# Let a certificate of deposit work for you

A certificate of deposit (CD) with a competitive rate can be the secure route to higher returns.

4.15% APY1

Our highest rate, on a 9-month CD

[Open a CD](https://opensavings.breadfinancial.com/product/9Month?_gl=1*ekshxq*_gcl_au*MTY5ODI2Nzg0OS4xNzY3MDE3ODI0LjE5ODY3NDA2ODcuMTc2OTcwOTA0NC4xNzY5NzA5MDc3)

## Find a CD term to fit your goal

Choose a CD length that’s right for your financial life! The minimum opening deposit for each CD is $1,500. The maximum is $1 million per account.

- **3-month CD**  
  3.80% APY1  
  [Open a 3-month CD](https://opensavings.breadfinancial.com/product/3Month)

- **6-month CD**  
  4.00% APY1  
  [Open a 6-month CD](https://opensavings.breadfinancial.com/product/6Month)

- **9-month CD**  
  4.15% APY1  
  [Open a 9-month CD](https://opensavings.breadfinancial.com/product/9Month)

- **1-Year CD**  
  3.85% APY1  
  [Open a 1-year CD](https://opensavings.breadfinancial.com/product/cd1Year?promoCode=bfh-savings-certificate-of-deposit)

- **18-month CD**  
  3.85% APY1  
  [Open a 18-month CD](https://opensavings.breadfinancial.com/product/18Month)

- **2-year CD**  
  3.85% APY1  
  [Open a 2-year CD](https://opensavings.breadfinancial.com/product/cd2Year?promoCode=bfh-savings-certificate-of-deposit)

- **3-year CD**  
  3.85% APY1  
  [Open a 3-year CD](https://opensavings.breadfinancial.com/product/cd3Year?promoCode=bfh-savings-certificate-of-deposit)

- **4-year CD**  
  3.85% APY1  
  [Open a 4-year CD](https://opensavings.breadfinancial.com/product/cd4Year?promoCode=bfh-savings-certificate-of-deposit)

- **5-year CD**  
  3.85% APY1  
  [Open a 5-year CD](https://opensavings.breadfinancial.com/product/cd5Year?promoCode=bfh-savings-certificate-of-deposit)

Show all CDs

# Why choose a Bread Savings CD?

No monthly maintenance fee

FDIC insured for peace of mind

Convenient mobile and online access

Exceptional customer service

[Open a CD](https://opensavings.breadfinancial.com/products?customerCategory=personal&productType=all&promoCode=bfh-savings-certificate-of-deposit "You're leaving this page to go to the Bread Savings application.")

# Earnings you can count on

You earn interest on your CD at a fixed rate, no matter what happens with the market.

Interest is compounded daily, then credited and posted monthly.

## Track your savings from anywhere

You can manage your account quickly and securely from your mobile device. Simply download the Bread Savings mobile app.

#### Visit your app store to download.

[You’re leaving this page to go to the App Store to download the Bread Savings app](https://apps.apple.com/us/app/bread-savings/id1418641581)[You’re leaving this page to go to  Google Play to download the Bread Savings app ](https://play.google.com/store/apps/details?id=net.comenity.grip&hl=en_NZ)

Deposits are [FDIC](https://www.fdic.gov/) insured through Comenity Capital Bank with a coverage limit of $250,000 per depositor for each ownership category.

## **Start earning interest immediately** 3

Open a new Bread Savings CD in just minutes! You’ll be earning interest as soon as you make your opening deposit.

[Start saving now](https://opensavings.breadfinancial.com/products?customerCategory=personal&productType=all&promoCode=bfh-savings-certificate-of-deposit)

## Frequently asked questions

### What is a certificate of deposit (CD)?+-

Generally, a CD is a deposit account with a fixed interest rate, specific term length and maturity date. Penalties may apply if withdrawals are made before maturity.

### Who can open a Bread Savings CD?+-

To be eligible to open a Bread Savings online account, you must be at least 18 years of age, be a United States citizen or resident alien, have a valid U.S. government-issued Social Security number, and a physical U.S. address.

### Are there fees associated with a Bread Savings CD?+-

Here are the fees for a Bread Savings CD:

- $5 for each paper statement request (online statements are free)
- $15 for each official check request (a check that is guaranteed by the bank)
- $25 outgoing wire transfer fee (a free, automated clearing house (ACH) transfer can be used instead)

CDs will be auto-renewed at maturity, or you can cash them out within the 10-day grace period without being charged a penalty for early withdrawal.

### What happens when a Bread Savings Certificate of Deposit matures?+-

You’ll be notified when the maturity date is approaching on a Bread Savings Certificate of Deposit. Your CD will automatically renew at maturity unless we notify you otherwise. The CD term will remain the same, but you can check your new rate online in your account details.

You’ll have 10 calendar days to withdraw the funds or close the account without penalty. Bread Savings CDs require a $1,500 minimum balance.