Is Bread Savings a legitimate bank?

Yes, Bread Savings is an FDIC insured bank.

How do I withdraw money from Bread Savings?

Debit cards and checks are not available with Bread’s high-yield savings. Money must be transferred to a linked bank account.

What do I need to open a Bread Savings account?

In order to open a Bread Savings account, you must be at least 18 years old, be a United States citizen or resident alien, have a valid U.S. government-issued Social Security Number and a U.S. address. A minimum deposit of $100 is also required.

Does Bread Savings have a money market account?

No, Bread Savings doesn't offer a money market account.

Is Bread Financial in trouble?

Bread Financial, Bread Savings’ parent company, is not in immediate financial distress. The company exceeded its 2023 fourth-quarter earnings and revenue estimates. The company’s stock has gone up about 19% during the past year.

How many withdrawals can I make per month from my Bread Savings account?

Bread Savings doesn’t state any limitations on how many withdrawals you can make per month. This means you won’t be penalized for using the account to pay bills or transfer money out.

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BREAD SAVINGS REVIEW JANUARY 2025: HIGH-YIELD SAVINGS ACCOUNTS, CDS, AND MORE

Bread Savings Review January 2025: No checking accounts, but high APYs on savings accounts and CDs

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