Bread Financial

Overview / Commentary
12921 S Vista Station Blvd
Draper, UT 84020

Bread Financial is the 147th largest bank in the nation. It was established in 2003 and as of June of 2022, it had grown to 109 employees. Bread Financial's savings rates are 7X the national average, and it has an A health rating.

Opened An Online Account

Posted by: |

Opening a 5 year cd went quickly and smoothly. Funding is in 3 to 5 days and waiting for that. So far so good!

All Good With Me!

Posted by: |

it is a good bank if you just want to park extra money you have for a great interest rate. if you are going to make frequent transactions for large sums then you should look elsewhere. I have nothing but good experiences with this bank and have broken cds to take advantage of better interest rates and it always worked out well for me. i usually withdraw amounts less than $1000 dollars and never had problems with cancelled transactions like some other banks. Overall they have been reliable for my needs and i had nothing but a positive experience with this bank.

There Is Something ODD About Bread Financial Savings

I've had a savings account here for a couple of years. I can't put my finger on what it is about that seems so ODD about my Bread Financial Savings account. Their interest rates ar very competitive, but that is where it stops. Online wait times for customer service are excessive. Customer service conversations on their internal Message system can be very slow and frustrating. They have odd rules about withdrawing funds. Their website is oddly designed. They changed their brand name from Comenity (try to pronounce that) to "Bread". Bread?? Really?? ACH transfers still go through as "Comenity". But they offer high rates. Hmmm. They won't get 5 stars from me. I still have my account there, but I have drawn it down.

Suspended My Account

This bank is terrible. You will get no response from chat features. All I did was ask question about closing account and then they suspended it. I have been trying to reach someone but couldnt get through. Stay away its not worth the headache.



Health Grade Components

FDIC Certificate #57570
Year Established2003
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.68%
Return on Equity - YTD17.98%
Annual Interest Income$1.05B
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$11.27B$8.92B
LoansQ2 2022vs Q2 2021$8.83B$6.99B
DepositsQ2 2022vs Q2 2021$7.52B$6.42B
Equity CapitalQ2 2022vs Q2 2021$1.65B$1.21B
Loan Loss AllowanceQ2 2022vs Q2 2021$1.13B$804.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$239.1MM$136.7MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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Bread Financial Savings Account Rates

3.50%$100$1mBread Savings High-Yield Savings Account

Bread Financial CD Rates

4.75%$1.5k$1m5 Year Bread Savings CD
4.65%$1.5k$1m4 Year Bread Savings CD
4.50%$1.5k$1m1 Year Bread Savings CD
4.50%$1.5k$1m2 Year Bread Savings CD
4.50%$1.5k$1m3 Year Bread Savings CD

Bread Financial is an Internet only bank and does not have branch locations. Its headquarters is located at 12921 S Vista Station Blvd - Draper, UT 84020

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