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 9X the national average, and it has an A health rating.

Related Posts

Bread Financial Has Top 2-Year CD Offered By Internet Banks - 3/23/2023

Bread Financial (former internet bank Comenity Direct) has upped the 2-year CD APY to a near-rate leading level. $1.5k min deposit, with $1 million cap for all accounts.

Bread Has Risen To 4.50% APY - 3/22/2023

4.50% APY Bread Financial Savings.

Bread Financial 1-Year CD Crosses Into Rate-Leading APY Territory - 3/7/2023

Bread Financial (former internet bank Comenity Direct) has raised the 1-year CD APY to a rate-leading level. $1.5k minimum deposit, with $1 million cap for all accounts.

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Never Had ANY Problems

Have 2 accounts going on 3 with these guys. Excellent rates and great service, have never had one problem.

Now people with credit card issues need to learn how to live within their means, instead of month to month on credit.

Most people are here for the excellent interest rates being given on certificates of deposit and their high yield savings account. Who cares about credit cards, get that from any bank.

Excellent Customer Service By Phone

Posted by: |

I have been a long-time customer of Bread Financial (formerly known as Comenity Capital Bank). I called seeking guidance in two matters:

1. How to open a CD using some of the money in my high-yield savings account. The customer service representative directed me to the link on my account page to follow to open another account (that is, the CD).

2. I requested an increase to my ACH transfer (outgoing) limit. I was capped at $5,000 per day with no 6 transfers limit per month and no fees after the 6th transfer. I was cheerfully offered a daily limit of $100,000 (I selected a $50,000 daily limit) with no limit to the number of transfers per month and no fees. I was informed the change will take effect in 3 to 5 business days.

I had less than a one-minute hold time (I called late afternoon) to speak to a live representative. She was friendly, courteous, knowledgeable and spoke clearly.

I have never had any issues with Bread Financial or Comenity phone representatives.

Easy Application, Good Rates

Posted by: |

Unlike some others on here, I had no problem whatsoever setting up my account. Their rates seemed pretty good, although I discovered another bank that same day that had better rates.

Terrible Bank , Incompetent Management And Customer Service.

Posted by: |

I have never seen a bank that denies your application form and the Mangement and customer service doesn't know why your application form was denied and they tell you to keep trying with a different email address so that you may get approved. I tried this several times getting the same result. It's like playing the slots machine! I had a horrible experience after making several phone calls and filling up several application forms that they told me they couldn't delete! I should have listened to all the negative and one-star comments here. They are all true, so don't waste your time like I did.



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

4.50%$100$1mBread Savings High-Yield Savings Account

Bread Financial CD Rates

5.10%$1.5k$1m2 Year Bread Savings CD
5.05%$1.5k$1m1 Year Bread Savings CD
4.50%$1.5k$1m3 Year Bread Savings CD
4.35%$1.5k$1m4 Year Bread Savings CD
4.25%$1.5k$1m5 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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.