Joseph E Huhn
Easy to navigate
Simple High-yield Savings
Simple and effective. Transfers and external account connections all take 3 days to complete. That’s the only catch to this bank. Thats not at all a problem for a savings account such as this. Strongly recommended
Great online banking.
Very simple to use and do not have any problems!!!
READ THE FINE PRINT!
I have multiple HYSS’s. Bread is the only account that has a $5,000 maximum withdrawal for the 1st 90 days minimum. If you should choose to transfer a larger amount expect to wait (with Bread claiming no responsibility if the wire transfer was to even be lost)! Pay a $25.00 fee for the wire transfer which Bread can simply deny if they so choose to. Their customer service is absolute trash! I’ve used my personal bank, PayPal, & Amex for HYSA’s and they’ve all been great! Personally Amex has been the easiest, with fair rates and the best customer service by a long shot! Bread with no “brick & mortar” stores. With their employees more than likely working from home, reply when it’s convenient for them using the app’s messaging service. Phone calls to them are just about as fun as calling any other poorly operated A.I. phone system. And certainly check the hours! As Bread certainly does not like to have anything like normal business hours for certain transactions or to speak with a representative. Expect to wait a couple days for communication with them. Know that if your thinking about moving money around and this is not a long term HYSA for yourself (100% knowing you will not need to withdrawal or transfer any of your money in under 180 days), their is a large fee for closing your account. As there is a large wire transfer fee. And other fees at their disposal. Their APY is not worth the extra .2% compared to the majority of better organized and ran FDIC approved HYSA’s I have used, and am using. Bread is by all means a let down, which I strongly recommend against with anyone who is using their HYSA and needs or would like their funds to be fluid and accessible. If your looking for something long term as Bread has their HYSA set up, just go for a 6 month (or whichever timeframe works for you) CD that’s going to have a higher payout without ever having to worry about their HYSA APY fluctuations as an HYSA does. With a CD you’re locked in (as you are with Bread unknowingly on my end, or now with the ridiculous fees I’ll be paying to take my money where I’m happy with a regular normal HYSA service again). I wish I could post a screenshot from the Breads Savings app right on here, as it would scare anyone who is currently interested in investing with Bread. I assure you, it is a mistake if you need your money to be fluid or accessible in any aspect. After your 1st deposit also know that you MAY NOT MAKE A TRANSFER OR TAKE A DIME FROM YOUR HYSA FOR THE 1st 30 BUSINESS days from that deposit. Heed my warning & go elsewhere I assure you I wish I had not trusted Bread Savings. And stayed where I was already quite content & was foolish enough to go for the very slightly higher APY which in the end will only have costed me time, patience, and a loss.
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Outstanding
User friendly, excellent customer service and reliable!
Literal scam
I deposited 100 dollar a few months ago after that the app stopped loading now I lost my money. Support does not respond. Do not know what todo I just lost my money
Great Bank
Love the high yield account and super easy to open!
Well designed, logical flow
And works flawlessly
HYSA
Bread gives interest rates as high as anyone. Their app and site function perfectly and do everything an HYSA should be able to do. CDs are easy to set up and have good rates. When you really need to contact a human, you can.
Everything I need with a HYSA
The account was easy to start. The interest rate has been amazing, too bad I hopped on the HYSA so late, I would have benefited much more, regardless, my HYSA is still one of the highest in the market. I had to perform a wire transfer the other day, I was a bit worried, but customer service walked me through everything, and then they called me to further verify that the wired money was being sent to the correct account, and address. One of my favorite features of this account, being able to see my daily accrued interest!! (Typically hits after 12AM PST). I have the most confidence having my savings held at this location! Thank you!
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Very Challenging to get your Money Out after CD Term
Most CD providers give you a simple checkbox option to, at the en of your term, disperse your balance back to your bank account to allow you to find a new CD with whoever has the best rate at the time. Bread tries very hard to keep your money with them. The CD is defaulted to renew with them, and you have to use a very poor (potentially AI) customer service chat to get the account to close at maturity. I have been chatting back and forth for almost a week, and still haven’t managed to get them to agree to close the account.
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Simplicity
A system for myself to create wealth no matter how big or small it may be
Nice interest rate
Nice interest rate if I get my funds back. I not satisfied with the lack of commutation now my CD matured.
My withdrawal amount should not be limited
Will consider other banking institutions
Great Bank
The app is easy to use, simple and straightforward. I highly recommend Bread Savings.
A highly reliable investment choice
Bread provides a most competitive and reliable, durable, overall APY for a mix of High Yield Savings and CDs. I have been tracking and using them happily for the past 2+ years.
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They’re a great main emergency fund bank
The app works. I think I’ve rarely had issues over the past few years. They’ve added little features over time. The one time I had to call them for a wire transfer, it was fine. I like the unlimited ACH transfers.
Don’t bother with online support, no one answers
As the title says, only use phone support to do things like redeem CDs as no one has answered messages after several days waiting
Best Bread Ever
Bread will help you make that cheddar with a high yield savings account in no time and the app makes it convenient to access.
Does not work at best
Have not received interest payments since September and app crashes when checking my balance
