Bread Savings FDIC insured, backed by the full faith and credit of the U.S. Government

Save for a rewarding retirement with an IRA

Build your savings with the tax advantages of a Retirement High Yield Savings Account (HYSA) or Retirement Certificate of Deposit (CD).1 Open your IRA plan to get started! 

4.00% APY2

Retirement HYSA

4.15% APY2

9-month Retirement CD

Open an IRA

Comparing Traditional and Roth IRAs

You’ll want to decide if a Roth or Traditional IRA plan is right for you. The type of plan you open will determine the tax benefits you receive.1

Open an IRA

Pretax funding

Traditional IRA

  • Contributions come from pretax income and can be tax deductible.
  • You usually owe taxes on retirement withdrawals, including account earnings3
  • Minimum distributions required.

After-tax funding

Roth IRA

  • Contributions are made with after-tax income and are not tax deductible.
  • Generally, you won’t pay taxes on money withdrawn during retirement.3
  • No minimum distribution requirement.

Put more money away with a retirement savings account

 

You could earn a competitive rate on the money in your IRA with our Retirement High-Yield Savings Account. Start saving with $100 or more.

4.00%
APY² on HYSA
Interest is compounded daily, then posted monthly to your account.
FDIC coverage
Retirement and non-retirement accounts at Bread Savings are FDIC insured separately — up to deposit insurance coverage limits.
No hidden fees
There’s no monthly maintenance fee on your Bread Savings retirement account. Learn more about our account fees.

Get guaranteed returns for tomorrow with a retirement CD

You can prepare for the future with a Retirement CD featuring a fixed rate and your choice of term length. Open with $1,500 or more for steady growth.

Open an IRA

3-month CD

3.80% APY2

6-month CD

4.00% APY2

9-month CD

4.15% APY2

1-year CD

3.75% APY2

18-month CD

3.75% APY2

2-year CD

3.75% APY2

3-year CD

3.70% APY2

4-year CD

3.70% APY2

5-year CD

3.70% APY2

Enjoy the benefits of a Bread Savings™ account

No monthly maintenance fee

FDIC insured for peace of mind

Convenient mobile and online access

Exceptional customer service

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.

Member FDIC

Deposits are FDIC insured through Comenity Capital Bank with a coverage limit of $250,000 per depositor for each ownership category.

Take the next step on your retirement journey

No matter where you are on the road to retirement, a tax-advantaged account can help you prepare for a brighter future.1
Start saving now

Frequently asked questions

Collapse All

An IRA is an individual retirement account with tax advantages.1 Bread Savings offers Traditional and Roth IRAs. For more information on IRAs, please visit the IRS website.

Both the Retirement High-Yield Savings Account (HYSA) and Retirement Certificate of Deposit (CD) at Bread Savings offer the peace of mind of growing your money securely in FDIC-insured accounts.

 

A Retirement HYSA has a variable rate, meaning it can go up or down. After setting up your IRA that holds a high-yield savings account, you can make deposits into the account.

 

When you open a Retirement CD, you’ll receive a fixed rate of return on your initial deposit until the CD matures. CDs automatically renew at maturity; however, you'll have a 10-day period at renewal to add money to your certificate of deposit, choose a CD with a new term, or redeem and close the account without an early withdrawal penalty.

When deciding on the type of IRA to open, you’ll need to consider if you prefer making pretax or after-tax contributions. When making pretax contributions to an IRA, you’re adding money that you haven’t paid taxes on yet. When you’re contributing after-tax income to an IRA, you’re adding money that you’ve already paid taxes on.1

1Bread Savings does not provide tax, legal, or financial planning advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, or financial planning. You should consult your personal tax, legal, and financial planning advisors for advice in engaging in any transaction.

 

2ANNUAL PERCENTAGE YIELD (APY): All Bread Savings APYs are accurate as of . APYs are subject to change at any time without notice. Offers apply to personal accounts only. Fees may reduce earnings. For high-yield savings accounts, a minimum of $100 is required and must be deposited in a single transaction. For high-yield savings accounts, the rate may change after the account is opened. To open a CD, a minimum of $1,500 is required and must be deposited in a single transaction. A penalty will be imposed for early withdrawals on CDs. At maturity, your CD will automatically renew and earn the base interest rate in effect at that time.

 

3To make a withdrawal from a retirement savings account, please download and mail in an IRA distribution form. Please visit Forms and Documents to find the form for your IRA type.

 

Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google Inc.

 

Bread Savings/Comenity Capital Bank Routing Number: 124085325

 

Bread Savings™ Account Agreement