Bread CD Account
Earn 4.20% APY on 6-month CD
4.4
4.4
MoneyAtlas
Rating
Terms range from 3 months to 5 years
Deposits are FDIC-insured up to $250,000
Interest is compounded daily and posted monthly
Pros
Fixed APY: Rates are locked for the CD's entire term, guaranteeing your return
No Monthly Fees: Your full deposit earns interest without being reduced by service charges
Multiple Term Lengths: Offers a wide selection of CD terms, from 3 months to 5 years
Cons
High Minimum Deposit: The $1,500 minimum is higher than that of many online competitors
No Branch Access: This is an online-only bank, so all support is handled remotely