Bread Financial® recognized for best-in-class high-yield savings account

Bread Financial recognized for its commitment to delivering exceptional value and convenience to customers

Bread Financial™, a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions, is celebrating a double win after earning recognitions from GOBankingRates and money.com for its high-yield savings account (HYSA) product that offers customers top-market rates and industry-leading features.  

A leading personal finance authority, GOBankingRates named Bread Financial's HYSA one of the "Best High-Yield Savings Accounts of 2024," while money.com, an online magazine guiding people to financial victories, recognized the company as a “2023-24 Best Banks” in the HYSA category.  

"These accolades signify our commitment to delivering exceptional value and convenience to our customers," said Mark Colucy, senior director of banking operations, Bread Financial. "Our high-yield savings account empowers savers to easily earn competitive interest, while our online banking platform provides a seamless and secure experience. We're thrilled to be recognized by such esteemed organizations as we expand consumer options to help them build a brighter financial future."

To develop its ratings, both organizations evaluated numerous high-yield savings accounts based on criteria such as:

• Competitive APY: Bread Financial's HYSA offers a compelling annual percentage yield, allowing customers to significantly grow their savings.
• Fee-Free Experience: No hidden fees and no monthly fees ensure customers keep more of their hard-earned money.
• Convenience: Bread Financial's user-friendly mobile app allows for effortless account management on the go.

Part of the Bread Savings™ product suite, in addition to the HYSA, Bread Savings also offers award-winning Certificate of Deposit (CD) accounts, both of which are FDIC insured for additional peace of mind. 

“With simple and smart solutions, Bread Savings puts customers in control of their money and empowers them to achieve their financial goals with the product right for their individual needs,” Colucy said.