Bread Savings vs. My Banking Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Bread SavingsHigh-Yield Savings Account Jan 7, 2026 | My Banking DirectHigh Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 4.05% | 4.02% |
Est. Earnings | $5,000+$203 $10,000+$405 $25,000+$1,013 | $5,000+$201 $10,000+$402 $25,000+$1,005 |
Min Deposit | $100 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android App | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Bread Savings vs. My Banking Direct
As of Bread Savings offers an APY of 4.05% for its High-Yield Savings Account, with a minimum balance of $0, compared to My Banking Direct's 4.02% APY for its High Yield Savings Account, with a minimum balance of $1.
Bread Savings pays $3 more than My Banking Direct on a $10,000 balance after one year. Bread Savings pays $405, while My Banking Direct pays $402 - an APY advantage for Bread Savings.
Why Bread Savings?
No distinct advantages found vs My Banking Direct.
Why My Banking Direct?
- ✓Fast transfers via Zelle®
Shared Benefits
Over a 1-year period, Bread Savings's High-Yield Savings Account pays $3 more interest on a $10,000 balance than My Banking Direct's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Bread Savings offers a High-Yield Savings Account with a competitive APY of 4.05%, making it the winner in this comparison. This account requires a minimum deposit of $100 and has no maintenance fees, with interest compounded daily. In contrast, My Banking Direct provides a similar High Yield Savings Account with a slightly lower APY of 4.02%, requiring a higher minimum deposit of $500 and a minimum balance of $1. Both accounts are online-only and do not require direct deposit.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Bread Savings vs. My Banking Direct Savings Calculator
You earn $3 more with Bread Savings than My Banking Direct on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Bread Savings
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$405.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,405.00
My Banking Direct
High Yield Savings Account
Savings Breakdown
- Interest Earned+$402.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,402.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bread Savings | My Banking Direct |
|---|---|---|
| APY | 4.05% Verified: 1/7/2026 ↘︎ 0.20%90d Change | 4.02% Verified: 1/7/2026 ↘︎ 0.18%90d Change |
| Product Name | High-Yield Savings Account | High Yield Savings Account |
| Minimum Deposit | $100 | $500 |
| Min. Balance for APY | $0 | $1 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.6 | iOS4.7 Android4.3 |
| Zelle® Support | Not Supported | Available Uses Flagstar/NYCB parent infrastructure. |
| BBB Rating | A+ | F |
| Next Steps | Visit SiteVerify at Bread Savings Non-sponsored link to official site | Visit SiteVerify at My Banking Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bread Savings | My Banking Direct |
|---|---|---|
| High-Yield Savings Account | High Yield Savings Account | |
Current APY | 4.05% | 4.02% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.9 | -3.9 |
Days Since Change | 19 | 53 |
12-Month High | 4.50% | 4.55% |
12-Month Low | 4.05% | 4.02% |
Adjustments / Mo | 0.66 | 0.49 |
Volatility Score | 0.025 | 0.035 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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