Bread Savings vs. Openbank
Openbank edges out Bread Savings slightly at 4.09% vs 4.00% APY. On a $10,000 balance, the difference is just $9 per year—so other factors may matter more.
The Bottom Line
The Bread Savings and Openbank savings accounts are very similar. Choose Bread Savings if mobile app quality matters.
| Metric | Bread SavingsHigh-Yield Savings Account Mar 24, 2026 | OpenbankHigh-Yield Savings Account Mar 24, 2026 |
|---|---|---|
| APY | 4.00% | 4.09% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$205 $10,000+$409 $25,000+$1,023 |
Min Deposit | $100 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsRate Changes Often |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Bread Savings vs. Openbank
Executive Summary
Openbank offers a High-Yield Savings Account with an APY of 4.09%, making it the winner compared to Bread Savings, which has an APY of 4.00%. Both accounts are online-only and have no maintenance fees, but Openbank requires a minimum deposit of $500, while Bread Savings has a lower minimum deposit of $100. Additionally, Bread Savings is noted for its superior mobile app experience, with both its iOS and Android apps rated 4.7.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Bread Savings?
- ✓Higher rated iOS app (4.7 vs 3.1)
- ✓Higher rated Android app (4.7 vs 2.5)
Why Openbank?
No distinct advantages found vs Bread Savings.
— Key Feature Differences —
Best Mobile App Experience
Bread SavingsBread Savings offers an iOS app rated 4.7 (vs. 3.1) and Android app rated 4.7 (vs. 2.5)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $9 more interest on a $10,000 balance than Bread Savings's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Bread Savings vs. Openbank Savings Calculator
You earn $9 more with Openbank than Bread Savings 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+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$409.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,409.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $399 per year in interest.
Both Bread Savings and Openbank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Bread Savings | Openbank |
|---|---|---|
| APY | 4.00% Verified: 3/24/2026 ↘︎ 0.05%90d Change | 4.09% Verified: 3/24/2026 ↘︎ 0.11%90d Change |
| Product Name | High-Yield Savings Account | High-Yield Savings Account |
| Minimum Deposit | $100 | $500 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Monthly |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | Not Rated |
| Next Steps | Visit SiteVerify at Bread Savings Non-sponsored link to official site | Visit SiteVerify at Openbank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bread Savings | Openbank |
|---|---|---|
| High-Yield Savings Account | High-Yield Savings Account | |
Current APY | 4.00% | 4.09% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.6 | -2.4 |
Days Since Change | 67 | 47 |
12-Month High | 4.40% | 4.40% |
12-Month Low | 4.00% | 4.09% |
Adjustments / Mo | 0.66 | 0.25 |
Volatility Score | 0.031 | 0.022 |
How to read these metrics(Click to expand)
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Comparing against Standard Savings
High Rates (With Checking Bundle)
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More Comparisons
Compare Bread Savings' APY of 4.00% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Bread Savings vs Ally Bank | 3.20% | $0 |
| Bread Savings vs American Express | 3.20% | $0 |
| Bread Savings vs Axos Bank | 4.21% | $0 |
| Bread Savings vs Barclays | 3.85% | $0 |
| Bread Savings vs Capital One | 3.20% | $0 |
| Bread Savings vs Chime | 3.00% | $0 |
| Bread Savings vs CIT Bank | 3.75% | $100 |
| Bread Savings vs Discover Bank | 3.30% | $0 |
| Bread Savings vs EverBank | 3.90% | $0 |
| Bread Savings vs Marcus by Goldman Sachs | 3.65% | $0 |
| Bread Savings vs Newtek Bank | 4.20% | $0.01 |
| Bread Savings vs Pibank | 4.60% | $0 |
| Bread Savings vs SoFi Bank | 4.00% | $0 |
| Bread Savings vs Synchrony Bank | 3.50% | $0 |
| Bread Savings vs Varo Bank | 5.00% | $0 |
| Bread Savings vs Wealthfront | 4.20% | $0 |