High-Yield Savings Account Comparison

Bread Savings vs. Wells Fargo

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl
Updated December 10, 2025

Bread Savings

High-Yield Savings Account

4.10%
APY
Dec 10, 2025
FDIC InsuredLow MinimumsGreat iOS AppGreat Android App
Show Fine Print & Trends
Min. Deposit$100
Min. Balance$0
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 57570)
EligibilityUnited States
Mobile Ratings
iOS:4.7Android:4.5
BBB Rating
A+(BBB Accredited (Information provided is for Comenity Capital Bank))

Rate Stability

7 days
↘︎ 0.05%
30 days
↘︎ 0.10%
90 days
↘︎ 0.15%
Read Bank Overview

Wells Fargo

Platinum Savings

0.05%
APY
Dec 10, 2025
FDIC InsuredHigh MinimumChecking BundleGreat iOS AppGreat Android AppIn-Person Access
Show Fine Print & Trends
Min. Deposit$25
Min. Balance$1,000,000
Maintenance Fee$12. Waived with $3,500 minimum daily balance.
Compound FreqDaily
Direct DepositNot required
Branch AccessWells Fargo offers branches and ATMs in 36 states and Washington, D.C.
Deposit InsuranceFDIC Insured(Cert: 3511)
EligibilityUnited States
Mobile Ratings
iOS:4.9Android:4.8
BBB Rating
D-(Not BBB Accredited)

Important Note

This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details.

Rate Stability

Rate Adjusted
-2.46%
Since 90 days ago
Read Bank Overview

Market Reality Check

Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.

See Top Rates

Bread Savings vs. Wells Fargo Savings Calculator

Calculations based on current APY for High-Yield Savings Account and Platinum Savings
$
$

Bread Savings earns $2,470.8 more than Wells Fargo.

Bread Savings

High-Yield Savings Account

4.10% APY

Savings Breakdown

  • Interest Earned
    +$2,499.40(12.2%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,499.40

Effective APY
4.10%
View Details

Wells Fargo

Platinum Savings

0.05% APY

Higher APY requires $1,000,000

Savings Breakdown

  • Interest Earned
    +$28.60(0.2%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$18,028.60

Effective APY
0.05%
View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Comparison Analysis

Comparing Bread Savings vs. Wells Fargo

Updated: Dec 10, 2025

Why Bread Savings?

  • ✓Higher potential APY (4.10% vs 0.01%-0.05%) on all balances
  • ✓No checking account or direct deposit required

Why Wells Fargo?

  • ✓Physical branch access (Wells Fargo offers branches and ATMs in 36 states and Washington, D.C.)
  • ✓Higher rated Android app (4.8 vs 4.5)
  • ✓Offers 2 different high-yield savings options

— Key Feature Differences —

Better Returns at $10,000
Bread Savings

Bread Savings's High-Yield Savings Account earns more on smaller deposits (approx. $410 vs $0/yr).

Better Returns at $25,000
Bread Savings

Bread Savings's High-Yield Savings Account pulls ahead with larger amounts (approx. $1025 vs $0/yr).

Best for Simplicity
Bread Savings

Bread Savings's High-Yield Savings Account offers 4.10% APY with no bundling, direct deposit requirement or caps.

Best Mobile App Experience
Wells Fargo

Wells Fargo offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.8 (vs. 4.5)

Shared Benefits

Available Nationwide Available to New & Existing Customers
The Bottom Line on APY (Interest Only)

Over a 1-year period, Bread Savings's High-Yield Savings Account pays $405 more interest on a $10,000 balance than Wells Fargo's Platinum Savings.

*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.

Wells FargoBread Savings
Automated Data Audit

Executive Summary

Bread Savings offers a High-Yield Savings Account with an impressive APY of 4.10%, making it a superior choice for savers, especially for those with smaller deposits. This account requires a minimum deposit of $100 and has no maintenance fees or direct deposit requirements, making it straightforward and accessible. In contrast, Wells Fargo's highest APY is only 0.05% with its Platinum Savings account, which requires a substantial minimum balance of $1,000,000 and is linked to a checking account. Their Way2Save Savings account offers a minimal APY of 0.01%. Overall, Bread Savings stands out significantly in terms of returns.

Analysis generated based on current Banksparency database records

* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.

ExploreBread SavingsExploreWells Fargo

Top Market Contenders

See who beats both Bread Savings and Wells Fargo.

Compare All High-Yield Savings Accounts
Pibank
Pibank Savings
FDIC InsuredNo Minimums
4.60% APY
+0.50% vs Bread Savings
Better Rate
Pibank vs Bread SavingsPibank vs Wells Fargo
Axos Bank
Axos ONE
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
4.31% APY
+0.21% vs Bread Savings
Better Rate
Axos Bank vs Bread SavingsAxos Bank vs Wells Fargo
TIMBR
Premium Savings Account
FDIC InsuredLow Minimums
4.40% APY
+0.30% vs Bread Savings
Better Rate
TIMBR vs Bread SavingsTIMBR vs Wells Fargo
FeatureBread SavingsWells Fargo
APY
4.10%
Verified: 12/10/2025
↘︎ 0.15%90d Change
0.05%
Range: 0.05% - 0.05%
Verified: 12/10/2025
↘︎ 2.46%90d Change
Product NameHigh-Yield Savings AccountPlatinum Savings
Minimum Deposit$100$25
Min. Balance for APY$0$1,000,000
Monthly Fee$0$12. Waived with $3,500 minimum daily balance.
Branch AccessNoneYes
Account Type
Online Only
Online & Branches
Direct Deposit Req.NoneNone
Checking BundleNo Yes
Mobile Apps
iOS4.7
Android4.5
iOS4.9
Android4.8
BBB RatingA+D-
Important Notes-This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details.
Next Steps
- View Details
- View Details

📈 Compare Savings Rates Over Time

Historical Performance

Last 5 Months Analysis
MetricBread SavingsWells Fargo
High-Yield Savings AccountPlatinum SavingsWay2Save Savings
Current APY
4.10%0.05%0.01%
Trend
 Stable Stable Stable
Velocity (bps/mo)
-2.5-71.8-0.0
Days Since Change
554147
5-Month High
4.25%2.51%0.01%
5-Month Low
4.10%0.05%0.01%
Adjustments / Mo
0.610.610.00
Volatility Score
0.0100.8830.000
How to read these metrics(Click to expand)

Trends & Velocity

  • Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
  • Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
  • Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

  • High/Low: The absolute ceiling and floor of the rate during the 148-day window.
  • Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
  • Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Compare Similar Alternatives

Compare Bread Savings vs...

Comparing against Standard Savings

vs Bread Savings
PibankNo Bundle Req
4.60%
APY
vs Bread Savings
TIMBRNo Bundle Req
4.40%
APY
vs Bread Savings
Newtek BankNo Bundle Req
4.35%
APY

Compare Wells Fargo vs...

Comparing against other Bundled Accounts

vs Wells Fargo
Axos BankChecking Bundle
4.31%
APY
vs Wells Fargo
SoFi BankChecking Bundle
4.30%
APY
vs Wells Fargo
Presidential BankChecking Bundle
4.00%
APY

More Comparisons

Compare Bread Savings' APY of 4.10% with other banks
Bank PairCompetitor APYMin Deposit
Bread Savings vs Affirm3.60%$0
Bread Savings vs Ally Bank3.30%$0
Bread Savings vs American Express3.40%$0
Bread Savings vs Axos Bank4.31%$0
Bread Savings vs Bank of America0.01%$100
Bread Savings vs Barclays4.00%$0
Bread Savings vs Bask Bank3.90%$0
Bread Savings vs Betterment3.50%$10
Bread Savings vs BMO Alto3.25%$0
Bread Savings vs BrioDirect4.00%$5,000
Bread Savings vs Capital One3.40%$0
Bread Savings vs Charles Schwab Bank0.15%$0
Bread Savings vs Chase Bank0.01%$0
Bread Savings vs Chime3.50%$0
Bread Savings vs CIT Bank3.75%$100
Bread Savings vs Citibank3.30%$0
Bread Savings vs Citizens Access™3.15%$0.01
Bread Savings vs Climate First Bank4.21%$50
Bread Savings vs Discover Bank3.40%$0
Bread Savings vs E*TRADE from Morgan Stanley3.75%$0
Bread Savings vs Elevault4.08%$0
Bread Savings vs EverBank4.05%$0
Bread Savings vs Fitness Bank4.75%$100
Bread Savings vs FNBO Direct3.00%$1
Bread Savings vs Forbright Bank4.00%$0
Bread Savings vs FVCbank3.85%$500
Bread Savings vs GO2bank4.50%$0
Bread Savings vs Ivy Bank4.25%$2,500
Bread Savings vs LendingClub4.20%$0
Bread Savings vs Marcus by Goldman Sachs3.65%$0
Bread Savings vs Neighbors Bank4.30%$0
Bread Savings vs Newtek Bank4.35%$0.01
Bread Savings vs Openbank4.20%$500
Bread Savings vs Peak Bank4.20%$100
Bread Savings vs Pibank4.60%$0
Bread Savings vs PNC3.53%$0
Bread Savings vs Presidential Bank4.00%$5,000
Bread Savings vs Quontic Bank3.75%$100
Bread Savings vs Salem Five Direct3.71%$10
Bread Savings vs Sallie Mae Bank3.90%$0
Bread Savings vs Santander Bank0.01%$25
Bread Savings vs SoFi Bank4.30%$0
Bread Savings vs Synchrony Bank3.65%$0
Bread Savings vs TD Bank2.75%$0
Bread Savings vs TIMBR4.40%$1,000
Bread Savings vs UFB Direct3.71%$5000
Bread Savings vs Upgrade3.05%$0
Bread Savings vs Valley Direct4.10%$1,000
Bread Savings vs Varo Bank5.00%$0
Bread Savings vs Vio Bank4.16%$100
Bread Savings vs Wealthfront4.15%$0
Bread Savings vs Zynlo Bank4.05%$10
Compare Wells Fargo's APY of 0.05% with other banks
Bank PairCompetitor APYMin Deposit
Wells Fargo vs Affirm3.60%$0
Wells Fargo vs Ally Bank3.30%$0
Wells Fargo vs American Express3.40%$0
Wells Fargo vs Axos Bank4.31%$0
Wells Fargo vs Bank of America0.01%$100
Wells Fargo vs Barclays4.00%$0
Wells Fargo vs Bask Bank3.90%$0
Wells Fargo vs Betterment3.50%$10
Wells Fargo vs BMO Alto3.25%$0
Wells Fargo vs BrioDirect4.00%$5,000
Wells Fargo vs Capital One3.40%$0
Wells Fargo vs Charles Schwab Bank0.15%$0
Wells Fargo vs Chase Bank0.01%$0
Wells Fargo vs Chime3.50%$0
Wells Fargo vs CIT Bank3.75%$100
Wells Fargo vs Citibank3.30%$0
Wells Fargo vs Citizens Access™3.15%$0.01
Wells Fargo vs Climate First Bank4.21%$50
Wells Fargo vs Discover Bank3.40%$0
Wells Fargo vs E*TRADE from Morgan Stanley3.75%$0
Wells Fargo vs Elevault4.08%$0
Wells Fargo vs EverBank4.05%$0
Wells Fargo vs Fitness Bank4.75%$100
Wells Fargo vs FNBO Direct3.00%$1
Wells Fargo vs Forbright Bank4.00%$0
Wells Fargo vs FVCbank3.85%$500
Wells Fargo vs GO2bank4.50%$0
Wells Fargo vs Ivy Bank4.25%$2,500
Wells Fargo vs LendingClub4.20%$0
Wells Fargo vs Marcus by Goldman Sachs3.65%$0
Wells Fargo vs Neighbors Bank4.30%$0
Wells Fargo vs Newtek Bank4.35%$0.01
Wells Fargo vs Openbank4.20%$500
Wells Fargo vs Peak Bank4.20%$100
Wells Fargo vs Pibank4.60%$0
Wells Fargo vs PNC3.53%$0
Wells Fargo vs Presidential Bank4.00%$5,000
Wells Fargo vs Quontic Bank3.75%$100
Wells Fargo vs Salem Five Direct3.71%$10
Wells Fargo vs Sallie Mae Bank3.90%$0
Wells Fargo vs Santander Bank0.01%$25
Wells Fargo vs SoFi Bank4.30%$0
Wells Fargo vs Synchrony Bank3.65%$0
Wells Fargo vs TD Bank2.75%$0
Wells Fargo vs TIMBR4.40%$1,000
Wells Fargo vs UFB Direct3.71%$5000
Wells Fargo vs Upgrade3.05%$0
Wells Fargo vs Valley Direct4.10%$1,000
Wells Fargo vs Varo Bank5.00%$0
Wells Fargo vs Vio Bank4.16%$100
Wells Fargo vs Wealthfront4.15%$0
Wells Fargo vs Zynlo Bank4.05%$10