Bread Savings vs. Chime
Bread Savings's High-Yield Savings Account pays 3.95% APY while Chime's Chime High-Yield Savings Account pays 3.75% APY.
Note: Chime's Chime High-Yield Savings Account also needs a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Bread Savings pays $20 more than Chime annually ($395 vs $375).
Choose Bread Savings if getting the best rate matters most, or you want a no-strings-attached account.
Important Considerations
Chime's Chime High-Yield Savings Account pays its top rate only if you also open a checking account with Chime, while Bread Savings's High-Yield Savings Account stands alone.
| Metric | Bread SavingsHigh-Yield Savings Account Sep 11, 2026 | ChimeChime High-Yield Savings Account Sep 11, 2026 |
|---|---|---|
| APY | 3.95% | 3.75% |
Earns in a year | $5,000+$198 $10,000+$395 $25,000+$988 | $5,000+$188 $10,000+$375 $25,000+$938 |
Min. Deposit | $100 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDirect Deposit ReqChecking BundleDaily Compounding |
Prefer In-Person Banking?
Both of these institutions are online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Bread Savings vs. Chime
Executive Summary
Bread Savings offers a High-Yield Savings Account with a competitive APY of 3.95%, making it the higher-yield option compared to Chime's High-Yield Savings Account, which has an APY of 3.75%. Bread Savings does not require direct deposit and has no caps on earnings, providing a straightforward savings experience. In contrast, Chime requires direct deposit to access its APY, though it has a low minimum balance requirement of $1. Both accounts are online-only and have no maintenance fees, but Bread Savings is available nationally only in Utah.
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 potential APY (3.95% vs 3.75%) on all balances
- No checking account or direct deposit required
Why Chime?
No distinct advantages found vs Bread Savings.
Key Feature Differences
Better Returns at $10,000
Bread SavingsBread Savings's High-Yield Savings Account earns more on smaller deposits (approx. $395 vs $375/yr).
Better Returns at $25,000
Bread SavingsBread Savings's High-Yield Savings Account pulls ahead with larger amounts (approx. $988 vs $938/yr).
Better for Simplicity
Bread SavingsBread Savings's High-Yield Savings Account offers 3.95% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Bread Savings's High-Yield Savings Account pays $20 more interest on a $10,000 balance than Chime's Chime 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. Chime Savings Calculator
You earn $20 more with Bread Savings than Chime 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+$395.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,395.00
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $370 a year in interest.
Both Bread Savings and Chime advertise far more than that typical branch-bank rate.
| Feature | Bread Savings | Chime |
|---|---|---|
| APY | 3.95% Observed: 9/11/2026 0.05%90-day change | 3.75% Observed: 9/11/2026 Stable over 90 days |
| Product Name | High-Yield Savings Account | Chime High-Yield Savings Account |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | 1 (UT) | Not reported |
| Direct Deposit Req. | None | Required |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | Yes |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Bread Savings Non-sponsored link to official site | Visit SiteVerify at Chime Non-sponsored link to official site |
Compare Savings Rates Over Time
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More Comparisons
Compare Bread Savings' APY of 3.95% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Bread Savings vs Ally Bank | 3.00% | $0 |
| Bread Savings vs American Express | 3.00% | $0 |
| Bread Savings vs Axos Bank | 4.21% | $0 |
| Bread Savings vs Barclays | 3.65% | $0 |
| Bread Savings vs Capital One | 3.50% | $0 |
| Bread Savings vs CIT Bank | 3.75% | $100 |
| Bread Savings vs EverBank | 3.90% | $0 |
| Bread Savings vs Marcus by Goldman Sachs | 3.40% | $0 |
| Bread Savings vs Newtek Bank | 4.20% | $100 |
| Bread Savings vs Openbank | 3.80% | $500 |
| Bread Savings vs Pibank | 4.10% | $0 |
| Bread Savings vs SoFi Bank | 4.00% | $0 |
| Bread Savings vs Synchrony Bank | 3.30% | $0 |
| Bread Savings vs Varo Bank | 3.75% | $0 |
| Bread Savings vs Wealthfront | 3.95% | $0 |