Merrick Bank vs Bread Savings CD Comparison
Updated August 20, 2026 · Rates from official provider sources
Bread Savings has the higher rate right now.
The APY gap is 0.05%. On a $25,000 balance, that is about $12/year. If the dollar difference is small, choose based on transfer speed, app fit, and whether you want other accounts in the same place.
Merrick Bank 1-Year CD
Merrick Bank
Bread Savings 1-Year CD
Bread Savings
Dollar Difference by Balance
| Balance | Merrick Bank | Bread Savings | Difference |
|---|---|---|---|
| $10,000 | $420/yr | $425/yr | $5/yr |
| $25,000 | $1,050/yr | $1,063/yr | $13/yr |
| $50,000 | $2,100/yr | $2,125/yr | $25/yr |
| $100,000 | $4,200/yr | $4,250/yr | $50/yr |
Advertising disclosure: Some products are from partners. This does not affect rankings.
Full disclosure →SoFi Checking & Savings
SoFi
Based on your savings balance, this account maximizes your yield with FDIC protection.
Advertising disclosure: SwitchWize may earn a referral fee if you open an account through this link. This does not affect our rankings or recommendations. Learn more
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How to read this comparison
The rate table is useful for the math, but it is not the whole decision. Confirm current APY, transfer timing, account availability, minimum balance rules, and any linked-account requirements before opening. Rates can change after this page refreshes.
FAQ
Which is better, Merrick Bank or Bread Savings?
Bread Savings currently pays 4.25% APY vs Merrick Bank at 4.20% APY — a 0.05% point advantage. On $25,000, that difference is $12 per year.
Are Merrick Bank and Bread Savings FDIC insured?
Yes, both accounts are FDIC insured up to $250,000 per depositor, per ownership category.
Can I have accounts at both?
Yes. There is no limit on how many 12-month CD accounts you can hold across different banks.