Online Banking High Interest Rates: HMBradley Offers 3% Savings

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A bank that wants you to save your money instead of spending it? We’re listening.

A new online bank offering high interest accounts has entered the financial arena, but with a twist: HMBradley, a digital banking platform, really wants to encourage its customers to save money. It is therefore a question of encouraging good financial behavior by offering an interest rate of 3% to people who save at least 20% of their income each month.

The basic premise of HMBradley’s New Banking Option is that you earn more interest the more you save. Rather than rewarding a higher count sales, the fintech start-up rewards clients who save a large part of their net salary. So even if 20% of your income equals only $ 200 per month, you will still benefit from the 3% interest rate, which is by far one of the highest rates in the bank today. .

The interest rates of clients with HMBradley are determined by the percentage of their salary they save quarterly. The rate levels are called “savings levels”. As long as you have set up at least one direct deposit with the bank and save at least 5% of your quarterly deposits, you are eligible for the interest rates below.

  • Level 1 3.00% APY: save ≥ 20% direct deposits
  • Level 2 ー 2.25% APY: Save 15% to
  • Level 3 ー 1.50% APY: Save 10% to
  • Level 4 ー 1.00% APY: Save 5% to

Keep in mind that these are variable annual percentage rates, which means they are subject to change.

What are the differences between HMBradley and the best online banks like Ally and Marcus from Goldman Sachs? Among other things, HMBradley does not separate checking and savings accounts, so you only have one account that earns interest no matter how you use it, with no need to transfer. money between accounts.

All HMBradley customers will have access to more than 55,000 ATMs in the STAR network, where they will be able to access cash or other banking transactions free of charge. Electronic bill payment will also be available to customers.

HMBradley is offering a bonus of up to $ 500 to new customers ahead of its official launch: sign up now and pledge to save a certain percentage of your income each month – the bank will grant you a 3% interest rate on the amount of your salary you agree to deposit for each month you are on the waiting list, as well as 3% on any money you deposit during the first 30 days of opening the account. If you are waiting for the platform to go live to register, all you need to do is open an account and set up direct deposit within the first 60 days of launch.


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David A. Albanese