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The bottom line: HMBradley is a good choice if you are comfortable keeping your checking and savings all in one place. If you would prefer to open separate checking and savings accounts, our best online banks guide includes options with distinct checking and high-yield savings accounts.

HMBradley: Pros and Cons


High interest rate if you meet certain requirements

No monthly service fees

Joint bank accounts available 

Online-only platform
May not be the best option if you want a separate checking and savings account

To earn 4.20% APY on an HMBradley Account with New York Community Bank, you must fulfill certain qualifying activities each month
Cannot deposit cash

HMBradley Account

The HMBradley Account may be a good option if you don’t want to worry about monthly service fees. You also might like HMBradley if you’d like to earn a high interest rate.

The more you save, the more you’ll earn. Here are the savings tiers:

Tier 1: Earn 2.00% APY when you open the HMBradley Account with New York Community Bank

Tier 2: Earn 3.60% APY when you make a qualifying direct deposit of $500 and maintain a positive cash flow (a positive cash flow means the amount of money you deposit into your account should be more than your outgoing transactions each month)

Tier 3: Earn 4.20% APY when you make a qualifying direct deposit of $500, maintain a positive cash flow, AND spend $500 monthly on an HMBradley Credit Card.

One downside to this account you won’t be able to deposit cash or deposit checks remotely. To add money to your account, you’ll have to initiate transfers from an external bank account.

How HMBradley Works

HMBradley is an online-only banking platform with a hybrid checking/savings account.

In September 2022, HMBradley announced that it would be launching a new deposit program with its new partner bank, New York Community Bank. HMBradley is now ready to accept new customers, so you see the platform’s products and services by signing up for an HMBradley Profile.

The HMBradley mobile app has 3.6 out of 5 stars in the Apple store and 3.1 out of 5 stars in …read more

Source:: Business Insider


HMBradley Review: Hybrid Checking/Savings Account With a Competitive Interest Rate

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