<bi-shortcode id="disclaimer" class="mceNonEditable" data-type="pfi"> </bi-shortcode><p><img src="https://static2.businessinsider.com/image/5e8b4aa7c0232044b565c3a2-2400/hmbradleys checking and savings 4x3.png" border="0" alt="HMBradley's checking and savings 4x3" data-mce-source="Alyssa Powell/Business Insider"></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul class="summary-list"><li><a href="https://www.hmbradley.com/" target="_blank" rel="noopener">HMBradley</a> (Member FDIC) is a hybrid savings and checking account that offers a competitive APY.</li><li>The account is ideal for people who save a large percentage of their deposits.</li><li>You can earn 0.50%, 1.00%, 2.00%, or 3.00% APY depending on the percentage you save.</li><li><a href="https://www.businessinsider.com/best-high-yield-savings-accounts-rates-right-now" target="_blank" rel="noopener" data-analytics-module="summary_bullets" data-analytics-post-depth="0">See Insider's picks for the best high-yield savings accounts </a></li></ul><bi-shortcode id="table-of-contents-sticky" class="mceNonEditable" data-type="h2">Table of Contents: Masthead Sticky</bi-shortcode><h2>Should you open an HMBradley account'</h2><table style="border-collapse: collapse; width: 100%;" border="1"><tbody><tr><td style="width: 50%;"><strong>You might like HMBradley if you ... </strong></td><td style="width: 50%;"><strong>You might not like HMBradley if you ...</strong></td></tr><tr><td style="width: 50%;"><ul><li>Are comfortable banking digitally</li><li>Want to keep your checking and savings in one account</li><li>Are looking for a high interest rate</li><li>Can save a large percentage of your deposits</li></ul></td><td style="width: 50%;"><ul><li>Aren't comfortable banking digitally</li><li>Want separate checking and savings accounts</li><li>Can't save at least 5% of your deposits</li><li>Plan to keep more than $100,000 in your account</li></ul></td></tr></tbody></table><aside class="quick-tip headline-regular"><p><strong>The bottom line:</strong> HMBradley is a great choice if you can save at least 5% of what you earn and are comfortable keeping your checking and savings all in one place.</p></aside><h2>HMBradley Account review</h2><bi-shortcode id="commerce-link" class="mceNonEditable" data-cardtype="credit-card" data-pid="6021a29b4aea0c0011f4cd59" data-type="undefined">Product Card 6021a29b4aea0c0011f4cd59</bi-shortcode><p>You may like HMBradley if you can save a decent amount of the money you deposit. You don't put the money into another savings account or savings bucket. Instead. HMBradley just monitors how much you deposit each quarter vs. how much you spend. It helps you keep track by displaying your percentage on your dashboard.</p><p>The more you save, the more you'll earn. Here are the savings tiers:</p><ul><li><strong>Tier 1:</strong> Earn 3.00% APY when you save at least 20% of your deposits</li><li><strong>Tier 2:</strong> Earn 2.00% APY when you save 15% to 19.99% of your deposits</li><li><strong>Tier 3:</strong> Earn 1.00% APY when you save 10% to 14.99% of your deposits</li><li><strong>Tier 4:</strong> Earn 0.50% APY when you save 5% to 9.99% of your deposits</li></ul><p><img src="https://static5.businessinsider.com/image/5e8ba090b3b09279ef262355-640/hmbradley review.png" border="0" alt="HMBradley review" width="712" height="444" style="display: block; margin-left: auto; margin-right: auto;" data-mce-source="HMBradley"></p><p>Even HMBradley's lowest tier (Tier 4) pays a high rate, comparable to or better than what some of the top high-yield savings accounts pay right now.</p><p>You won't earn any interest if you don't save at least 5% of your deposits, though. In this case, you may prefer to save with a company that pays the same interest rate no matter what.</p><h2>HMBradley account features</h2><p>HMBradley is an online banking platform with a hybrid checking/savings account. There are no physical branches, but you do have free access to over 55,000 ATMs nationwide.</p><p>HMBradley has a tiered interest rate system that rewards you for saving higher percentages of your deposits. You won't earn interest on balances over $100,000, though.</p><p>The HMBradley mobile app doesn't have many reviews yet. Of the existing online reviews, the app has 4.5 out of 5 stars in the Apple store and 3.7 out of 5 stars in the Google Play store.</p><p>You can chat live online with a customer support agent Monday through Friday, from 11:00 a.m. to 7:00 p.m. ET. Or send an email, and you should receive a response within 24 hours.</p><p>Your deposits are <a href="https://www.businessinsider.com/personal-finance/what-is-fdic-insurance" target="_blank" rel="noopener">FDIC insured</a> through HMBradley's partner bank, <a href="https://www.hatchbank.com/" target="_blank" rel="noopener">Hatch Bank</a>. Deposits are insured for up to $250,000, or $500,000 for joint accounts.</p><h2>Is HMBradley trustworthy'</h2><p>The Better Business Bureau gives HMBradley's partner bank, <a href="https://www.hatchbank.com/" target="_blank" rel="noopener">Hatch Bank</a>, an A- in trustworthiness. A good BBB rating signifies a company responds effectively to customer complaints, has honest advertising practices, and is transparent in how it handles business.</p><p>Hatch Bank doesn't have any recent public scandals. Between the good BBB score and strong public image, you may decide you're comfortable keeping your money with HMBradley.</p><h2>How does HMBradley compare to similar accounts'</h2><p>We're comparing HMBradley to two other banking platforms with hybrid checking/savings accounts: SoFi and One.</p><table style="border-collapse: collapse; width: 100%; height: 217px;" border="1"><tbody><tr style="height: 154px;"><td style="width: 33.3333%; height: 154px; text-align: center;"><img src="https://static5.businessinsider.com/image/5fa326d51df1d50018218f32-250/hmbradley-logo.png" border="0" alt="hmbradley logo" data-mce-source="HMBradley"></td><td style="width: 33.3333%; height: 154px; text-align: center;"><img src="https://static2.businessinsider.com/image/6022a077cca90200129b72dd-640/SoFi Logo.jpg" border="0" alt="SoFi Logo" data-mce-source="SoFi"></td><td style="width: 33.3333%; height: 154px; text-align: center;"><img src="https://static2.businessinsider.com/image/6022a1e4cca90200129b72e5-640/ONE Bank Logo.jpg" border="0" alt="One Bank Logo" data-mce-source="One"></td></tr><tr><td style="width: 33.3333%; text-align: center;"><p><strong>Standout feature</strong></p><p>High rates on balances up to $100,000</p></td><td style="width: 33.3333%; text-align: center;"><p><strong>Standout feature</strong></p><p>Cash back</p></td><td style="width: 33.3333%; text-align: center;"><p><strong>Standout feature</strong></p><p>Early direct deposit</p></td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px; text-align: center;"><p><strong>APY</strong></p><p><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="annual_percentage_yield_apy_display" data-customtext="" data-shouldlink="false" data-pid="6021a29b4aea0c0011f4cd59">Product Card 6021a29b4aea0c0011f4cd59</bi-inline-shortcode></p></td><td style="width: 33.3333%; height: 21px; text-align: center;"><p><strong>APY</strong></p><p><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="annual_percentage_yield_apy_display" data-customtext="" data-shouldlink="false" data-pid="5f3c4397243817088873cacb">Product Card 5f3c4397243817088873cacb</bi-inline-shortcode></p></td><td style="width: 33.3333%; height: 21px; text-align: center;"><p><strong>APY</strong></p><p><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="annual_percentage_yield_apy_display" data-customtext="" data-shouldlink="false" data-pid="5fa321491e1b3547c2544012">Product Card 5fa321491e1b3547c2544012</bi-inline-shortcode></p></td></tr><tr style="height: 21px;"><td style="width: 33.3333%; height: 21px; text-align: center;"><strong><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="brand,name" data-customtext="Open an account" data-shouldlink="true" data-pid="6021a29b4aea0c0011f4cd59">Product Card 6021a29b4aea0c0011f4cd59</bi-inline-shortcode></strong></td><td style="width: 33.3333%; height: 21px; text-align: center;"><strong><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="brand,name" data-customtext="Open an account" data-shouldlink="true" data-pid="5f3c4397243817088873cacb">Product Card 5f3c4397243817088873cacb</bi-inline-shortcode></strong></td><td style="width: 33.3333%; height: 21px; text-align: center;"><strong><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="brand,name" data-customtext="Open an account" data-shouldlink="true" data-pid="5fa321491e1b3547c2544012">Product Card 5fa321491e1b3547c2544012</bi-inline-shortcode></strong></td></tr></tbody></table><h3>HMBradley vs. SoFi Money</h3><p>Like HMBradley, <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="product_editorial_name" data-customtext="" data-shouldlink="true" data-pid="5f3c4397243817088873cacb">Product Card 5f3c4397243817088873cacb</bi-inline-shortcode> (Member FDIC) is a hybrid checking and savings account. Neither company requires an initial deposit or minimum balance, and neither charges fees.</p><bi-shortcode id="related-article-module" class="mceNonEditable" data-type="5f3c3e770ef1887e62199839" data-title="SoFi Money is a hybrid checking/savings account, but its checking features are what makes it stand out" data-url="https://www.businessinsider.com/personal-finance/sofi-money-review" data-thumbnail="https://i.insider.com/5f22dcacf0f41972b250034c" data-shortcode-display-text="Related Article Module: SoFi Money is a hybrid checking/savings account, but its checking features are what makes it stand out"> </bi-shortcode><p>You may prefer HMBradley if earning interest is your main priority. SoFi's highest rate is lower than what HMBradley pays, and unless you can deposit $500 per month, you'll earn just 0.01% APY. But if you can afford the $500 monthly deposits, you might like SoFi. These deposits qualify you to earn cash back with participating businesses.</p><h3>HMBradley vs. One</h3><p>Like HMBradley, the <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="product_editorial_name" data-customtext="" data-shouldlink="true" data-pid="5fa321491e1b3547c2544012">Product Card 5fa321491e1b3547c2544012</bi-inline-shortcode> pays a tiered interest rate. Your preference to the two will probably depend on which company's savings structure appeals to you more.</p><bi-shortcode id="related-article-module" class="mceNonEditable" data-type="5f91f279d67e121a722e27e1" data-title="One review: Keep your checking and savings in the same account and earn a high APY on your savings" data-url="https://www.businessinsider.com/personal-finance/one-finance-review" data-thumbnail="https://i.insider.com/5f91f33521211300187404df" data-shortcode-display-text="Related Article Module: One review: Keep your checking and savings in the same account and earn a high APY on your savings"> </bi-shortcode><p>One is a checking account that lets you put money in separate savings pockets, which could be useful if you like to keep your spending and savings money separate. One's rates are competitive with HMBradley's rates, but you'll only earn interest on balances up to $5,000 in your Save Pocket. And you can only contribute up to $1,000 per month to your Auto-Save Pocket, where it earns even more. So the account that will pay you the most interest will depend on how much you earn and how much you can save.</p><p>You may also prefer One if you want to receive your paychecks sooner. You can receive direct deposits up to two days early with One.</p><p><em>Laura Grace Tarpley is the associate editor of banking and mortgages at Personal Finance Insider, covering mortgages, refinancing, bank accounts, and bank reviews. She is also a Certified Educator in Personal Finance (CEPF). Over her four years of covering personal finance, she has written extensively about ways to save, invest, and navigate loans.</em></p><ul class="read-more-links"><li><bi-shortcode id="related-product-module" class="mceNonEditable" data-type="related-products-deposit" data-sheetname="Related Product Deposit">Related Product Module: Related Product Deposit</bi-shortcode><bi-shortcode id="related-content-module" class="mceNonEditable" data-type="more-savings-coverage" data-sheetname="More Savings Coverage">Related Content Module: More Savings Coverage</bi-shortcode></li></ul><p><a href="https://www.businessinsider.com/personal-finance/hmbradley-checking-savings-account-review#comments">Join the conversation about this story »</a></p>
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