Savers' Rewards

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dealmaker

Savers' Rewards


A new online bank called HMBradley will reward its customers for good saving behavior, giving them an interest rate of 3% if they save a fifth of their income each month. CEO Zach Bruhnke: "Every challenger bank is the same and offer similar hooks like 'get paid early' or 'don’t pay a fee.' They're all focused on getting you to swipe your debit card, while we're after people who want to save." Fortune
 
dealmaker said:
Savers' Rewards


A new online bank called HMBradley will reward its customers for good saving behavior, giving them an interest rate of 3% if they save a fifth of their income each month. CEO Zach Bruhnke: "Every challenger bank is the same and offer similar hooks like 'get paid early' or 'don’t pay a fee.' They're all focused on getting you to swipe your debit card, while we're after people who want to save." Fortune
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An "online bank"? Never heard of it. Do they offer FDIC protection, and do they have zero-fee ATMs? I mean, do they even have cash on hand?
 
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