Disappointing changes to HM Bradley accounts

[summerterrace]

Just got notification that effective 2/1/22 the tiers will be changing for HM Bradley High Yield accounts.  

Right now, as long as you have a Direct Deposit each month and you save at least 5% of all deposits you can earn 3% APY for the quarter.

Beginning February 2022 you can only earn 3% if:

You have a HM Bradly credit card that pays 3% cash back on your biggest spending category and has an annual fee of $69

Spend at least $100 each month on the credit card

Direct deposit at least $2500

Save at least 20% of all deposits

Yikes!  Needless to say I will be moving on...

[bankjamie]

What are you going to be moving to? T-Mobile money?

[ghgirll40]

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@bankjamie wrote:

What are you going to be moving to? T-Mobile money?

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LOL!!! Its a bad time for savings account rates across the industry and I really believe it will pass but you must be patient is all. Best of luck!

[summerterrace]

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@ghgirll40 wrote:

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@bankjamie wrote:

What are you going to be moving to? T-Mobile money?

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LOL!!! Its a bad time for savings account rates across the industry and I really believe it will pass but you must be patient is all. Best of luck!

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Typical bait and switch of a start up bank offering great rates to attract people and then nerfing benefits.  I would rather move to bank that offers lower percentage that doesn't have gimmicks I have to keep track of.  

[CreditInspired]

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@summerterrace wrote:

Just got notification that effective 2/1/22 the tiers will be changing for HM Bradley High Yield accounts.  

Right now, as long as you have a Direct Deposit each month and you save at least 5% of all deposits you can earn 3% APY for the quarter.

Beginning February 2022 you can only earn 3% if:

You have a HM Bradly credit card that pays 3% cash back on your biggest spending category and has an annual fee of $69

Spend at least $100 each month on the credit card

Direct deposit at least $2500

Save at least 20% of all deposits

Yikes!  Needless to say I will be moving on...

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Is it all 3 monthly or at least 1 of the 3?

[summerterrace]

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@CreditInspired wrote:

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@summerterrace wrote:

Just got notification that effective 2/1/22 the tiers will be changing for HM Bradley High Yield accounts.  

Right now, as long as you have a Direct Deposit each month and you save at least 5% of all deposits you can earn 3% APY for the quarter.

Beginning February 2022 you can only earn 3% if:

You have a HM Bradly credit card that pays 3% cash back on your biggest spending category and has an annual fee of $69

Spend at least $100 each month on the credit card

Direct deposit at least $2500

Save at least 20% of all deposits

Yikes!  Needless to say I will be moving on...

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Is it all 3 monthly or at least 1 of the 3?

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It is all of the 3.