HMBradley is live

HMBradley , the banking startup backed by PayPal cofounder Max Levchin, has officially launched its digital banking platform “built to reward savers.”

HMBradley pays one of the industry’s highest interest rates, currently up to 3% APY, on account balances up to $100,000. Account Holders qualify by receiving at least one direct deposit each month and saving at least 5% of their deposits. All HMBradley deposit accounts are opened at Hatch Bank, Member FDIC. Account holders enjoy access to over 55,000 fee-free ATMs nationwide, mobile check deposit, and 24/7 support.

Aside from what is currently offered, the banking startup is announcing new features down the road. To help customers achieve their goals, HMBradley created Plans, a feature that will allow account holders to establish goals and track their spending, along with One-Click Credit, a feature that will HMBradley to periodically deliver pre-qualified credit offers to customers. Customers will know the exact terms of the credit offers upfront and can claim them with just a simple click.

“We are so excited to open our virtual doors and welcome people from all income brackets as we introduce a new way to bank. We want to empower and protect every consumer financially to show them that a bank can be on their side, regardless of how much money they make.” – Zach Bruhnke, cofounder and CEO of HMBradley.