Hatch Bank Deposit Account Savings Tiers Terms and Current APYs

Savings Tiers are the way we reward our customers for saving. Eligible customers with HMBradley Deposit Accounts with Hatch Bank can earn the following annual percentage yields (APYs) associated with their Savings Tiers in accordance with the Deposit Account Agreement.

NEW Savings Tier APYs effective as of October 14, 2022:

Tier 1: 0.01% APY
Tier 2: 0.01% APY
Tier 3: 0.01% APY
Tier 4: 0.01% APY

(All deposit accounts at Hatch Bank will be closed after October 31, 2022.)

Savings Tier APYs effective February 1, 2022 - October 13, 2022:

Tier 1: 1.00% APY
Tier 2: 0.50% APY
Tier 3: 0.25% APY
Tier 4: 0.125% APY

Interest rates and APYs may change any time after the account is opened. We do not pay interest on account balances above $100,000. New accounts with confirmed direct deposit will start at Savings Tier 3. For an example of how Savings Tiers can work, please read our blog post Savings Tiers: Explained.

Direct Deposit Requirement:

You must have at least one qualifying direct deposit each calendar month to be eligible for a Savings Tier.

Savings Rate Calculation and Corresponding Savings Tiers:

See Article II, Section 4 of the Deposit Account Agreement to see how we determine your Savings Tier.