How does Savings Tier Protection work?

Savings Tier Protection means that when customers use their HMBradley Deposit Account with Hatch Bank to make payments on their HMBradley Credit Card, those payments will not be deducted from the Savings Rate calculation. For example, if total deposits in a quarter were $4,500, payments on the HMBradley Credit card were $1,000 in the quarter, and other withdrawals in the quarter were $3,000 (leaving a balance of $500), the Savings Rate would still be above 25% because the $1,000 that was paid on the credit card from the HMBradley Deposit Account with Hatch Bank is excluded from the amount of withdrawals.

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