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Has anyone heard of this new bank called HMBradley? 3% interest

#1
I first heard about it in this article: HMBradley – Start saving your way to 3% APY

This just sounds a little odd to me.  Thoughts?

Too good to be true?
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#2
If it is a new bank, they need deposits....I have 2% savings accounts so it is not that far off...
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