Keeping cash safe is important. Max makes it easy by helping spread your cash across multiple accounts, keeping your balances below the FDIC-insurance limits. Check your balances at any time, all on one screen.Are you earning the highest rates?
Your cash in the bank isn’t earning very much. Max helps sweep your excess cash to FDIC-insured online savings accounts that offer higher rates than traditional brick-and-mortar banks or money market funds.What happens when rates change? Is your cash fully insured?
The interest rate that looks appealing today might be less attractive in 3 months. Max monitors interest rates daily and as rates change helps your funds move to your higher-yielding accounts via automated monthly optimization.Can I keep my existing checking account? Are you earning the highest rates?
Max makes online banking as easy as “checking” and “savings.” Keep your existing checking account and Max sweeps excess cash to online savings each month. If checking falls below your target balance, Max’s monthly optimization will bring money back to checking, automatically.Need money sooner? What happens when rates change?
You can use Max’s Intelligent Funds Transfer℠ to easily move cash between savings and checking with just one click or tap. If you’re moving funds to savings they’ll be added to your highest-yielding account(s). If you’re moving funds to checking, they’ll be pulled from your lowest-yielding savings account(s). Max is smart, just like you.Earn more with Max! Can I keep my existing checking account?
Online banks have lower operating costs, and they pass on these savings to depositors in the form of higher rates. Max intelligently optimizes your balances each month in search of the best prevailing rates. Max members typically can earn 0.70% to 0.90% more than they currently do at traditional “brick-and-mortar” banks.
The Max Average is the weighted average interest rate currently being earned by Max members in their linked savings accounts. The National Average Interest Rate is the average interest rate offered by Savings and Money Market accounts in the U.S. Source: Bankrate.com.
Our one-page setup guide will help you or your personal assistant through the process.Download Setup Guide
Send your banker, broker or wealth manager more information so they can see how Max can help you.Tell Your Financial Advisor
Yes. Max is not a bank and is not affiliated with any bank. Max simply helps you earn more interest via your existing bank account and additional accounts that you may choose to open.
Max is currently compatible with checking accounts at some of the leading banks and brokerage firms in America — including Bank of America, JPMorgan/Chase, Citibank, Wells Fargo, Fidelity, Charles Schwab Bank, First Republic Bank, TD Bank, USAA, and US Bank — as well as savings accounts at leading FDIC-insured online banks including Barclays, GS Bank, American Express Personal Savings, Ally Bank and Capital One (formerly ING Direct).
To sign up for Max, link your brick-and-mortar checking/brokerage account and online savings accounts to one another, and then to Max. If you don’t already have online savings accounts, it’s easy to open new accounts using the Max Common Application. Once your accounts are linked, Max does the rest.
Download our Setup Guide for step-by-step instructions.
Max works quietly in the background, keeping an eye out for the best rates and automatically reallocating your cash among your own accounts as rates change. You can view your balances at any time, track the status of each optimization, and access your cash directly – these are, after all, your own bank accounts.
Max never takes custody of your funds. Read about the extensive measures we’ve taken to protect your privacy and the security of your accounts.
Max charges 0.02% per quarter on the cash being optimized, for a total of 0.08% per year.
Don’t see your question answered? Check out our FAQ or contact us.