FOR IMMEDIATE RELEASE
Helps Clients Open Multiple Bank Accounts with a Single Form
New York, NY — November 18, 2015 — MaxMyInterest, a cloud-based solution designed to help individual investors significantly enhance returns on cash deposits while maximizing FDIC insurance coverage, today announced the launch of the “Max Common Application,” enabling members to open multiple online savings accounts simultaneously using a single application.
Inspired by The Common Application that transformed college admissions, the Max Common Application significantly simplifies the process for investors seeking to optimize their cash returns through Max. Members can now apply to multiple online savings accounts through one streamlined form, greatly reducing setup time.
“With the Max Common Application, our members can now get started in under 10 minutes,” said Gary E. Zimmerman, Founder and CEO of MaxMyInterest. “Financial advisors can also leverage existing client data in their CRM systems to facilitate account setup for clients quickly and efficiently.”
Most Max members earn more than 1.00% on optimized cash savings, compared to a national average of just 0.09%. Max enables individuals to access up to $1.25 million in FDIC insurance coverage, while couples can secure up to $5 million in coverage.
Max is not a bank, does not take custody of funds, and operates independently of any bank. All member cash remains fully accessible within their own bank accounts. Max automatically distributes cash across these accounts to maximize interest rates and FDIC insurance coverage as rates fluctuate. Members can seamlessly move cash between checking and savings accounts with a simple click or tap from any device. Additionally, Max offers a Consolidated Tax Reporting feature, allowing members to receive a single PDF containing all 1099-INT forms for simplified tax preparation.
About MaxMyInterest
MaxMyInterest is an intelligent cash management platform that helps individual investors earn higher returns on FDIC-insured bank deposits. Max’s proprietary cash sweep technology continually reallocates funds between existing checking accounts and higher-yielding online savings accounts, optimizing interest earnings and FDIC coverage.
With more than $3 trillion in American bank deposits and money market funds potentially underperforming, Max offers a powerful automated solution to enhance returns. Max does not take custody of client funds; members retain existing checking accounts for direct deposits, bill payments, and other banking services.
Max is directly available to individuals through MaxMyInterest.com, financial advisors, registered investment advisors (RIAs), family offices, and employee benefit platforms such as MyQuestis.com.
Based in New York City, Max is provided by Six Trees Capital LLC.
Media Relations Contact
Andrew Hoffman, Zito Partners
+1 (908) 546-7447
andrew@zitopartners.com