FOR IMMEDIATE RELEASE
New technology enables high net worth households to open high-yield savings accounts at Radius Bank in less than one minute
Boston, MA and New York, NY — November 15, 2018 — Radius Bank, an industry-leading virtual bank, today announced a nationwide partnership with MaxMyInterest (“Max”), an intelligent cash management platform for individual investors and financial advisors. Through this partnership, Radius Bank and Max are pioneering rapid account-opening technology, enabling Max members to open and begin funding a high-interest savings account in less than one minute. The Radius Max Savings account currently earns 2.06% APY[1] and is offered exclusively on the Max platform, demonstrating Radius Bank’s ongoing commitment to innovative digital banking products.
Max helps high net worth depositors automatically distribute cash among multiple accounts to achieve competitive yields, greater FDIC coverage, simplified transfers, and consolidated tax reporting.
“We’re excited to collaborate with a forward-thinking FinTech company sharing our commitment to superior customer experiences,” said Mike Butler, President and CEO of Radius Bank. “The Radius Max Savings account on the MaxMyInterest platform significantly enhances our clients’ banking experience, addressing increasing consumer demand for digital banking solutions and competitive interest rates.”
“Working closely with Radius Bank, we’ve streamlined account opening to under a minute using our patent-pending Max Common Application technology,” said Max Founder and CEO Gary Zimmerman. “This collaboration enables Max members to earn higher yields effortlessly, without changing banks.”
Max members can now quickly open a new Radius Bank FDIC-insured savings account, linking it to their existing checking or brokerage accounts in as little as 60 seconds. Financial advisors can gain client-account visibility with one click. Visit MaxMyInterest.com for more information.
MaxMyInterest and Max are trademarks of Six Trees Capital LLC.
About Radius Bank
Radius Bank, with approximately $1.2 billion in assets, is a digital-focused community bank offering advanced personal and business financial services. Radius’s award-winning virtual platform supports personal banking features like mobile deposit, bill pay, and P2P payments, alongside comprehensive business treasury management solutions. Radius Bank is FDIC-insured and an Equal Housing/Equal Opportunity Lender. Visit radiusbank.com for more information.
About MaxMyInterest
MaxMyInterest (“Max”), a service of Six Trees Capital LLC, provides tools enabling individuals and financial advisors to earn significantly higher yields on FDIC-insured cash. Max members can currently earn up to 2.06% APY, compared to the national savings average of 0.09%.
Learn more:
- Self-directed investors: MaxMyInterest.com
- Financial advisors: MaxForAdvisors.com
Media Contacts
Radius Bank
Emily Burns, Matter
+1 (617) 874-5820
radius@matternow.com
MaxMyInterest
Abbie Sheridan, FiComm Partners
+1 (917) 636-4803
abbie.sheridan@ficommpartners.com
[1] Annual Percentage Yield (APY) accurate as of 11/14/2018. Minimum amount to open Radius Max Savings is $1.00. 0.00% APY applies to balances of $0.01-$9.99; 2.06% APY applies to balances of $10.00 or more. Rates subject to change; fees may reduce earnings. FDIC-insured up to at least $250,000 per depositor.