FOR IMMEDIATE RELEASE
Max Checking integrates with Max’s patented intelligent cash management solution to help more American households earn higher yields on cash, regardless of where they bank or invest
New York, NY and Boston, MA — September 26, 2019 — MaxMyInterest (“Max”), an intelligent cash management platform for individual investors and financial advisors, has expanded its relationship with Radius Bank, a leading digital bank, to launch Max Checking, a premium checking account offering preferred rates and features designed to help all Americans earn more on their cash.
Max Checking combines a no-fee, high-interest checking account powered by Radius Bank with Max’s patented intelligent cash management solution, automatically providing customers with the highest yields on FDIC-insured savings accounts. Customers can earn up to 2.28% annual percentage yield (APY)—over 22 times the national savings average.[1] Max ensures funds remain FDIC-insured by allocating cash across multiple FDIC-insured accounts, covering up to $2 million per individual or $8 million per couple.
“With Max Checking, every American household now has access to superior savings rates, regardless of where they bank or invest,” said Gary E. Zimmerman, CEO of MaxMyInterest.
Existing and new Max members can link their checking, savings, and brokerage accounts nationwide to Max Checking, opening an account in as little as 60 seconds via Max’s patent-pending Max Common Application technology. Max’s intelligent cash management software then automatically allocates excess cash among up to eight high-yielding online savings accounts, continually monitoring and adjusting allocations to maximize returns.
The Max Checking account features mobile banking, a global no-fee ATM debit card,[2] and 1.00% APY[3] on checking balances, without minimum balance requirements or monthly fees. Max members maintaining certain balances in their Max Checking account are eligible for rebates on their Max membership fee.
“Following our success with Radius Max Savings, we were excited to continue our collaboration and offer Max members a premium checking account,” said Radius Bank President and CEO Mike Butler. “This enables depositors and advisors to manage savings and checking needs seamlessly.”
“Radius Bank’s innovative culture and top-tier customer service make them an ideal partner,” Zimmerman added. “Max Checking enhances our comprehensive cash management solution, helping individuals, advisors, and partners optimize cash holdings.”
Financial advisors from over 750 wealth management firms nationwide have enrolled in Max, offering a client-first cash solution free from conflicts of interest. Max maintains stringent privacy and security standards, does not sell customer data, and accepts no advertising, referral fees, or payments from banks for deposits.
For more information or to open an account, visit MaxMyInterest.com and select “Max Checking” during enrollment.
About Radius Bank
Radius Bank, a forward-thinking digital bank with approximately $1.4 billion in assets, provides comprehensive banking solutions nationwide, blending fintech technology with personalized service. Radius offers award-winning digital banking services, advanced treasury management, and a robust banking-as-a-service (BaaS) platform. 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 intelligent cash management solutions enabling individuals and advisors to achieve significantly higher yields on FDIC-insured cash. Max members earn up to 2.28% APY, compared to the national savings average of 0.10%. Learn more:
- Individuals: MaxMyInterest.com
- Advisors: MaxForAdvisors.com
- Banks: MaxForBanks.com