FOR IMMEDIATE RELEASE
Allows Members to Rebalance Accounts Whenever They Choose
New York, NY — July 30, 2015 — MaxMyInterest, an intelligent online cash management solution designed to help investors automatically maximize returns on bank deposits, has introduced its new Optimize-On-Demand feature. This enhancement allows Max members to instantly rebalance their bank accounts with a single click. Members can also preview transfers prior to initiating optimizations. Max continues to offer automatic monthly rebalancing to maximize investor returns but now offers the flexibility to initiate additional optimizations whenever members prefer.
MaxMyInterest is the first fintech solution to offer individual investors an automated “cash sweep” capability designed to maximize both FDIC insurance coverage and yields. Max members link their checking accounts from leading banks, including Bank of America, J.P. Morgan Chase, Citibank, and Wells Fargo, to higher-yielding online savings accounts at banks such as GE Capital Bank, Barclays, Ally Bank, American Express, and Capital One 360. Max then automatically adjusts fund allocations to maintain optimal yields amid rate fluctuations.
Currently, Max members earn an average yield of 0.99% on cash, significantly above the national savings average of 0.09% reported by Bankrate.com, and substantially more than typical money market funds. Additionally, Max helps clients enhance FDIC insurance coverage up to $5 million per couple.
“In response to valuable member feedback, we’ve introduced Optimize-On-Demand to provide greater flexibility,” said Gary Zimmerman, Founder and CEO of MaxMyInterest. “Now members have complete control over their cash optimizations, available at their fingertips from any mobile device.”
Investors can join Max via any computer, tablet, or mobile device. The website includes explanatory videos and an interactive calculator demonstrating potential earnings from automated cash optimization.
About MaxMyInterest
MaxMyInterest is an intelligent cash management platform enabling investors to significantly increase earnings on FDIC-insured deposits. Max’s proprietary technology continuously reallocates funds between clients’ existing checking accounts and higher-yielding online savings accounts, optimizing interest income and FDIC coverage while maintaining a designated checking account balance.
Americans currently have over $3 trillion in bank deposits and money market funds earning minimal returns. Max offers an automated solution enabling clients to earn billions more annually. Max never takes custody of client funds, and members retain their existing checking accounts for seamless banking services including direct deposits and bill payments.
Max is available directly to individuals at MaxMyInterest.com and can also be integrated into wealth management platforms, empowering banks, brokerage firms, registered investment advisors, and multi-family offices to deliver superior cash management solutions.
MaxMyInterest is a service provided by Six Trees Capital LLC, headquartered in New York City.
Media Relations Contact
Peter Mansfield
+1 (310) 245-9600
press@maxmyinterest.com