Max has partnered with The American Deposit Management Co. (ADM), a leading provider of proprietary cash management solutions for Treasury Professionals in both the public and private sectors. ADM clients include top U.S. corporations, municipalities, universities, public funds, non-profits and legal industry experts.
Access through ADM’s exclusive network of pre-screened financial institutions gives you up to $50 million of FDIC/NCUA deposit insurance. With twice per week withdrawals, American Money Market Accounts (AMMA™) give you the flexibility needed to manage your cash. All deposits are fully insured by the FDIC/NCUA, which allow for the full faith and credit of the U.S. Government. In-network financial institutions meet ADM’s premium standards of stability and rating.
Using AMMA™ relieves the burden of tracking collateral, negotiating repurchase agreements and managing multiple bank account relationships. You will receive one easy-to-read monthly eStatement that includes your deposit and withdrawal activity, interest earned, and a detailed listing of your deposits at each network financial institution.
In addition, AMMA offers:
AMMA™ offers a highly competitive rate of return when compared to: Certificates of Deposit, Commercial Paper, Money Market Mutual Funds and U.S. Agencies and Treasuries.
Max members currently enjoy a preferred yield of 1.21% on balances up to $3 million, 1.10% on balances from $3 to $15 million, and 1.00% on balances from $15 to $50 million.
AMMA™ is a service of American Deposit Management, LLC, 505 Wells Street, Delafield, WI 53018. Max is not responsible or liable for the availability, accuracy, appropriateness or suitability of ADM, or the content, products, or services available from ADM. You are solely responsibility for and assume all risk arising from your use of ADM’s websites, services, resources and offers.