Yes! Max is not a bank and never takes custody of your funds. Max simply helps you earn more interest on the cash in your existing bank accounts and any additional accounts that you may choose to open.

You can link your existing checking, savings, and brokerage accounts at thousands of financial institutions to a new Max Checking account which opens in as little as 60 seconds, or you may link Max directly to your existing checking account at 20 of the largest banks and brokerage firms in the country. Max then helps you earn higher yield by sweeping excess funds to savings accounts at leading FDIC-insured online banks including Barclays, Ally Bank, American Express, Marcus by Goldman Sachs, UFB Direct, Radius Bank, Sterling National Bank, and Comenity Direct. Many of the banks supported on the Max platform offer preferential rates, available exclusively through Max.

Link your existing brick-and-mortar checking/brokerage account or open a new Max Checking account in 60 seconds. Then add your choice of higher-yielding online savings accounts. It’s easy to open new accounts in just a minute or two using the Max Common Application. Tell Max how much to keep in checking and excess cash will automatically flow to savings, where you can earn more.

Download our Setup Guide for step-by-step instructions.

Max works quietly in the background, keeping an eye out for the best rates, and automatically moves your cash to your highest-yielding accounts each month so you can maximize your earnings, even as rates change. You can view your balances at any time, track the status of all transfers, and access your cash directly same-day since all funds remain in your own bank accounts.

We value your privacy and security and have gone to great lengths to protect your personal information and your accounts. Max encrypts all data, employs multi-factor authentication, and is tested regularly by experts in cybersecurity. Max never takes custody of your funds and Max does not sell your personal information to third parties. Learn more about our commitment to privacy and security.

Membership in Max costs just 0.02% per quarter, or $20 per $100,000 held in your savings accounts, subject to a minimum of $12 every 3 months. There are no other costs or fees. The preferential interest rates available exclusively through Max typically far outweigh Max’s nominal membership fee. That’s why many people call Max a “no brainer!”