Yes. Max is not a bank and is not affiliated with any bank. Max simply helps you earn more interest via your existing bank account and additional accounts that you may choose to open.

Max is currently compatible with checking accounts at some of the leading banks and brokerage firms in America — including Bank of America, JPMorgan/Chase, Citibank, Wells Fargo, Fidelity, Charles Schwab Bank, First Republic Bank, TD Bank, PNC Bank, Capital One, SunTrust, US Bank, and USAA — as well as 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.

To sign up for Max, link your brick-and-mortar checking/brokerage account and online savings accounts to one another, and then to Max. If you don’t already have online savings accounts, it’s easy to open new accounts using the Max Common Application. Once your accounts are linked, Max does the rest.

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 reallocating your cash among your own accounts as rates change. You can view your balances at any time, track the status of each optimization, and access your cash directly – these are, after all, your own bank accounts.

Max never takes custody of your funds. Read about the extensive measures we’ve taken to protect your privacy and the security of your accounts.

Max charges 0.02% per quarter on the cash being optimized, for a total of 0.08% per year.