FOR IMMEDIATE RELEASE
MaxMyInterest Launches “Common Application” for Opening Online Savings Accounts
Helps Clients Open Multiple Bank Accounts with a Single Form
New York, NY, November 18, 2015 — MaxMyInterest, a cloud-based service that helps individual investors earn dramatically more on their cash in the bank while maximizing their federal deposit-insurance coverage, announced that it has launched the “Max Common Application” to help its members open multiple online-savings accounts at the same time.
Drawing inspiration from The Common Application, which forever changed the process of applying to college, the Max Common Application℠ makes it much easier for individual investors to avail themselves of the benefits of Max. For the first time, Max members will be able to apply for multiple online savings accounts by completing a single form, dramatically reducing the amount of time it takes to get started earning more via Max.
“With the Max Common Application, our members can get started in under 10 minutes,” said Gary E. Zimmerman, Founder and CEO. “Financial advisors can also help their clients get set up, based on the information that they already have in their CRM systems.”
Most Max members are earning more than 1.00% on cash optimized via their savings accounts, compared to a national average of 0.09%. Via Max, individuals can avail themselves of up to $1.25 million of FDIC insurance coverage, and couples can obtain up to $5 million of deposit insurance.
Max is not a bank, never takes custody of funds, and operates independent of the banks. All cash remains in our members’ own bank accounts, to which they retain full access. With Max, cash is automatically spread among these accounts to maximize yield and FDIC insurance, even as interest rates change, and can be moved between checking and savings with a single click or tap on any computer or mobile device. Come tax time, members can elect to receive all of their 1099-INT forms via a single PDF via Max’s Consolidated Tax Reporting℠ feature.
MaxMyInterest is an intelligent cash management solution that helps individual investors earn more on FDIC-insured bank deposits. Max’s patent-pending cash sweep technology monitors interest rates and automatically reallocates funds among a client’s existing checking account and higher yielding online savings accounts to maximize interest income and FDIC insurance coverage while maintaining a desired checking account balance.
Americans, who are currently sitting on more than $3 trillion in bank deposits and money market funds, could be earning billions more in interest each year via Max, automatically. Max is not a bank, is not affiliated with any bank, and never takes custody of client funds. Members keep their existing checking accounts, so direct deposit, bill pay, and access to tellers and notaries remain unchanged. Max is available direct to individuals via MaxMyInterest.com, via financial advisors, registered investment advisors (RIAs) and family offices, and to employees and employers via employee benefits providers such as MyQuestis.com.
Based in New York City, Max is a service of Six Trees Capital LLC.
Media Relations Contact:
Andrew Hoffman, Zito Partners
+1 (908) 546-7447