FOR IMMEDIATE RELEASE
Comprehensive Offering Now Maximizes FDIC Insurance, Provides Competitive Yield for Individual and Commercial Accounts
Delafield, WI and New York, NY — October 15, 2015 — The American Deposit Management Co. (ADM), a leading provider of cash management solutions for treasury professionals, and MaxMyInterest (Max), an online service helping individual investors optimize cash returns and FDIC insurance coverage, have formed a partnership to serve a diverse range of accounts, from individuals to large commercial and trust accounts.
Through Max, individual investors can boost yields on their cash holdings while maximizing FDIC insurance. ADM enables corporations, trusts, and public entities to spread cash across multiple institutions, enhancing FDIC coverage and yields.
“As innovators in corporate cash management, we’re always seeking better ways to serve our clients,” said Kelly A. Brown, Co-Managing Partner at ADM. “Max offers an ideal solution for individual investors, aligning with ADM’s commitment to maximizing yield and FDIC protection.”
“We’re thrilled about this partnership with ADM,” said Gary E. Zimmerman, Founder and CEO of MaxMyInterest. “Our clients often express interest in extending Max’s cash optimization benefits to their affiliated institutions. This collaboration allows us to provide a comprehensive cash management solution for both individuals and businesses.”
About American Deposit Management
ADM’s American Money Market Account (AMMA™) provides commercial, governmental, institutional, and trust clients with expanded FDIC and NCUA insurance coverage. Deposits are placed into ADM’s network of carefully selected financial institutions, offering superior stability and ratings. AMMA™ simplifies collateral management, repurchase agreements, and multiple account management. Clients receive monthly e-statements detailing transactions and interest earned.
Accounts are FDIC-insured up to $40 million per tax ID, offer daily interest accrual, monthly posting, and allow bi-weekly withdrawals. ADM’s competitive yields compare favorably with CDs, money market funds, and Treasury instruments. ADM serves leading corporations, municipalities, universities, nonprofits, and legal industry experts.
ADM, a registered municipal advisor, maintains offices in Scottsdale, AZ, Dallas, TX, and is headquartered in Delafield, WI.
About MaxMyInterest
MaxMyInterest is an intelligent cash management platform enabling investors to achieve significantly higher returns on FDIC-insured deposits. Max’s proprietary technology continuously monitors rates and reallocates cash across existing checking and high-yield savings accounts, maximizing returns and FDIC coverage while maintaining liquidity.
Most Max members currently earn over 1.00% on optimized cash balances compared to a national average of 0.10%. Individual members gain up to $1.25 million in FDIC coverage, while couples can achieve up to $5 million.
Max operates independently, never taking custody of funds. Clients maintain their existing checking accounts for seamless bill pay and banking services. The Max platform is available directly to individuals, financial advisors, RIAs, family offices, and through employee benefit programs.
Headquartered in New York City, MaxMyInterest is operated by Six Trees Capital LLC.
Media Relations Contacts
For ADM:
Kelly A. Brown
+1 (414) 961-6601
Kelly.Brown@americandeposits.com
For Max:
Peter Mansfield
+1 (310) 245-9600
press@maxmyinterest.com