FOR IMMEDIATE RELEASE
MaxMyInterest Partners with Questis to Offer Cash Optimization as an Employee Benefit
Allows Companies to Help Employees Earn More on Cash in the Bank
New York, NY, August 20, 2015 — MaxMyInterest, an intelligent online cash management solution that helps investors automatically maximize the interest they earn on their bank deposits, has partnered with Questis, which provides financial coaching for corporate employees, to provide cash-optimization services to the workforces of Questis customers.
“Cash represents a substantial portion of investor portfolios,” said Gary Zimmerman, Founder and CEO of MaxMyInterest. “Through our partnership with Questis, leading employers will be able to help their employees make the most of this often-overlooked asset class.” Most Max members today are earning more than 1.00% on their cash, held in their own FDIC-insured bank accounts. This compares favorably to the national savings average of just 0.09%.
More information can be found by visiting the Questis website at www.MyQuestis.com.
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 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, to employees and employers via employee benefits providers such as MyQuestis.com, and can also be integrated into wealth management platforms, so that banks, brokerage firms, registered investment advisors and multi-family offices can deliver better cash solutions to their clients.
Max is a service of New York City-based Six Trees Capital LLC.
Questis is a financial coaching solution that uses certified planners and next generation software to help employees. It’s unlimited, unbiased, practical and actionable. And it’s much more than just managing a company’s employees’ 401(k). Based in Charleston, S.C., Questis lets employers keep their employees motivated by reducing their financial stress. Visit www.MyQuestis.com to learn more.
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