FOR IMMEDIATE RELEASE
Radius Bank Partners with MaxMyInterest to Offer Ultra-Fast Account Opening and Premium Interest Rates
New technology enables high net worth households to open high-yield savings accounts at Radius Bank in less than one minute
Boston, MA and New York, NY — November 15, 2018 — Radius Bank, an industry-leading virtual bank, today announced its nationwide partnership with MaxMyInterest (Max), an intelligent cash management platform for individual investors and financial advisors. With this partnership, Radius Bank is joining Max in pioneering an industry-leading rapid account-opening technology that lets Max members open and begin funding a high-interest savings account in less than one minute. The account, Radius Max Savings, currently earns 2.06% APY1 and is offered exclusively on the Max platform. This collaboration further demonstrates Radius’ commitment to work with innovative FinTech companies to provide clients with a best-in-class digital banking product.
Max helps high net worth depositors seamlessly and automatically distribute cash balances among multiple bank accounts. With Max, clients can earn more on their deposits through highly competitive yields while simultaneously benefitting from greater aggregate FDIC insurance coverage, one-click funds transfers, and consolidated tax reporting.
“We are very excited to collaborate with a forward-thinking FinTech company that shares our passion for providing a superior customer experience,” said Mike Butler, President and CEO of Radius Bank. “From quickly opening an account to maximizing their return on deposit balances, the Radius Max Savings account on the MaxMyInterest platform is a big step forward in enhancing the banking experience for our clients. As more consumers continue to seek digital banking options while also keeping a closer eye on interest rates, our partnership with Max is an industry differentiator.”
“Working closely with Radius Bank, an innovator in online banking, we have streamlined the account opening process to less than one minute,” said Max Founder and CEO Gary Zimmerman. “As a result of this collaboration, which leverages our patent-pending Max Common Application technology, Max members can now earn higher yield on their cash in just a few clicks, without switching banks.”
As part of this new relationship, Max members are now able to open a new Radius Bank FDIC-insured savings account and automatically link it to their existing checking or brokerage account in as little as 60 seconds. Individuals can also give their financial advisors visibility over their accounts with one click. For more information or to open an account, visit MaxMyInterest.com.
MaxMyInterest and Max are trademarks of Six Trees Capital LLC.
About Radius Bank
With assets of approximately $1.2 billion, Radius Bank is a forward-thinking community bank offering a full complement of leading-edge personal and business products and services. The Bank serves consumers, small and middle market businesses, unions, government entities and non-profit organizations as its core clients. The Bank’s award-winning virtual banking platform allows clients to bank from anywhere with a computer or mobile device. Convenient features like check deposit, bill pay, person-to-person (P2P) payments and card management are all available to personal clients, with advanced treasury management and loan payments solutions available for business clients. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank’s website at www.radiusbank.com, or follow the Bank on Twitter, LinkedIn, Facebook, and Instagram.
MaxMyInterest (“Max”), a service of Six Trees Capital LLC, offers a suite of tools for individuals and financial advisors that enable individual investors to earn dramatically higher yields on cash. Max automatically works to help ensure deposits earn the highest yield possible while remaining FDIC-insured. Today, Max members can earn up to 2.06% on FDIC-insured cash, compared to the national savings average of 0.09%. Learn more about Max’s solutions for self-directed investors at MaxMyInterest.com or for financial advisors at MaxForAdvisors.com.
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1 Annual Percentage Yield (APY) accurate as of 11/14/2018. Minimum amount to open a Radius Max Savings account is $1.00. Rate tiers are as follows: 0.00% APY applies to balances of $0.01-$9.99, 2.06% APY applies to the entire balance on balances of $10.00 or more. Rates may change after account is opened. Fees may reduce earnings. FDIC-insured up to at least $250,000 per depositor.