How does Max work?

Modified on Wed, May 28 at 12:05 PM

Max is an intelligent cash management service designed to help you earn higher yields without sacrificing safety or liquidity. With Max, you can earn more while maintaining direct access to your cash in your own FDIC-insured bank accounts, titled directly in your own name.

What does Max do?

Our patented approach to cash management helps you easily open high-yield savings accounts with trusted banks and optimally distribute funds according to current interest rates and FDIC insurance limits.

On a monthly basis, Max helps you optimally allocate your cash to maximize interest, so that you always earn the highest yield even as rates change. We call this process an “Optimization.”

During an optimization, funds are allocated to your highest-yielding account, up to the FDIC insurance limit, and then to the next highest-yielding account, until all funds are allocated. By helping you optimally allocate your cash across multiple high-yield savings accounts, Max helps ensure market-leading returns and increased FDIC insurance coverage.

How do I manage my accounts?

Max provides a single dashboard where you can view balances, schedule transfers, track performance, and access tax forms all in one place. You also retain full control over each account individually, so you can move, deposit, or withdraw money directly with your banks as needed.

How much can I earn?

According to our Impact Study, Max outperformed the leading online banks by 93 basis points (0.93%) in 2024. As of 12/31/2024, Max was beating the online banks by 54 basis points (0.54%) and exceeding the FDIC’s national savings average by a staggering 399 basis points (3.99%). Max’s outperformance can be attributed to a combination of preferential rates offered exclusively to Max members and the incremental yield generated by active rate following / optimization of accounts.