You may be frustrated by the persistently-low rates offered on most savings accounts and other cash equivalents, such as CDs and money market funds. Max offers a compelling solution to enhance yield by up to 10x.
Benefits of Using Max
Those who hold more than $250,000 of cash will benefit most from Max. Not only does Max help clients earn higher yield on cash, but Max also helps spread funds across multiple banks, to maximize FDIC insurance coverage. Highly compensated individuals with variable incomes – those who receive large bonuses or commissions, or who receive partnership distributions – tend to be good candidates for Max. In addition to earning higher yields and obtaining more FDIC coverage, they also benefit from Max’s automatic cash sweep feature. Clients set a target checking account balance, and Max helps move excess funds to savings, or replenishes checking accounts to this target level as part of its monthly optimization.
It’s Not a Mirage.Are you earning 2.46% on emergency funds or other cash that’s held outside the brokerage account? The top rate on the Max platform is now 2.46% for fully liquid, 100% FDIC-insured deposits, with no minimums or rate tiers. This is better than the highest advertised rate in the U.S. Max offers an advisor-centric way for your clients to take advantage of high yields from online banks. It is easy for you to invite clients and Max gives clients a set-it-and-forget it option that automatically reallocates their cash as rates change, so that it’s always earning the highest yield.
Other clients may respond to how Max helps keep cash safe, via broader FDIC insurance coverage. The Max dashboard enables you to view real-time balances at all of the banks they have linked to the Max platform. It also enables you to transfer funds from checking to savings, or savings to checking with the click of a button. At tax time, you can receive an email with a password protected PDF that contains your 1099-INT statement for all linked accounts. Learn More:
Integrate with rebel Financial
The greatest impediment to clients earning higher returns on cash has been the perceived time and effort involved in opening new accounts. So we set out to eliminate that friction to make it easier for your clients to start earning more. With Max, it’s now possible to open and begin funding a new high-yield savings account in as little as 60 seconds. rebel Financial offers an integration with Max My Interest to allow our clients have a financial advisor’s approach to their Max accounts.
After you click the “Get Started” button, create an account on the rebel Max My Interest page.
Click the “Join Max” button and create an account login.
Fill out your profile. If you wish to use rebel Financial in integration with your accounts, check the box “I would like to give my financial advisor read-only access to my account balances.”
To add rebel Financial as your advisor for your accounts, the following information is required.
Advisor Name: Phil Ratcliff
Advisor Email: firstname.lastname@example.org