Wealthy households keep 27% of assets in cash. A new checking account aims to help make the most of that.
It works to regularly monitor interest and automatically reallocate your cash so that you're always earning the most interest possible, according to MaxMyInterest CEO Gary Zimmerman. Today, that's as much as 2.28% APY.
"Max sort of functions like an air traffic control tower looking over your bank accounts and monitoring rates and telling your banks when to send money between one another," Zimmerman said. With Max Checking, the company can now link to any combination of checking, savings and brokerage accounts.
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