Digital Banking > Best Digital Bank
Radius Bank (“Radius”), an industry-leading digital bank, has partnered with intelligent cash management platform MaxMyInterest (“Max”) to deliver Max Checking, a premium checking account that integrates seamlessly into Max’s patented cash optimization platform.
Max Checking offers the industry’s fastest account opening, preferential rates and premium features, and is designed to help every American earn more on their cash, regardless of where they bank or invest.
Max Checking automatically taps into a network of higher-yielding online savings accounts to provide customers with an attractive checking account and preferential rates on FDIC-insured savings accounts.
Customers can link their existing checking, savings, and brokerage accounts at thousands of financial institutions nationwide to a Max Checking account that opens in ~60 seconds. Clients specify how much money to keep in checking, and Max automatically allocates excess cash to the customer’s choice of up to eight of the highest-yielding online savings accounts in the country. Max then monitors interest rates daily and automatically reallocates cash among these accounts to help each customer receive the most interest possible, even as rates change.
Additional benefits include a full suite of mobile banking features, a debit card with free ATM access globally and a preferred rate of 1.00% APY, with no minimum balance requirement or monthly fees.
Radius initially partnered with Max in 2018 to pioneer industry-leading rapid account-opening technology and launch Radius/Max Savings, an FDIC-insured high-yield savings account offering preferential rates. Radius has extensive experience partnering with forward-thinking fintechs like Max to provide best-in-class banking solutions. Radius’ nimble, experienced team connects with companies through its suite of open APIs to deliver a robust banking-as-a-service (BaaS) platform that allows both parties to create industry-leading white-labeled and co-branded programs that not only help their partners reach their business goals, but also provides the best banking experience.