MaxMyInterest Partners with UFB Direct to Expand Cash Management Platform - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 18, 2017 Newswires
Share
Share
Post
Email

MaxMyInterest Partners with UFB Direct to Expand Cash Management Platform

Business Wire

Streamlines Account-Opening Process for Individuals and their Financial Advisors

NEW YORK & SAN DIEGO--(BUSINESS WIRE)-- MaxMyInterest (“Max”) -- an intelligent cash management and optimization platform operated by Six Trees Capital LLC -- announced today that it has partnered with UFB Direct (“UFB”), an online banking brand of BofI Federal Bank, the nationwide bank subsidiary of BofI Holding, Inc. (NASDAQ: BOFI), to offer Max’s members the opportunity to benefit from increased FDIC insurance and competitive yields on their cash balances.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170418005195/en/

Concurrently, Max unveiled the next generation of the Max Common Application, which enables Max members to apply for multiple online savings accounts by filling out a single form. Through the partnership with UFB Direct, Max members are now able to open a new UFB Direct account and automatically link it to their existing checking or brokerage account with just a few clicks. Once the accounts are linked, Max facilitates the flow of funds among these accounts to maximize yield and FDIC insurance coverage, even as rates change.

“We are excited to partner with UFB Direct and BofI to offer our members a compelling solution for their cash,” said Max CEO Gary E. Zimmerman. “This new enhancement to our technology platform provides financial advisors and their clients with a streamlined and efficient enrollment process, making it easier than ever for individuals to benefit from Max’s automated cash management solution.”

Max’s proprietary technology platform is designed to distribute individuals’ cash automatically across multiple online savings accounts to maximize yield and FDIC insurance coverage, without switching banks. Through Max, UFB’s FDIC-insured savings accounts can be linked automatically to checking or brokerage accounts at eleven of the nation’s largest banks and brokerage firms.

“The partnership with Max exemplifies BofI’s dedication to incorporating the best fintech solutions to create best-in-class user experiences and outcomes for our customers,” said Eduardo Urdapilleta, Chief Deposit Officer of BofI Federal Bank. "As more advisors and their clients seek new opportunities to safeguard their cash, we are confident that our savings products will provide optimal value, safety and convenience.”

About MaxMyInterest

MaxMyInterest (“Max”), a service of Six Trees Capital LLC, offers a suite of tools for financial advisors that enable individuals to earn dramatically higher yields on cash. Max automatically works to help ensure deposits earn the highest yield possible while remaining FDIC-insured. Max members currently are earning, on average, 1.00% on cash, compared to the national savings average of 0.08%. Learn more about Max’s solutions for individuals at MaxMyInterest.com or for financial advisors at MaxForAdvisors.com.

About BofI Holding, Inc. and UFB Direct

BofI Holding, Inc. is the holding company for BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. With approximately $8.2 billion in assets, BofI Federal Bank provides consumer and business banking products through its low-cost distribution channels and affinity partners. UFB Direct is one of the company’s brands. BofI Holding, Inc.'s common stock is listed on the NASDAQ Global Select Market under the symbol "BOFI" and is a component of the Russell 2000® Index, the S&P SmallCap 600® Index, and the KBW Nasdaq Financial Technology Index. For more information on BofI Federal Bank, please visit bofifederalbank.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170418005195/en/

Max

FiComm Partners

Abbie Sheridan
Communications Manager

abbie.sheridan@ficommpartners.com

917-636-4803

or

BofI / UFB Direct

BofI Holding, Inc.

Johnny Lai, CFA

VP, Corporate Development & Investor Relations

jlai@bofifederalbank.com

858-649-2218

Source: BofI Holding, Inc.

Older

XL Catlin Adds Maria L. Duhart to lead Commercial Bond Product

Newer

AAIS Joins Duck Creek Technologies’ Global Alliance Program

Advisor News

  • The inheritance gap: Helping clients plan for money that hasn’t arrived
  • After the midterms: Addressing your clients’ tax concerns
  • Berkeley arts tax heads toward passage while public bank measure looks likely to fail
  • Americans’ sense of overall prosperity still ticks upward
  • Turning expanded eligibility into a better coverage plan for federal clients
More Advisor News

Annuity News

  • Annuity sales hit record $126.3B as RILA sales top $25B
  • More pre-retirees rethink retirement as income-planning concerns grow
  • AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
  • Jackson reports record annuity sales, increases share repurchase authorization
  • Why the market doesn’t need more carriers
More Annuity News

Health/Employee Benefits News

  • Study Results from Hospital of the University of Pennsylvania in the Area of Managed Care Reported (Ten-year Performance of the Multi-Layer Insulated Defibrillation Lead in the Medicare Population): Managed Care
  • Insurance cost hikes, fewer Medicare options add to Wyomingites' healthcare struggles
  • Insurance Barriers to Mental Health Care Are Breaking Down
  • States push short-term insurance as healthcare costs climb
  • UnitedHealthcare calls Fairview lawsuit ‘mudslinging,’ asks judge to dismiss it
More Health/Employee Benefits News

Life Insurance News

  • Samsung Fire & Marine Insurance to Acquire Outstanding Stake in Canopius with KKR and KIC
  • Start estate planning before the family needs it
  • Best’s Market Segment Report: Health and Property Lines of Business Drive Hong Kong’s Non-Life Insurance Growth
  • AM Best Affirms Credit Ratings of Central States Indemnity Co. of Omaha and Its Subsidiary
  • National Life Group Approves $23 Million Dividends for 2027
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Insurvoice Lets Independent Insurance Agency Owners Analyze Every Customer Call in ChatGPT or Claude
  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.