Veritex Community Bank Partners with MaxMyInterest to Offer FDIC-Insured High-Yield Savings Accounts
December 19 2023 - 4:17PM
Veritex Community Bank (Veritex), the banking subsidiary of Veritex
Holdings Inc. (NASDAQ: VBTX), today announced it has joined the
MaxMyInterest (Max) platform, offering clients access to high-yield
savings accounts that open in as little as 60 seconds.
Max is an innovative and intelligent cash management platform
for individual investors and financial advisors that helps
investors allocate cash balances among multiple bank accounts to
ensure increased FDIC insurance coverage with the highest available
yield.
“We attribute so much of Veritex’s continued growth to our
powerful combination of digital prowess and client-first emphasis
around truth and transparency. Our partnership with MaxMyInterest,
an industry leader in cash management, will help us manage deposits
and attract new customers,” said Veritex CEO Malcolm Holland.
Max’s patented instant account-opening technology is a
significant differentiator, making it easy for households to
discover and open new banking relationships with Veritex. The Max
platform offers quick and easy enrollment, enabling up to $2
million in FDIC insurance coverage for individuals and $8 million
for couples.
“We’re thrilled to welcome Veritex Community Bank, a leading and
fast-growing bank in Texas, to Max,” said Gary Zimmerman, CEO of
MaxMyInterest. “The addition of Veritex Community Bank to the Max
platform enables us to provide our members with more options for
optimizing their savings, with increased FDIC insurance coverage,
same-day liquidity, and industry-leading rates.”
The Max platform also makes it easy for financial advisors to
help their clients earn the highest yields in the country, while
keeping their cash safe and liquid in their own bank accounts.
About VeritexHeadquartered in Dallas, Veritex
Holdings Inc. is a bank holding company that conducts banking
activities through its wholly owned subsidiary, Veritex Community
Bank, with locations throughout the Dallas-Fort Worth metroplex and
in the Houston metropolitan area. Veritex Community Bank is a Texas
state-chartered bank regulated by the Texas Department of Banking,
Consumer Financial Protection Bureau, and the Federal Reserve
System. Veritex specializes in providing depository and credit
services to small and mid-size businesses, which have been largely
neglected by national banks. The name “Veritex” is derived from the
Latin word “veritas,” meaning truth, and “Texas.” For more
information, visit www.veritexbank.com. Member FDIC.
About MaxMyInterestMaxMyInterest (“Max”), a
service of Six Trees Capital LLC, offers intelligent cash
management solutions for individuals and financial advisors that
enable individual investors to earn dramatically higher yields on
cash. Max’s patented technology helps clients reallocate funds
among their checking and high-yield savings accounts to earn the
highest yield while keeping their funds safe in their own
FDIC-insured bank accounts. Today, Max members can access rates up
to 5.36% on FDIC-insured deposits, compared to the national savings
average of 0.46%. Max is available to individuals at
MaxMyInterest.com, and can also be integrated into wealth
management platforms, so that banks, brokerage firms, registered
investment advisors, multi-family offices, and fintechs can deliver
better cash solutions to their clients. Max benefits banks by
helping them attract direct customer relationships and deposits
without spending money on advertising or referral fees.
MEDIA CONTACTS
For Veritex Community Bank:
Beth Stavinoha
(972) 707-4109
bstavinoha@veritexbank.com
For MaxMyInterest:
Abbie Sheridan
(516) 286-7056
abbie@greenrosepr.com
Veritex (NASDAQ:VBTX)
Historical Stock Chart
From Apr 2024 to May 2024
Veritex (NASDAQ:VBTX)
Historical Stock Chart
From May 2023 to May 2024