I got an email with that Subject line today from Quicken. Here’s the intro…
At Quicken, we’re always looking for ways to provide more value to our customers.
With our partner, Max, you can earn rates up to 5.10% APY on your savings. Cash that you choose to deposit is allocated across multiple high-yield, FDIC-insured savings accounts. Max monitors interest rates daily, and once per month helps you rebalance your cash among your accounts. Your funds stay below the FDIC limits while you earn the highest possible rates.
I had never heard of Max, and not sure how they make money, but they must somehow s- beware. But it does sound like it’s a good product at the right time for many who want to put their cash management on auto pilot within FDIC limits while earning a good return.
Here’s a link to the email in web format: