MaxMyInterest, or Max as we like to call it, is an intelligent cash management solution that helps depositors maximize the interest they earn on their cash in the bank while keeping it fully FDIC-insured. Max helps individual investors harness the efficiencies of online banking, automatically moving funds from bank to bank as interest rates change so that customers always earn the highest yield.
We've shown incredible growth over the last year, and as interest rates continue to rise, our product looks even more attractive to potential users.
Max was bootstrapped and created without venture-capital financing; we make our own decisions and are not held to the whims of a Board of Directors.
The leading retail banks currently offer between zero and 0.15% annual percentage yield (APY) on deposits. Because of their lower overhead costs, the leading online banks currently pay between 0.75% and 1.71% APY on deposits. Rates are constantly changing, but at current interest rates, a typical customer can expect to earn an additional 1.30% to 1.50% on deposits every year.
We run week-long sprints and have a planning meeting every Monday. It's relatively informal for the time being, as our team is quite small. We use Pivotal Tracker to manage work, GitHub to manage pull requests and do code review, and use CodeClimate for static analysis and CircleCI for continuous integration. We use AWS and are beginning to leverage CloudFormation.
Maintaining an elegant user experience is a challenge when you are relying on third-party banking systems that spontaneously go down or change in unexpected ways.
We are beginning to integrate directly with banks, so we need to create and maintain an API spec using SwaggerUI to provide to banks who want to integrate with us.
Security is a big issue for us; we regularly hire independent firms to perform penetration testing on our systems, but in between pen tests we need to do our own internal security audits.
As our base of users continues to grow, we need to ensure our systems will scale to meet demand peaks without wasting resources when demand is low.
We treat our employees like professionals — as long as you get your work done and attend our scheduled meetings, you can work when you want and where you want. Although we expect to see you face-to-face at least once or twice a week, we have a very relaxed policy when it comes to working from home.
Unlimited vacation policy
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