Cash Flow: Maxmyinterest and the Pursuit of the Riskless One Percent

In a world of sub-zero bonds a way to earn an extra one percent on overnight cash deposits seems very exciting. That’s the proposition offered by Maxmyinterest, a new software system that allows clients to allocate and re-allocate their own cash across online banks to chase the best interest rates.

In March of 2009, Maxmyinterest founder Gary Zimmerman was in Japan running a bulge bracket bank’s cross-border M&A business and pondering the very shaky status of the institution he both worked for and held his money in. Its share …

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