Cash Management App approved

MDB have released an innovative cash management application in the App Store on behalf of their client Maxbips.

MaxBips is an online auction site for cash deposits where users can solicit interest rate offers from FSA authorised banks.

The Maxbips iPhone App allows companies and individuals to access tools to help them manage their cash more effectively.

Users input the amount of money they plan to invest and the Maxbips app compares deposit rates in real time against 25 different banks. Authorised banks then bid for your money by providing better interest rates.

The interest rate calculator calculates the return on your deposits whether it's a standard or bespoke term deposit. The calculator even adjusts deposits and maturity dates for weekends and holidays to supply the exact day count and interest paid.