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Diversify and grow your company’s cash automatically

Access up to $50 million of FDIC insurance¹ and 4.72% APY² on deposits from a single account. Get started today in under 10 minutes.

Read about Mayfair

Mayfair is a financial technology company, not a bank. Banking services provided by, and Enhanced FDIC insurance¹ only available through, Third Coast Bank SSB, Member FDIC and its network of participating banks. Mayfair also partners with Stripe³.

Minimize Risk

Limit your exposure to any one bank

Protect yourself from future bank runs

After the failures of Silicon Valley Bank and First Republic Bank, it’s clear that the standard FDIC insurance of $250,000 is not enough for most companies. If finding a safe home for your cash is important to you, we can help.

Access up to $50m of FDIC insurance coverage¹

Through Third Coast Bank SSB and our partner deposit network, your funds are automatically distributed across many banks to multiply your level of coverage and limit the risk of any single point of failure.

Retain the simplicity of a single checking account

We take care of the legwork behind the scenes so you don’t need to open and maintain separate accounts at each bank or allocate money between them. Instead, continue to use your account just like any other checking account.

Maximize yield

Earn up to 4.72% APY² on every dollar

Get paid to hold cash at FDIC-insured banks so you can earn more, in less time, and with lower risk.

Banks pay for your deposits

We use our assets under management to negotiate better rates on your behalf and pass that benefit directly on to you, so you can earn near-Treasury Bill (T-Bill) rates without investing in T-Bills.

Your cash is never invested into other assets

No laddered Treasury portfolios. No money market funds. No risky investments of any kind. We just get banks to pay you a great rate so you can earn yield with no investment risk.

Get rapid access to your funds

Withdraw your funds at any time. No lockups. No waiting periods. No redemption requests. Transfer same-day or next-day via ACH.

See results

Make the most of your cash

* Annual percentage yields (APYs) of the selected banks reflect New York savings rates for similar products with a minimum balance of $2,500. Rates may vary by state and do not account for bonus, special or promotional APYs. This calculator does not include all savings accounts available in the marketplace. APYs are as of May 4, 2023 and are subject to change at any time before or after account is opened. This calculator is for illustrative purposes only and may not apply to your individual circumstances. Calculated values assume that principal and interest remain on account.

Automate your treasury

Seamlessly incorporate into your existing bank account structure

Automated cash management

We monitor your bank accounts to ensure you maximize overall FDIC insurance coverage while keeping what you need for operations. We automatically check and rebalance on a daily basis.

No need to switch your primary bank

Link to your existing bank accounts

Set up your cash sweep rules

Put your treasury function on autopilot

Rely on advanced security

Experience a new standard in platform security

Robust authentication

Your account is safeguarded with enhanced platform security using mandatory organization-wide MFA.

End-to-end encryption

We leverage industry best practices and encrypt your data at rest and in transit to keep your information safe.

Independent testing

Our security protocols and processes undergo independent auditing and penetration testing on a regular basis.

More about our security standards

Testimonials

What customers are saying

Mayfair made it super easy to get 4% back on cash in our bank account. When markets started crashing and we wanted to extend runway, it was the easiest way to reduce our burn rate and offset the cost of a full-time employee. Read the case study here

Prince Ghosh

CEO

The Mayfair team provided white-glove service throughout onboarding, taking the time to make sure I understood the full process and mechanics. Plus the rate on the account is higher than other offers.

Jasmine Mansouri

CEO of Pillar

It’s simple math. We’d much rather be generating return on our cash than letting it sit in a savings account for negligible return. Mayfair is the easiest way for us to earn some extra yield

Michael Otis

CEO, Procoto

It’s like having an extra paying customer.

Zachary Kirby

CEO

Our investors

FAQ

We’ve got you covered.

How am I protected by FDIC insurance?

By opening a Third Coast Bank SSB account through Mayfair, you deposit your funds into a deposit account offering up to the current standard maximum FDIC insurance of $250,000. Customers who wish to opt into the Enhanced Deposit Protection Program (EDPP) will have their funds swept into deposit accounts across a network of over 200 FDIC-insured banks. The cumulative limit for access to FDIC insurance through an EDPP account is $50 million¹.

By opening a Stripe account through Mayfair, your funds are held at Evolve Bank & Trust and eligible for pass-through FDIC insurance up to the current standard maximum FDIC insurance of $250,000.

Is the rate fixed or will it change?

It changes based on a number of factors — the most important being the Federal Funds Rate. It’s in our best interest to offer customers a competitive rate, so we’re always looking for opportunities to do just that.

When we get paid more, we pay it forward to you with a better APY²^,⁴. We’ll always notify you when the rates change.

When can I withdraw my funds?

You can withdraw your funds at any time. ACH transfers usually take one business day to arrive, but can take up to 3–5 business days.

How much does this cost?

The service has no account fees, maintenance costs, or ACH transfer fees. An outbound wire costs $10, which simply covers Mayfair's cost to provide that wire.

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Mayfair Finance, Inc. (“Mayfair”) is a financial technology company, not a depository institution, bank, or credit union. Banking services provided by Third Coast Bank SSB (NASDAQ: TCBX), Member FDIC. By opening a Third Coast Bank SSB account through Mayfair, your funds are held in a checking account at Third Coast Bank SSB offering up to the current standard maximum FDIC insurance of $250,000.

¹ Mayfair is not a FDIC-insured depository institution and FDIC insurance only applies to the failure of the bank where your account is maintained. Customers who wish to opt into the Enhanced Deposit Protection Program must choose an account provided by Third Coast Bank SSB, and will have their funds placed into deposit accounts across a network of FDIC-insured banks for up to the current standard maximum deposit insurance of $250,000 per eligible depositor, per receiving bank, for each ownership capacity or category, including any other balances you may hold at that receiving bank directly or indirectly through other intermediaries, including broker-dealers. Third Coast Bank SSB uses a third-party vendor and agent to help administer this deposit placement process. View the Participating Institution List for a list of the banks and savings associations with which Mayfair and Third Coast Bank SSB have a business relationship for the placement of deposits at receiving banks, and into which your deposits may be placed, subject to the Terms of Service and any opt-outs by Third Coast Bank SSB or you. The maximum amount of possible FDIC insurance on your funds through your account is $50 million (per depositor per ownership category), subject to change at any time pursuant to applicable law. Terms and restrictions apply.

² Annual percentage yield (APY) on your Third Coast Bank SSB account is 4.72% effective as of Jul 27, 2023 and may change at any time, before or after the account is opened. Rates will vary based upon prevailing economic and business conditions.

³ Mayfair also partners with Stripe Payments Company for money transmission services and account services with funds held at Evolve Bank & Trust, Member FDIC. By opening a Stripe account through Mayfair, your funds are held at Evolve Bank & Trust and are eligible for pass-through FDIC insurance up to the current standard maximum FDIC insurance of $250,000. Mayfair and Stripe are not themselves FDIC-insured institutions. FDIC insurance coverage is only available to protect you against the failure of an FDIC-insured bank that holds your deposits and does not protect you against the failure of Mayfair, Stripe Payments Company, or other third party.

⁴ Annual percentage yield (APY) on your Stripe account is 2.00% effective as of Jul 27, 2023 and may change at any time, before or after the account is opened. Rates will vary based upon prevailing economic and business conditions.

Mayfair accounts are available only for businesses, and customers may not use the account for personal, family, or household use. Your account and all services provided to you are subject to the Terms of Service and no other representations or warranties, express or implied, are provided to you except as expressly set forth therein.

The information contained in this communication is provided for general informational purposes only, and should not be construed as investment or tax advice. Nothing in this communication should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security.

Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Mayfair or its affiliates endorses, sponsors, promotes, and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise.

By using this website, you understand the information being presented is provided for informational purposes only and agree to our Terms of Service and Privacy Policy. Mayfair relies on information from various sources believed to be reliable, including customers, partners, and third parties, but cannot guarantee the accuracy and completeness of that information.

By submitting my email address, I agree to receive marketing communications from Mayfair. Contact Mayfair by phone at (415) 906-5292 or by email at help@getmayfair.com for any customer service issues.