Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
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Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#2How many of you got the card just to have a titanium Apple card, and never used it, or was that just me?
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#3This looks hugely disruptive no?
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#4Apple's Barrel of Savings? Apple Crate?
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#5Decent but there are plenty of higher yield savings accounts out there
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#6RIP banks
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#7It is interesting that there is no direct deposit requirement for this account. Most traditional (Truist, BofA) and competitor banks (Sofi) offer incentives to encourage direct deposit for the end users. I wonder what other strategies Apple will be using to drive deposits in lieu of this.
It is also in Apple's best interest to drive deposits, as most of these agreements end up with the bank (GS) and the provider (Apple) splitting the interest earned. Even if they are currently passing most of the interest to the customer for now, they will want to build up deposits as high as possible so they can lower rates in the future and print money.
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#8How many of you got the card just to have a titanium Apple card, and never used it, or was that just me?
2% cash back on any Apple Pay purchase is worth using.
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#9How many of you got the card just to have a titanium Apple card, and never used it, or was that just me?
The 2% back on all touchless/apply pay integrations is what sold it for me.
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#10This looks hugely disruptive no?
Disruptive? It's a bog standard savings account with Apple's terrible Wallet interface. It's convenient if you have and actually use an Apple Card I guess. I personally only use my Apple card for Apple purchases because that's the only place you actually get a good rate, and I just use other cards with better cash back on everything else.