How many of you got the card just to have a titanium Apple card, and never used it, or was that just me?
[dead]
Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
11–20 of 306 posts
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#12Why does this pay more interest than Marcus?
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#13It 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 (App…
The one strategy mentioned in the article is cashback from Apple Card purchases will go straight into the savings account.
While not huge on an individual basis, it could be a large $$ across the entire Apple Card user base (from Goldman's perspective)
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#14Decent but there are plenty of higher yield savings accounts out there
Do you have some you can provide?
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#15This looks hugely disruptive no?
I dunno, my Betterment Cash Reserve account is at 4.20 APY and is FDIC insured to 2 million.
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#16I feel somewhat confused; my current Wells Fargo saving account APY is 0.01% where did I go wrong? Seems like I might be shifting my money to a new home.
Edit: In the very least it will educate many uninformed folks like myself they are getting shafted at their current banks. Double edit: Thank you for all the helpful links and information!
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#17Is this a way for Apple to leverage their giant McDuck pile of gold coins?
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#18This looks hugely disruptive no?
Wealthfront is at 4.3%, Robinhood at 4.4%
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#19It 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 (App…
>I wonder what other strategies Apple will be using to drive deposits in lieu of this.
Their cult following takes care of that honestly
Re: Apple Card’s new high-yield Savings account is now available, offering a 4.15 p
#20Interesting that the primary way they are advertising to fund this is vis Apple Card’s rewards eg your cash back gets deposited in this savings account. So it is encouraging you to use your Apple Card more.