Apple Savings Accounts Attract Nearly $1 Billion in First Four Days

Apple's new Goldman Sachs-backed Apple Card savings account has seen close to $1 billion in deposits in just four days, with 240,000 accounts signing up for the service. The savings account offers a 4.15% annual interest rate, well above the national average of 0.24%. The success of the savings account could be attributed to rising interest rates and Apple's loyal customer base. However, the account is restricted to iPhone users with an Apple ID in good standing, potentially putting Apple in antitrust snipers' scopes.