Apple's High-Yield Savings Account Attracts Billions in Deposits in Record Time
TL;DR Summary
Apple credit cardholders reportedly poured up to $990 million into the high-yield savings accounts offered by the tech giant with Goldman Sachs upon their rollout, with almost 40% of the deposits coming on the first day. The accounts come with a 4.15% annual percentage yield rate, compared to the national average of 0.24% APY for savings accounts. There are no minimum deposits, minimum balance requirements or fees with the accounts.
- Massive amount of funds reportedly poured into Apple high-yield savings accounts upon rollout Fox Business
- Apple's high-yield savings account draws in nearly $1 billion deposits in first four days Daily Mail
- Apple Card savings account has an attractive 4.15% interest rate, but beware of these pitfalls before signing MarketWatch
- Is the Apple Card Worth It? The Motley Fool
- Apple reportedly attracted $1 billion in deposits into its new high-yield savings account in just 4 days Yahoo Finance
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