- Apple snags $990 million in deposits within four days of savings account launch
- Exclusive to Apple Card customers, the account offers 4.15% yield with no fees
- Convenient access for iPhone users through Wallet app
Once upon a time, in the magical world of Apple, an epic launch took place. Unveiling a high-yield savings account, Apple swiftly snatched up a cool $990 million in deposits within the first four days. Who wouldn't want to join this financial fiesta, especially when Forbes spilled the beans on Apple's first-day deposit haul of nearly $400 million?
Now, let's not get too carried away – only 0.2% of Apple's US iPhone users have jumped on this cash carousel so far. But hey, that's still 240,000 high-yield savings accounts opened in a flash, and who can blame them? Apple's iPhone user base is massive, with over a billion devoted followers worldwide.
Picture this: a high-yield savings account through Goldman Sachs, available exclusively to Apple Card customers. With a sweet 4.15% yield, no minimum deposits, no balance requirements, and no fees, it's the perfect excuse to keep your iPhone glued to your hand (as if you needed one).
Apple may not be the king of high-yield savings account yields, but they've got a little something called convenience. iPhone users can easily access their savings through the Wallet app, making it a breeze to stash that cash.
Sure, regional banks might be a tad envious of Apple's massive scale and smooth user experience, especially as the First Republic Bank crumbles and sends tremors through the banking world. But hey, that's just how the Apple rolls.
WOM Money Picks
Be a part of the winning team | 81% Success Rate.