Would You Put All of Your Savings in an Apple Savings Account? Take Our Poll
Apple has launched an Apple Card savings account that pays an annual percentage yield of 4.15%.
The company said all Daily Cash rewards accrued via the Apple Card will be deposited to the savings account, which is hosted by Goldman Sachs. Daily Cash pays 3% on purchases.
The national average for savings accounts is 0.35%, according to the FDIC, but Apple Card’s APY beats many others that also include no minimum deposits or balances – e.g., 3.9% by Marcus by Goldman Sachs and 3.5% by Capital One.
Would You Put All of Your Savings in an Apple Savings Account?