Apple's High-Yield Savings Account Attracts $1 Billion in 4 Days
TL;DR Summary
Apple's new high-yield savings account, limited to Apple Card holders, saw nearly $1 billion in deposits during the first four days after launch, with $400 million deposited on the first day alone. The account offers a competitive 4.15% APR and has no fees or minimum balance requirements. The account is managed through the Wallet app and is expected to give Apple an edge over competing high-yield savings account providers.
- Nearly $1 Billion Deposited by Apple Card Owners Four Days After Savings Account Launch MacRumors
- People Put Nearly $1 Billion Into Apple Savings Accounts in First 4 Days Yahoo News
- Apple's New Savings Account Offers 4.15% APY. These 5 Banks Could Be Good for You, Too CNET
- Data points - Newspaper - DAWN.COM DAWN.com
- Apple's high-yield savings account reportedly drew $1 billion in deposits in just four days 9to5Mac
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