Apple's high-yield savings account attracts $1 billion in deposits in just four days.

1 min read
Source: Daily Mail
Apple's high-yield savings account attracts $1 billion in deposits in just four days.
Photo: Daily Mail
TL;DR Summary

Apple's new high-yield savings account, created in partnership with Goldman Sachs, drew in nearly $1 billion in deposits in its first four days. The account offers a 4.15 percent yield, more than ten times the average US savings rate. Customers can open an account in less than one minute directly from their iPhone, with no minimum balance or deposit required. The account is only available to those who use Apple's credit card, Apple Card.

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