Posted on 04/17/2023 11:54:21 AM PDT by mikelets456
My questions: 1--Can you direct deposit checks? 2--Is there regulation "D" applied? 3--How do you get cash? 4--Can you pay bills from there?
Apple Card Savings Account, a new integration for the Wallet app first announced back in October, is now available with an impressive 4.15% annual percentage rate. Head below for all the details you need to know.
In a press release on Monday, Apple announced that Apple Card Savings Account is now available via the Wallet app. It offers a high-yield APY of 4.15%, which is “more than 10 times the national average. There are no fees, no minimum deposits, and no minimum balance requirements.
Apple Card Savings Account allows you to automatically deposit your Daily Cash rewards into the account. This means that as you earn Daily Cash with your Apple Card, that money can be automatically deposited into the high-yield savings account in the Wallet app.
(Excerpt) Read more at 9to5mac.com ...
Just don't try to send any money to anyone they don't like, or fail to mouth support for GloboHomoNazi WEF, and watch how quickly your money disappears.
Imo their cash app card introduction was such a dumpster fire, I quit using their card.
I doubt their management has even considered the questions you’ve raised & their saving program will be another cumbersome user unfriendly fail
I use the Apple Card strictly for those purchases it gives 3% back on. I leave the Apple “cash” alone and let it grow like that. Now with that percentage, I’m even more enticed not to touch my cash back!
At 4.15% your money will double in 16.9 years.
“At 4.15% your money will double in 16.9 years”
And prices will double in about 10 years.
It is US government policy to make interest rate based saving a losing proposition.
Banks have been shafting savers since the banker-raised president took office.
I welcome Apple’s efforts and I hope Apple succeeds.
ROFL! You want to deposit your money into an account that Apple controls? The same people who censor you, track you, report you, slow your old phone down so you have to upgrade, etc, etc, etc? These people you trust with your money when they can cancel your digital access with a simple click???
If you don’t have an iphone then you can’t do this at all.
Becoming a bank is pretty much the beginning of the end for a company.
Once the bean counters figure out you can make money without employees, facilities or materials, they won’t want to do anything else.
Yes but 4.15% is better than 0.1% (one tenth of 1%) that banks were paying until a few months ago-some are still paying 1% on CDs etc. One of our “safe” retirement accounts (short term treasuries) was paying $.10 per month, now it is paying $15.00 per month on the same principal.
I have an Apple Card, but I only use it once a year to buy Master Card/Visa gift cards for my oldest son. I wouldn’t use it anymore than that. At 75, the only time I leave the house is to get groceries, and go to doctor appointments.
No wise investor leaves their assets in cash, except for some liquid emergency funds.
With our inflation, a huge losing proposition........
https://support.apple.com/en-us/HT213451
https://support.apple.com/en-us/HT213454
https://support.apple.com/en-us/HT213451#depositmoney
https://www.wsj.com/buyside/personal-finance/apple-high-yield-savings-account-review-ef4d2adf
Is “Reg. D” the “6 transactions per month” thing??? Was unable to find info. on that for the Goldman-Sachs/Apple product.
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