Umar Shakir
How much money is going into Apple’s new savings accounts?
Sources speaking to Forbes said Apple Card users have opened 240,000 new high-yield savings accounts in Apple’s first week of offering — and the company achieved $990 million in deposits in the first four days, including $400 million on just day one.
Apple currently offers 4.15 percent APY on Daily Cash deposited into it. Other deposits hold a 4.07 percent rate.
Meanwhile, Apple’s bank partner Goldman Sachs also offers its similar Marcus product that (including a referral bonus) has a 4.90 percent rate for three months, which can be extended if you get more referrals.
