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Apple savings account offers 10 times more interest than US average — draws $1B in deposits

Por: New York Post Business May 03, 2023

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Apple’s new high-yield savings account — which is dangling an interest rate that’s 10 times the national average — has been swamped with customers who have deposited a total of $1 billion during the first four days since its launch. The iPhone maker’s foray into commercial banking has been a successful one, The account offers depositors a 4.15% annual return, which far exceeds the less than half a percent that is typically offered by... + full article



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