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The iPhone maker’s new banking product, which was announced last fall, is available to those with an Apple credit card and offers a tasty interest rate of 4.15%.
Apple on Monday launched its Apple Card savings account with a 4.15% annual percentage yield. It requires no minimum deposit or balance, Apple said, and users can set up an account from the Wallet ...
It allows Apple Card holders to earn a 4.15% annual yield as of mid-April, far above what most bricks and mortar banks are paying on savings. ... because you could now be earning over 4% on that ...
Apple Card is a credit card created by Apple Inc. and issued by Goldman Sachs, designed primarily to be used with Apple Pay on an Apple device such as an iPhone, iPad, Apple Watch, or Mac. [ 1 ] [ 2 ] Apple Card is available only in the United States , with 12 million cardholders as of early 2024.
Apple said Monday that it is launching high-yield savings accounts for Apple Card holders in partnership with Goldman Sachs (), marking the tech company's latest foray into payments.The accounts ...
“The average credit card rate is over 20% and with the Fed hitting the pause button on rate cuts, that rate isn’t going to come down much in the months ahead,” McBride told Fortune.
Apple and Goldman Sachs will allow Apple Card holders to skip their March payment without incurring interest by signing up for a Customer Assistance Program, Apple is informing its customers.
If the issuer cut the rate by 0.5 percentage points, it would take 26 months to pay off the balance and cost $1,485 in interest. That would save a month of payments but also reduces the interest ...
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