Apple debuts savings accounts that pay high interest

Cmaier

Cmaier

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appleinsider.com

Apple finally launches high-yield Apple Savings account | AppleInsider

Months after its first announcement, Apple Savings is now available to Apple Card users, with users able to route Daily Cash rewards into a new 4.15% high-yield savings account.
appleinsider.com appleinsider.com

I’ve set mine up, and transferred a little money in from my brick and mortar bank (plus Apple Cash). It *looks* like the money transferred in is immediately “available.” Transferring out to your other bank looks like it will take 2 or 3 business days. > 4% interest is obviously pretty impressive.
 
That's interesting. And a decent rate for a savings account, and similar to what Synchrony Bank offers for liquid money.

Thanks... I'll check it out...

I think US Treasury Bills have pretty decent rates right now, if you're willing to lock up money for various periods (13 to 52 week options).

13 weeks is paying 5.23%

Not taxable by the state is a nice bonus, too.

Announcements, Data & Results — TreasuryDirect

www.treasurydirect.gov www.treasurydirect.gov
 
Geez, 4.15% is good? I remember when a normal ordinary passbook at First Interstate was 5.25%.
 
There's a lot of discussion about this over at The Other Place. This might be a good option to park funds not needed for day-to-day expenses but that still need to be easily accessible, like other similar accounts. The only thing I dislike about the Apple Card ecosystem is how much has to be done in the Apple Wallet, as opposed to a website.
 
Missed opportunity to set the interest rate at 4.20%, if only for the added Meme Value...
 
Citysnaps said:
I think US Treasury Bills have pretty decent rates right now, if you're willing to lock up money for various periods (13 to 52 week options).

13 weeks is paying 5.23%

Not taxable by the state is a nice bonus, too.
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It's not technically locked up. Treasuries have a very liquid market. You might lose a little bit of interest, but you can get out.
 
Cmaier said:
Elon, that you?
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B01L said:
My offendedness is immeasurable and my day is ruined... ;^p
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If it were Elon 75% of the site staff would be let go and he would've banned most of the users by now, and by morning he would've taken the site back to code because it just can't function in its current state even though it's been fine for years.
 
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