People Put Nearly $1 Billion Into Apple Savings Accounts in First 4 Days
“After the Cupertino tech giant launched its new high yield savings account last month, the company saw $990 million in deposits in less than a week, per Forbes’ sources. In that time, 240,000 accounts signed up for the service.
How much of this is linked to the wide proliferation of iPhones, or to the savings account’s 4.15% annual interest rate (when the national average rate is just .24% according to Bankrate), or to Apple fans’ willingness to buy anything from the Cupertino tech company short of a Tim Cook body pillow? It’s probably all of the above.”