Apple’s NEW High Yield Savings Account - Worth It?

Apple LAUNCHES new high yield savings account with Goldman Sachs, but is it worth the hype and should you apply?

TIMESTAMPS:
0:00 - Intro
0:13 - Apple Savings Press Release
0:43 - How Much Apple Savings APY?
1:14 - Who Can Open an Apple Savings Account?
2:26 - How Does the Apple Savings Account Work?
4:27 - Can You Personally Fund the Apple Savings Account?
4:44 - What About Fees?
5:25 - Maximum Deposit Limit?
6:00 - How Can We Access Apple Savings Account?
6:48 - Interest Compounding Frequency?
6:54 - Transferring Money Into and From Apple Savings Account
8:29 - FDIC Insurance for Apple Savings Account
9:25 - Who is the Apple Savings Account For?

[Huron_Ra]

Kinda odd to not have a credit card if you have 750 credit score, its just free money when you take advantage of the cash back, yeah 2-5% is small but, it adds up.

[eddyparker]

With these move Apple is encouraging a lot known banks out there to step up their game since the majority are offering bellow 4%. I personally opened my savings with Synchronic Bank through Pay Pal which is currently offering 4.15%. I have read so many negative feedback about this bank, I'll see how it goes.

[Goblinjon]

I didn't even know about this! Subscribed! Also I signed up!

[thomaswalsh]

I kind of wonder if there is minimum purchases or something on the Apple credit card. I like the savings idea but I don’t want an apple credit card.

[Wavyslim]

I already have a savings account with papal. They also offer 4.15%
But i might open another savings account w apple

[KA-NV]

You cannot pay utilities bills with credit cards, unfortunately.

[creating_cashflow]

subbed! you ever be down for a collab?