Apple Savings

[destroyer]

They are idiots for not naming it apple slices

[devanshtangri]

That's almost like Apple is considering that savings balance as an investment in their stocks of which they pay you a dividend. Neat!

[curiouscollective]

This feels like a slippery slope to corporation towns.

[sleepyppl]

“let us control all of your money and well give you slightly more money”

[jackforlife]

"If you have any money left after your 27th iPhone" 😂

[thesupergamer]

Oh shit... this is literally how dystopian mega-corporations start
(1 year later edit: I ain't gonna reply to any of these new comments that are coming in for some reason. This comment is over a year old. Get a life and make your own new comment instead of replying to this old one)

[maltethehutt]

Nothing to worry about when random companies decide to become private banks...

[carrielam]

While it’s nice that it’s 10x the average, it’s still far behind the inflation rate so your money will be losing its value :/

[tiendaniel]

At this point with all the banks closing I feel like it is safer to put your money apple pay

[GravitasZero]

I can’t wait to have an apple bank account, apple clothes, apple electronics, apple apartment rent, apple groceries, fresh apple apples, apple internet/electricity/water, an apple salary paid by apple for working in the apple factory, etc…
So much freedom, you can taste it!

[The_Lord_of_Cryptids]

Just as a reminder that the prevalence of the practice of buy now, pay later was a major contribution to the start of the great depression, so we should probably keep an eye on that.

[MXALOVE]

Considering Banks/Savings operate by essentially borrowing against your money and just paying you a percentage of the gains, it's really just giving them free money with no downsides. It's like asking the world for money and they just, give it to you.

[borischan]

"if you don't know where the rates are coming from, YOU are the rates"
That's 101 in especially digital investment...

[TheGersh]

This makes sense, the interest rate on corporate loans is pretty high right now. The interest they’re paying on the “savings accounts” is half the rate they’d pay for taking an official loan. It’s a smart move and should be a win for everyone but the banks.

[Elijahwampler]

Algorithm messing with this guy like hes CarterPCs 😂

[a.m.dreaming]

27th iPhone? Lmfao too funny. This guy here, this guy.

[kleinfeicht]

Please keep in mind
That a bank basically do with your money what they want so if they decide that they milked the cow enough your bank balance is 0 except you are some rly rich guy who can afford to sue the hell out of then

[Pr.]

If its Fdic insured I would for sure invest into it

[lajlach.]

szczerze wolę zapłacić odrazu pełną cenę, zamiast płacić później gdy np. strace prace

[ashutoshpattanaik]

Its essentially Goldman Sachs bank account, but named as Apple for better customer base