Apple finally launches high-yield Apple Savings account

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  • Reply 21 of 43
    mystigomystigo Posts: 184member
    I already started a transfer from my Bank of America 0.01% savings account to my shiny new Apple Savings account. The transfer request took, but it hasn't posted yet. I suspect there is a certain amount of Apple first day crush going on.
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  • Reply 22 of 43
    mike1mike1 Posts: 3,502member
    rob53 said:
    mystigo said:
    You need iOS 16.4 and its accessed through the Daily Cash option in the AppleCard "three dot" menu.
    For those who need expanded steps on finding it (like me):

    1. Open Apple credit card in wallet.
    2. Click on circle with 3 dots in it.
    3. Click on Daily Cash
    4. Scroll down to Daily Cash Election, click on Set Up next to Savings.
    5. Read the not so fine print (4.07% interest rate as of today (so, yes, it will change daily) then press Continue.
    6. oops! It actually went into Confirming my info, not saying to wait a bit.

    ---
    7. After adding my SSN, then pressing Next it still says service unavailable. I'll wait for an hour. 

    Since this goes through Goldman Sachs, it probably is a good idea to do some research on their interest history. The iOS app store has plenty of Goldman Sachs apps but going to their website doesn't really get me anywhere. Since we are given a savings account at GS, there has to be a way to monitor this account outside of the Apple Card account. Ideas??
    Thank you. Worked perfectly for me.

    Madbum
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  • Reply 23 of 43
    Madbummadbum Posts: 536member
    mystigo said:
    I already started a transfer from my Bank of America 0.01% savings account to my shiny new Apple Savings account. The transfer request took, but it hasn't posted yet. I suspect there is a certain amount of Apple first day crush going on.
    An ACH electronic transfer between banks will not be instant . It’s not a wire it will take  3-4 business days usually 

    However, the second you initiate the transfer, Apple will start paying you 4.15 interest. Most banks do not do that .
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  • Reply 24 of 43
    Madbummadbum Posts: 536member
    Very poor offering. There are dozens of other HYSA that offer more than 4.15%
    Yes from Joe Schmo small online banks who will hold up your transfers way longer than Goldman and Apple. Not to mention poor interface . 

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  • Reply 25 of 43
    Madbummadbum Posts: 536member
    JP234 said:
    Madtiger said:
    JP234 said:
    An Apple branded savings account is just a savings account. The only reason I have a bank savings account is for the discount on our safe deposit box, and free services like counting our coins, cashing checks from Facebook, Honda and other settlements, and notary public service. I fail to see how that would be implemented by an Apple online savings account.
    What is YOUR savings account rate?
    Our savings rate is 0.1%. But if it was 4.15% like Apple Savings, we'd stand to make an extra $9-10 a year. We keep only token money there to take advantages of the services previously mentioned. The rest of our cash is in money market funds, which currently offer more than 4.15%, and offer free checking, both online and hardcopy. As an Apple shareholder, I use every product Apple makes, if I can justify it financially or for entertainment. This savings account does neither for me.
    To each his own. Which money market fund? Most are not that much higher than 4.15 as I use them too. And they are not FDIC insured that met will share the SIPC brokerage insurance with your stock holdings.

    also the  ease of deposit and withdraw with the Apple Walley is simply unmatched 
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  • Reply 26 of 43
    Madbum said:
    Very poor offering. There are dozens of other HYSA that offer more than 4.15%
    Yes from Joe Schmo small online banks who will hold up your transfers way longer than Goldman and Apple. Not to mention poor interface . 

    Wrong.
    williamlondon
     0Likes 1Dislike 0Informatives
  • Reply 27 of 43
    jimh2jimh2 Posts: 685member
    iOS_Guy80 said:
    Been trying to open an account but set up Savings Account option is not available yet in the wallet app.
    You need to update to 16.4.1. I had the same problem and that fixed it.
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  • Reply 28 of 43
    chutzpahchutzpah Posts: 392member
    JP234 said:
    Madbum said:
    JP234 said:
    Madtiger said:
    JP234 said:
    An Apple branded savings account is just a savings account. The only reason I have a bank savings account is for the discount on our safe deposit box, and free services like counting our coins, cashing checks from Facebook, Honda and other settlements, and notary public service. I fail to see how that would be implemented by an Apple online savings account.
    What is YOUR savings account rate?
    Our savings rate is 0.1%. But if it was 4.15% like Apple Savings, we'd stand to make an extra $9-10 a year. We keep only token money there to take advantages of the services previously mentioned. The rest of our cash is in money market funds, which currently offer more than 4.15%, and offer free checking, both online and hardcopy. As an Apple shareholder, I use every product Apple makes, if I can justify it financially or for entertainment. This savings account does neither for me.
    To each his own. Which money market fund? Most are not that much higher than 4.15 as I use them too. And they are not FDIC insured that met will share the SIPC brokerage insurance with your stock holdings.

    also the  ease of deposit and withdraw with the Apple Walley is simply unmatched 
    I have a Fidelity Govt. Cash reserves money market acct. As of this writing its current 7 day yield is 4.51%. I also have an Ally Bank money market (FDIC insured) that is currently yielding 4.0%. Both offer checking, 24/7 online deposit and withdrawal, debit cards (that offer free transactions at any MC or Visa ATM) and wire transfers. I've never had any issues with deposit or withdrawals. I use the Apple Wallet, Apple Pay, and have the Apple card (love to impress waitresses using that titanium credit card, and get 2% for doing it!). So I have no bias against Apple Savings, but I have no use for it. And as I'm sure you are aware, that 4.15% is subject to change, and probably will by the time you first use the account.
    I thought you only got 1% cash back when using the physical card?
    JP234
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  • Reply 29 of 43
    chutzpah said:
    JP234 said:
    Madbum said:
    JP234 said:
    Madtiger said:
    JP234 said:
    An Apple branded savings account is just a savings account. The only reason I have a bank savings account is for the discount on our safe deposit box, and free services like counting our coins, cashing checks from Facebook, Honda and other settlements, and notary public service. I fail to see how that would be implemented by an Apple online savings account.
    What is YOUR savings account rate?
    Our savings rate is 0.1%. But if it was 4.15% like Apple Savings, we'd stand to make an extra $9-10 a year. We keep only token money there to take advantages of the services previously mentioned. The rest of our cash is in money market funds, which currently offer more than 4.15%, and offer free checking, both online and hardcopy. As an Apple shareholder, I use every product Apple makes, if I can justify it financially or for entertainment. This savings account does neither for me.
    To each his own. Which money market fund? Most are not that much higher than 4.15 as I use them too. And they are not FDIC insured that met will share the SIPC brokerage insurance with your stock holdings.

    also the  ease of deposit and withdraw with the Apple Walley is simply unmatched 
    I have a Fidelity Govt. Cash reserves money market acct. As of this writing its current 7 day yield is 4.51%. I also have an Ally Bank money market (FDIC insured) that is currently yielding 4.0%. Both offer checking, 24/7 online deposit and withdrawal, debit cards (that offer free transactions at any MC or Visa ATM) and wire transfers. I've never had any issues with deposit or withdrawals. I use the Apple Wallet, Apple Pay, and have the Apple card (love to impress waitresses using that titanium credit card, and get 2% for doing it!). So I have no bias against Apple Savings, but I have no use for it. And as I'm sure you are aware, that 4.15% is subject to change, and probably will by the time you first use the account.
    I thought you only got 1% cash back when using the physical card?
    But he has to impress the waitresses! What would all those waitress do if he didn't show up with his titanium card? Think how dull and hollow their lives would be without the privilege of picking up his titanium card and swiping it! Won't somebody thing about the waitresses!
    JP234
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  • Reply 30 of 43
    eightzeroeightzero Posts: 3,209member
    JP234 said:
    chutzpah said:
    JP234 said:
    Madbum said:
    JP234 said:
    Madtiger said:
    JP234 said:
    An Apple branded savings account is just a savings account. The only reason I have a bank savings account is for the discount on our safe deposit box, and free services like counting our coins, cashing checks from Facebook, Honda and other settlements, and notary public service. I fail to see how that would be implemented by an Apple online savings account.
    What is YOUR savings account rate?
    Our savings rate is 0.1%. But if it was 4.15% like Apple Savings, we'd stand to make an extra $9-10 a year. We keep only token money there to take advantages of the services previously mentioned. The rest of our cash is in money market funds, which currently offer more than 4.15%, and offer free checking, both online and hardcopy. As an Apple shareholder, I use every product Apple makes, if I can justify it financially or for entertainment. This savings account does neither for me.
    To each his own. Which money market fund? Most are not that much higher than 4.15 as I use them too. And they are not FDIC insured that met will share the SIPC brokerage insurance with your stock holdings.

    also the  ease of deposit and withdraw with the Apple Walley is simply unmatched 
    I have a Fidelity Govt. Cash reserves money market acct. As of this writing its current 7 day yield is 4.51%. I also have an Ally Bank money market (FDIC insured) that is currently yielding 4.0%. Both offer checking, 24/7 online deposit and withdrawal, debit cards (that offer free transactions at any MC or Visa ATM) and wire transfers. I've never had any issues with deposit or withdrawals. I use the Apple Wallet, Apple Pay, and have the Apple card (love to impress waitresses using that titanium credit card, and get 2% for doing it!). So I have no bias against Apple Savings, but I have no use for it. And as I'm sure you are aware, that 4.15% is subject to change, and probably will by the time you first use the account.
    I thought you only got 1% cash back when using the physical card?
    You're right. But I'll take the 1%. Or use my Amazon Prime card if I want 2%. But on a $200 tab, that's a difference of a dollar.
    Still waiting for restaurants in the U.S. to start using portable POS devices that take Apple Pay, like virtually everywhere else in the developed world. All my favorite "order at the counter" restaurants have Apple Pay POS terminals. None of the "fine dining" ones do. And I literally HATE having to hand over a credit card to a stranger. There's no rational justification for it in 2023.
    I found that in Europe, the servers will not take your card from you even if you try to hand it to them. Indeed trying to do so absentmindedly is yet another cultural faux paux by this inexperienced American. 

    I do shop the cash back offerings on credit cards, and pay for everything with them. I keep track: I've hit credit card companies for over $1000/yr for many years now. That's actual money - and the IRS is clear that such "rebates" are not taxable like a savings account interest is.

    JP234
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  • Reply 31 of 43
    chutzpah said:
    JP234 said:
    Madbum said:
    JP234 said:
    Madtiger said:
    JP234 said:
    An Apple branded savings account is just a savings account. The only reason I have a bank savings account is for the discount on our safe deposit box, and free services like counting our coins, cashing checks from Facebook, Honda and other settlements, and notary public service. I fail to see how that would be implemented by an Apple online savings account.
    What is YOUR savings account rate?
    Our savings rate is 0.1%. But if it was 4.15% like Apple Savings, we'd stand to make an extra $9-10 a year. We keep only token money there to take advantages of the services previously mentioned. The rest of our cash is in money market funds, which currently offer more than 4.15%, and offer free checking, both online and hardcopy. As an Apple shareholder, I use every product Apple makes, if I can justify it financially or for entertainment. This savings account does neither for me.
    To each his own. Which money market fund? Most are not that much higher than 4.15 as I use them too. And they are not FDIC insured that met will share the SIPC brokerage insurance with your stock holdings.

    also the  ease of deposit and withdraw with the Apple Walley is simply unmatched 
    I have a Fidelity Govt. Cash reserves money market acct. As of this writing its current 7 day yield is 4.51%. I also have an Ally Bank money market (FDIC insured) that is currently yielding 4.0%. Both offer checking, 24/7 online deposit and withdrawal, debit cards (that offer free transactions at any MC or Visa ATM) and wire transfers. I've never had any issues with deposit or withdrawals. I use the Apple Wallet, Apple Pay, and have the Apple card (love to impress waitresses using that titanium credit card, and get 2% for doing it!). So I have no bias against Apple Savings, but I have no use for it. And as I'm sure you are aware, that 4.15% is subject to change, and probably will by the time you first use the account.
    I thought you only got 1% cash back when using the physical card?
    But he has to impress the waitresses! What would all those waitress do if he didn't show up with his titanium card? Think how dull and hollow their lives would be without the privilege of picking up his titanium card and swiping it! Won't somebody thing about the waitresses!
    Ha ha! That made me laugh. Not that I try to impress anyone with my physical Apple Card but it isn’t uncommon for me to get comments about it when I use it. Just this weekend a guy mentioned how cool he thought it was. Lots of times people comment on its weight.

    JP234 said:
    chutzpah said:
    JP234 said:
    Madbum said:
    JP234 said:
    Madtiger said:
    JP234 said:
    An Apple branded savings account is just a savings account. The only reason I have a bank savings account is for the discount on our safe deposit box, and free services like counting our coins, cashing checks from Facebook, Honda and other settlements, and notary public service. I fail to see how that would be implemented by an Apple online savings account.
    What is YOUR savings account rate?
    Our savings rate is 0.1%. But if it was 4.15% like Apple Savings, we'd stand to make an extra $9-10 a year. We keep only token money there to take advantages of the services previously mentioned. The rest of our cash is in money market funds, which currently offer more than 4.15%, and offer free checking, both online and hardcopy. As an Apple shareholder, I use every product Apple makes, if I can justify it financially or for entertainment. This savings account does neither for me.
    To each his own. Which money market fund? Most are not that much higher than 4.15 as I use them too. And they are not FDIC insured that met will share the SIPC brokerage insurance with your stock holdings.

    also the  ease of deposit and withdraw with the Apple Walley is simply unmatched 
    I have a Fidelity Govt. Cash reserves money market acct. As of this writing its current 7 day yield is 4.51%. I also have an Ally Bank money market (FDIC insured) that is currently yielding 4.0%. Both offer checking, 24/7 online deposit and withdrawal, debit cards (that offer free transactions at any MC or Visa ATM) and wire transfers. I've never had any issues with deposit or withdrawals. I use the Apple Wallet, Apple Pay, and have the Apple card (love to impress waitresses using that titanium credit card, and get 2% for doing it!). So I have no bias against Apple Savings, but I have no use for it. And as I'm sure you are aware, that 4.15% is subject to change, and probably will by the time you first use the account.
    I thought you only got 1% cash back when using the physical card?
    You're right. But I'll take the 1%. Or use my Amazon Prime card if I want 2%. But on a $200 tab, that's a difference of a dollar.
    Still waiting for restaurants in the U.S. to start using portable POS devices that take Apple Pay, like virtually everywhere else in the developed world. All my favorite "order at the counter" restaurants have Apple Pay POS terminals. None of the "fine dining" ones do. And I literally HATE having to hand over a credit card to a stranger. There's no rational justification for it in 2023.
    In just the last couple of months the two restaurants we frequent the most have transitioned to those. It’s nice being able to use Apple Pay at the table. However, in one case we have to specifically ask to do it, otherwise they want to take the card over to the spot where they keep the portable POS stored. Kinda stupid.
    JP234
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  • Reply 32 of 43
    mike1mike1 Posts: 3,502member
    mystigo said:
    I already started a transfer from my Bank of America 0.01% savings account to my shiny new Apple Savings account. The transfer request took, but it hasn't posted yet. I suspect there is a certain amount of Apple first day crush going on.
    Usually, those transactions will post overnight.
     0Likes 0Dislikes 0Informatives
  • Reply 33 of 43
    Madbummadbum Posts: 536member
    Madbum said:
    Very poor offering. There are dozens of other HYSA that offer more than 4.15%
    Yes from Joe Schmo small online banks who will hold up your transfers way longer than Goldman and Apple. Not to mention poor interface . 

    Wrong.
    Which one has better interface than Apple
    savings? Not CIT, Not Newtek Bank, which one Einstein?
     0Likes 0Dislikes 0Informatives
  • Reply 34 of 43
    mystigomystigo Posts: 184member
    mike1 said:
    mystigo said:
    I already started a transfer from my Bank of America 0.01% savings account to my shiny new Apple Savings account. The transfer request took, but it hasn't posted yet. I suspect there is a certain amount of Apple first day crush going on.
    Usually, those transactions will post overnight.
    It started earning interest right away. It shows in my balance but is still “In progress”
    edited April 2023
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  • Reply 35 of 43
    JP234 said:
    chutzpah said:
    JP234 said:
    Madbum said:
    JP234 said:
    Madtiger said:
    JP234 said:
    An Apple branded savings account is just a savings account. The only reason I have a bank savings account is for the discount on our safe deposit box, and free services like counting our coins, cashing checks from Facebook, Honda and other settlements, and notary public service. I fail to see how that would be implemented by an Apple online savings account.
    What is YOUR savings account rate?
    Our savings rate is 0.1%. But if it was 4.15% like Apple Savings, we'd stand to make an extra $9-10 a year. We keep only token money there to take advantages of the services previously mentioned. The rest of our cash is in money market funds, which currently offer more than 4.15%, and offer free checking, both online and hardcopy. As an Apple shareholder, I use every product Apple makes, if I can justify it financially or for entertainment. This savings account does neither for me.
    To each his own. Which money market fund? Most are not that much higher than 4.15 as I use them too. And they are not FDIC insured that met will share the SIPC brokerage insurance with your stock holdings.

    also the  ease of deposit and withdraw with the Apple Walley is simply unmatched 
    I have a Fidelity Govt. Cash reserves money market acct. As of this writing its current 7 day yield is 4.51%. I also have an Ally Bank money market (FDIC insured) that is currently yielding 4.0%. Both offer checking, 24/7 online deposit and withdrawal, debit cards (that offer free transactions at any MC or Visa ATM) and wire transfers. I've never had any issues with deposit or withdrawals. I use the Apple Wallet, Apple Pay, and have the Apple card (love to impress waitresses using that titanium credit card, and get 2% for doing it!). So I have no bias against Apple Savings, but I have no use for it. And as I'm sure you are aware, that 4.15% is subject to change, and probably will by the time you first use the account.
    I thought you only got 1% cash back when using the physical card?
    But he has to impress the waitresses! What would all those waitress do if he didn't show up with his titanium card? Think how dull and hollow their lives would be without the privilege of picking up his titanium card and swiping it! Won't somebody thing about the waitresses!
    Well, so what if I may be shallow, dumb, bald and middle class. Not everyone can be the Dalai Lama, Albert Einstein, Chris Hemsworth, or Warren Buffett. I'm sure if I met you I'd be humbled and ashamed of my lack of accomplishments. So please cut me some slack if I can show off for a waitress, and throw a few extra bucks into her tip. How else am I gonna get her home with all I lack?
    I see the problem here. You are confusing restaurant workers with sex workers. Both are respectable professions but they provide very different services. The latter is the one provides companionship for money. 

    Or you could give up the blatant sexism, just thinking out loud. 


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  • Reply 36 of 43
    chutzpahchutzpah Posts: 392member
    JP234 said:
    chutzpah said:
    JP234 said:
    Madbum said:
    JP234 said:
    Madtiger said:
    JP234 said:
    An Apple branded savings account is just a savings account. The only reason I have a bank savings account is for the discount on our safe deposit box, and free services like counting our coins, cashing checks from Facebook, Honda and other settlements, and notary public service. I fail to see how that would be implemented by an Apple online savings account.
    What is YOUR savings account rate?
    Our savings rate is 0.1%. But if it was 4.15% like Apple Savings, we'd stand to make an extra $9-10 a year. We keep only token money there to take advantages of the services previously mentioned. The rest of our cash is in money market funds, which currently offer more than 4.15%, and offer free checking, both online and hardcopy. As an Apple shareholder, I use every product Apple makes, if I can justify it financially or for entertainment. This savings account does neither for me.
    To each his own. Which money market fund? Most are not that much higher than 4.15 as I use them too. And they are not FDIC insured that met will share the SIPC brokerage insurance with your stock holdings.

    also the  ease of deposit and withdraw with the Apple Walley is simply unmatched 
    I have a Fidelity Govt. Cash reserves money market acct. As of this writing its current 7 day yield is 4.51%. I also have an Ally Bank money market (FDIC insured) that is currently yielding 4.0%. Both offer checking, 24/7 online deposit and withdrawal, debit cards (that offer free transactions at any MC or Visa ATM) and wire transfers. I've never had any issues with deposit or withdrawals. I use the Apple Wallet, Apple Pay, and have the Apple card (love to impress waitresses using that titanium credit card, and get 2% for doing it!). So I have no bias against Apple Savings, but I have no use for it. And as I'm sure you are aware, that 4.15% is subject to change, and probably will by the time you first use the account.
    I thought you only got 1% cash back when using the physical card?
    You're right. But I'll take the 1%. Or use my Amazon Prime card if I want 2%. But on a $200 tab, that's a difference of a dollar.
    It's a difference of $2.  You might not be so good with the money as you think you are.
    Madbumwilliamlondon
     2Likes 0Dislikes 0Informatives
  • Reply 37 of 43
    Appleishappleish Posts: 777member
    More than four times the rate I get with the current account I use for moving cash around.

    Took three seconds to set up. Cash is on its way to 4+% interest. 

    Of course after the House crashes the world economy in a few weeks, anything might happen.
    edited April 2023
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  • Reply 38 of 43
    Madbummadbum Posts: 536member
    Appleish said:
    More than four times the rate I get with the current account I use for moving cash around.

    Took three seconds to set up. Cash is on its way to 4+% interest. 

    Of course after the House crashes the world economy in a few weeks, anything might happen.
    In a few weeks?  the economy has been crashing, where have you been? You want them to rubber stamp more spending? Which will make inflation even worse?
    edited April 2023
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  • Reply 39 of 43
    Madbummadbum Posts: 536member
    JP234 said:
    chutzpah said:
    JP234 said:
    Madbum said:
    JP234 said:
    Madtiger said:
    JP234 said:
    An Apple branded savings account is just a savings account. The only reason I have a bank savings account is for the discount on our safe deposit box, and free services like counting our coins, cashing checks from Facebook, Honda and other settlements, and notary public service. I fail to see how that would be implemented by an Apple online savings account.
    What is YOUR savings account rate?
    Our savings rate is 0.1%. But if it was 4.15% like Apple Savings, we'd stand to make an extra $9-10 a year. We keep only token money there to take advantages of the services previously mentioned. The rest of our cash is in money market funds, which currently offer more than 4.15%, and offer free checking, both online and hardcopy. As an Apple shareholder, I use every product Apple makes, if I can justify it financially or for entertainment. This savings account does neither for me.
    To each his own. Which money market fund? Most are not that much higher than 4.15 as I use them too. And they are not FDIC insured that met will share the SIPC brokerage insurance with your stock holdings.

    also the  ease of deposit and withdraw with the Apple Walley is simply unmatched 
    I have a Fidelity Govt. Cash reserves money market acct. As of this writing its current 7 day yield is 4.51%. I also have an Ally Bank money market (FDIC insured) that is currently yielding 4.0%. Both offer checking, 24/7 online deposit and withdrawal, debit cards (that offer free transactions at any MC or Visa ATM) and wire transfers. I've never had any issues with deposit or withdrawals. I use the Apple Wallet, Apple Pay, and have the Apple card (love to impress waitresses using that titanium credit card, and get 2% for doing it!). So I have no bias against Apple Savings, but I have no use for it. And as I'm sure you are aware, that 4.15% is subject to change, and probably will by the time you first use the account.
    I thought you only got 1% cash back when using the physical card?
    You're right. But I'll take the 1%. Or use my Amazon Prime card if I want 2%. But on a $200 tab, that's a difference of a dollar.
    Still waiting for restaurants in the U.S. to start using portable POS devices that take Apple Pay, like virtually everywhere else in the developed world. All my favorite "order at the counter" restaurants have Apple Pay POS terminals. None of the "fine dining" ones do. And I literally HATE having to hand over a credit card to a stranger. There's no rational justification for it in 2023.
    All of them have it by law. You can use Apple Pay at all of them if you just take your check to the front and pay there with Apple Pay.
     0Likes 0Dislikes 0Informatives
  • Reply 40 of 43
    Madbummadbum Posts: 536member
    JP234 said:
    Madbum said:
    JP234 said:
    Madtiger said:
    JP234 said:
    An Apple branded savings account is just a savings account. The only reason I have a bank savings account is for the discount on our safe deposit box, and free services like counting our coins, cashing checks from Facebook, Honda and other settlements, and notary public service. I fail to see how that would be implemented by an Apple online savings account.
    What is YOUR savings account rate?
    Our savings rate is 0.1%. But if it was 4.15% like Apple Savings, we'd stand to make an extra $9-10 a year. We keep only token money there to take advantages of the services previously mentioned. The rest of our cash is in money market funds, which currently offer more than 4.15%, and offer free checking, both online and hardcopy. As an Apple shareholder, I use every product Apple makes, if I can justify it financially or for entertainment. This savings account does neither for me.
    To each his own. Which money market fund? Most are not that much higher than 4.15 as I use them too. And they are not FDIC insured that met will share the SIPC brokerage insurance with your stock holdings.

    also the  ease of deposit and withdraw with the Apple Walley is simply unmatched 
    I have a Fidelity Govt. Cash reserves money market acct. As of this writing its current 7 day yield is 4.51%. I also have an Ally Bank money market (FDIC insured) that is currently yielding 4.0%. Both offer checking, 24/7 online deposit and withdrawal, debit cards (that offer free transactions at any MC or Visa ATM) and wire transfers. I've never had any issues with deposit or withdrawals. I use the Apple Wallet, Apple Pay, and have the Apple card (love to impress waitresses using that titanium credit card, and get 2% for doing it!). So I have no bias against Apple Savings, but I have no use for it. And as I'm sure you are aware, that 4.15% is subject to change, and probably will by the time you first use the account.
    Well Fed is likely hiking again in May so the 4.15 will likely go up 

    also, all those other things you are doing are fine, but if you have Apple Card already, 3 clicks and have an extra option of a super easy 4.15 percent saving account backed by a gold standard bank and Apple is  not too bad at all …


    edited April 2023
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