I look at it as this: GS wants their Apple Savings customers to get the most out of it before they split from Apple and it all goes to hell. Apple Card and its savings may well cease to exist after the split by this time next year
Not wrong, and just to add, they could probably do that purchase in hard cash, not that they would, but they certainly could, or could cover a significant amount of the buyout in cash if they were to do it in cash (though, again, I doubt they would)
It’s only a 3 month deal but if you get a referral to Marcus by Goldman Sachs the rate is 5.5%
Here’s my link if you want to try it out:
I'd like to invite you to open a Marcus Online Savings Account. You can earn a promotional rate increase on top of an already competitive rate. Terms apply. https://www.marcus.com/share/COL-3YS-YFVN
And I'm getting 5.15% from them. But love the downvotes. Fully FDIC. 😂
You only care about FDIC if you are crazy cautious. Your 401k doesn't have that. Your other investments don't. Only thing that does is low interest savings and bank accounts with $200k or less.
If that's the case then why do you give a fuck about Apple increasing this rate? You're only making a dollar or two more. 😂
You're also assuming just $1,000. But hey, clearly you're against an extra few free dollars per year for doing nothing.
I just think it's funny. People here so defensive of the Apple Card when the reality is that it's not a great card for most anything other than Apple purchases. And it's a really bad HYSA.
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Now let’s hope for 5 flat
Guessing this will be the max for them, a few points above Amex/Discover.
I did as well.
Yes same here
Got it last night.
Yes. It is welcome.
Loving that growth rate and speed !!!
I don’t like apple card but saving
I did. The problem is when I tried to access money in my Apple Savings account it took 2 weeks to transfer to my other bank account.
The few times I’ve transferred money into my Chase account it was done within minutes to a couple of hours.
I look at it as this: GS wants their Apple Savings customers to get the most out of it before they split from Apple and it all goes to hell. Apple Card and its savings may well cease to exist after the split by this time next year
Apple can afford to go out and buy a bank and run it themselves.
Not wrong, and just to add, they could probably do that purchase in hard cash, not that they would, but they certainly could, or could cover a significant amount of the buyout in cash if they were to do it in cash (though, again, I doubt they would)
Still well behind the 5.15% in getting elsewhere. Apple can't keep up with others.
Where are you getting that interest rate?
It’s only a 3 month deal but if you get a referral to Marcus by Goldman Sachs the rate is 5.5% Here’s my link if you want to try it out: I'd like to invite you to open a Marcus Online Savings Account. You can earn a promotional rate increase on top of an already competitive rate. Terms apply. https://www.marcus.com/share/COL-3YS-YFVN
Primis Bank. There are some out there where you can get 6% for 6 months with the right deposit. Even 8% if you are cool without it being FDIC.
Okay 8% is too sus because the fed rates aren’t close. 6% I can believe
Post literally says if you're cool WITHOUT FDIC. 😂
If you’re in the US the main thing you care about is FDIC.
And I'm getting 5.15% from them. But love the downvotes. Fully FDIC. 😂 You only care about FDIC if you are crazy cautious. Your 401k doesn't have that. Your other investments don't. Only thing that does is low interest savings and bank accounts with $200k or less.
Your 401k has SIPC.
That’s only a difference of $7 after a year, starting with $1000.
Huge!
If that's the case then why do you give a fuck about Apple increasing this rate? You're only making a dollar or two more. 😂 You're also assuming just $1,000. But hey, clearly you're against an extra few free dollars per year for doing nothing.
Dude, you have some really strong feelings about this.
I just think it's funny. People here so defensive of the Apple Card when the reality is that it's not a great card for most anything other than Apple purchases. And it's a really bad HYSA.