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Apple Savings Account

Posted: Sat Dec 23, 2023 6:15 am
by dualstow
I was reluctant to put this in the cash section because it is not the kind of thing one should be using for the cash portion of the pp. I’m curious if anyone is using it, though. Some of my friends are. It’s not for me.

This link is from October and does not include the recent rate hike to 4.25%, but it has the basics.
https://www.investopedia.com/apple-card ... es-8363637

Re: Apple Savings Account

Posted: Sat Dec 23, 2023 10:13 pm
by boglerdude
> it is not the kind of thing one should be using for the cash portion of the pp

? its FDIC insured

https://old.reddit.com/r/AppleCard/comm ... ce_so_far/

Impressed with Discover Savings, good website and support. IIRC banks are not enforcing the 6 withdrawals per month cap on savings accounts, but I wouldnt want to test it

Re: Apple Savings Account

Posted: Sun Dec 24, 2023 8:29 am
by dualstow
it’s FDIC insured

Maybe I’m too strict. That’s probably enough for most. I think the whole thing is going to collapse anyway, as Goldman wants out, and I doubt Apple is going to get into the banking business.