Over 250k but outdated iOS? Cmon son
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Apple Card Savings Account Available Starting Today With 4.15% Interest Rate
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I might do 50k see how it goes. If smooth, I’ll do 250k under my account and 250k under wifey. A cool 21k annually pre tax!
TheYayAreaLiving 🎗️
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I don't think he cares about the Trillion of Dollars. He cares more for the hard-earned consumer's money. The money we spend on Apple. Had he cared about Trillions of Dollars, the prices of the current Apple products would be lowered today but we don't see that happening.
Phone gets worse the newer the update. I keep my phones for several cycles, hence the 250k. Lol
Chase?! I know AMEX does as I have it, but to this day, Chase said they don’t. Where/how did you open one at Chase?
Oh boy, this is somewhat cool. Took about 20 seconds and it transferred my daily cash into it. I’m 94 cents richer! But it is linked to my credit union checking account so I can transfer very easily (takes 3-4 days). I just got a CD at 3.9% so this is much better.
FYI I just figured this out. If you never have verified your identity in your Apple Cash card, you will not see this available. I went to my Apple Cash card settings, and hit the verify identity or whatever it was called and once I completed that I was able to move my current Apple Cash balance to the savings.
No need to put up with that. I have savings with Ally, Amex and Discover. All are paying around 3.5%.
Right. Chase and Citi are banks. They offer the accounts. Visa and Mastercard are just the payment network in which your cards operate. They are not your lender or deposit holder.
AMEX and Discover operate as all of the above: issuer, lender, payment network, deposit holder
Again, an uninsured investment account is not an apples to apples comparison.
This seems to be the steps, but it appears I've already done-so because I don't show that option on the screen they say it will appear on.
Verify your identity for Apple Card or Apple Cash - Apple Support
To protect your account, you might be asked to verify your identity when using Apple Cash or applying for Apple Card.
Ahh mystery solved, thanks for sharing!
The interest rate is tied to that of the Fed funds. It's high for now but will likely go down either at the end of this year or next as inflation gets under control (and/or the economy collapses i.e. recession).
May be freeing, but it's bad advice for people trying to improve their credit score. When you cancel a credit card, your average account history length is impacted and overall available credit decreases. Both are a significant factor in determining your score.
You don't need to stop using credit cards to avoid debt... you just need to manage your spending and pay off your cards on time. If there comes a time where you need credit to survive, you'll wish you had the larger balance to take advantage of as it could be too late to get an increase or open a new line of credit. I'm sure most people would rather wreck their credit than not be able to pay utility bills or buy food.
TheYayAreaLiving 🎗️
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For those that are having trouble setting it up. Try this! 👇
Thanks so much. It now works for me!!
I agree. It's nice having automatic deposits setup so you can set and forget.
Yikes...
On the other hand, he is known for being mainly a bean counter... 🤔