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Apple Card Savings Account Available Starting Today With 4.15% Interest Rate
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Doubt that would work as a non-us citizen and i do not feel comfortable having all my money saved abroad. Tax office would probably not like it either
Same here, not seeing it.
No option to sign up here. Running latest version
Someone on Reddit said it goes live at 1 pm EST.
No option yet to set it up on my phone, I am in Florida.
According to 9to5mac
“It’s expected to fully roll out around 1 p.m. EDT/10 a.m. PDT.”
“It’s expected to fully roll out around 1 p.m. EDT/10 a.m. PDT.”
Makes sense. That’s often the launch time for things.
I don't get it. Wouldn't you still pay with charge/credit cards and pay them off at a later date, while keeping the money in this account?
From the very first paragraph of the post: no.
That's, wow.. a really good rate! Didn't expect that.
I might move my capital one 360 hya savings into this.
I might move my capital one 360 hya savings into this.
Me, either, but this rate seems to make it a little bit easier to decide to move some money over to save up for small purchases and projects, like that M-series MacBook Air we keep hearing about.
I got rid of my account. Tying a savings card to a credit card is counter-intuitive and using a credit card is folly, I started to fall for it and realized the error of my ways. I don't fool with debt. Pay off your cards and cancel account, it is freeing!!!
Update: I LOVE THE DISLIKES!!!! It means I'm doing things CORRECTLY as they are probably coming from people who make payments on stupid things like phones and computers and cars. Thanks for the encouragement!
Update: I LOVE THE DISLIKES!!!! It means I'm doing things CORRECTLY as they are probably coming from people who make payments on stupid things like phones and computers and cars. Thanks for the encouragement!
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That’s not how interest earning APY works unfortunately.
I currently have four credit cards and haven't paid a dime in interest in over a decade, but I get all the rewards. I pay them off twice per month.
Treat them exactly like a debit card and you wont have an issue.
I had/have Cap 360 and am not really a fan anymore. just going to continue using my credit card with them and focus on Chase, AMEX and Apple.
I'll definitely sign up. The interest rate is exceptional, especially considering that two of my bank accounts currently offer zero percent.
There's better consumer protections with a credit card versus cash, check, or debit. It's also easier to shut down a credit card if there's fraud, versus shutting down a checking account. As long as you pay on time, you can get interest in your money in savings, and not pay any fees or interest in your credit account.
He’s referring to AMEX and Discover’s “high-yield” online savings products.
Wow! That's a helluva rate compared to what they are offering now in Europe for saving accounts! If this was available in my country, I'd be opening an account in the blink of an eye. I recently saw a tv item about traditional banks sh*****g their pants about tech companies getting into the finance business, and this is just another good example why.
Spoiler alert: it's going to fluctuate.
Savings accounts are never fixed. Chances are, in the short-term (next year or so) is that the rate will rise, if they are tracking the prime rate.
My current savings account is 3.5%, so this is pretty good even if only lasted a few months. You don't lose principal and past accumlated interest when the rate drops.