TheYayAreaLiving 🎗️
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This article hit 1000 solid comments. In recognition, Going to deposit 💲1,000.00 USD into Apple Card Savings Account. 🤑
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Apple Card Savings Account Available Starting Today With 4.15% Interest Rate
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I’m a people person, it’s fun and frankly beats watching TV
Also never had a hard time selling gold, and it’s always beat the best savings accounts by miles
Building wealth is work, everything in life worth doing is work, I love work, lots of no work in death and poverty
Plus it’s fun
Yes, and no. Debit cards have some of the protections credit cards have but if some type of fraud is involved, your bank account is going to be frozen for however long it takes for them to figure out what happened. That means you're not going to be able to access your paycheck or money in your account. I'd be perfectly fine if all of of my credit cards got frozen, but if my checking account was frozen I won't have access to my paycheck and can't pay bills.
You might say well just pay your bills with a credit card, but that seems like a far worse situation of putting bills on a credit card with having zero money and zero income.
I'd say if you know you have no discipline with credit cards then you have to make do with a debit card but if you have any kind of willpower not just to max out your card, then a credit card is much safer to use.
Thanks. Got it. I was wondering if there was a way without the debit card involved, like Zelle or something. I guess it really doesn't matter.
I've moved my mid/long term savings over to Apple. Happy to have the 4%.
All the more reason why you should have a dedicated account for whatever your debit card is linked to. It should never contain more than "piss away" money, and if you need more than that, you transfer it in just before withdrawing it.
This leaves your "real" account you use for mortgage and such firewalled completely from debit card fraud.
Cool. But most folks just want to put some money away in a safe savings account as they already have a job. They usually don’t want to buy and sell gold in some sketchy transaction. You have fun with your hobby. It’s not that easy for most everyday people and not an easy option.
it’s been a whole lot of fun watching all the financial professionals here on a tech forum Showing us normal folk how to become rich and whatnot. 😜 While telling us a 4.15% savings account is nothing and using credit in any form is stupid. Good times!
Price of gold
- transaction fees
- middle men
- other fees
= less than my apple savings account.
Me too
But I’d rather my savings account be gold in my physical control vs fiat money with a bank account my creepy gov pervs out on
right 😂. I hate and love these threads. filled with people telling others that we’re “still in the red” with a 4.15% APY savings account and we are “fools” for getting points from credit cards. 😵💫
Figure inflation is more like just a hair under 20% post gov induced covid hysteria, that’s about how much fiat money they printed
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TheYayAreaLiving 🎗️
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My WF account was the only one I didn’t have to do the verification over the phone for. I’ve used my WF checking to setup Apple Pay when it debuted but I never had to call them.
Even to set a schedule of recurring deposits from WF to Apple Savings, it did the two test/trial deposits and I was good to go.
Wasn’t Wells Fargo bailed out when they wrote all that bad paper back in the day?
They have a stellar past for sure...
In 2016 the Consumer Financial Protection Bureau slapped Wells Fargo Bank with a $100 million fine for illegally opening credit card and deposit accounts for customers and then assessing millions of dollars in fees against these accounts. This is the largest fine ever imposed by the federal watchdog charged with protecting consumers’ rights.
According to the CFPB, Wells Fargo employees opened 1.5 million fraudulent accounts and 565,000 credit cards without the consent of customers in an effort to meet aggressive sales goals. This massive fine highlights the unprecedented nature of this bad conduct, which breached the trust of hundreds of thousands of their account holders. The bank’s employees were moving funds from members’ existing accounts into new accounts, resulting in unauthorized fees that account holders were left to pay.
Rates are coming down, and might just crater if congress lets us default on debt starting in mid-June, JuLy. Future rates would be HUGE, but current bonds being priced would crater due to default risk. US bond credit default swaps are currently at the highest in our lifetimes, more so than during the financial crises or the 2011 previous debt limit default showdown.
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As mentioned earlier - I configured my paycheck to deposit something in Apple Savings. With my regular bank, I generally receive my money a day (and rarely 2 days) earlier than the actual payday, which is tomorrow.
This time around - I did receive my pay in my regular bank a day early, as usual. I did NOT see the deposit to Apple Savings. It's not technically due to be deposited until tomorrow, but I was hopeful. Hopes dashed. Now I am hoping it shows up tomorrow - otherwise I will have to call around and demand satisfaction (figure out where the problem is).
This time around - I did receive my pay in my regular bank a day early, as usual. I did NOT see the deposit to Apple Savings. It's not technically due to be deposited until tomorrow, but I was hopeful. Hopes dashed. Now I am hoping it shows up tomorrow - otherwise I will have to call around and demand satisfaction (figure out where the problem is).
Well, interesting. As noted above, it was NOT there this morning. I also checked it a few times throughout the day. Not there.
I just checked it now, just before midnight. Not only is it there, it tells me it has been there since around 1am today!
I'm calling BS on 1AM, but at least it made it. So, successful auto deposit from my paycheck to Apple Savings, using the routing and account numbers provided in Wallet.
Just got a notification about Apple Savings interest. When I checked the account, it said it was applied 45 mins ago.
so it seems they pay interest at the end of the month...same as sending out statements and such.
so it seems they pay interest at the end of the month...same as sending out statements and such.
yup I came in to also say my interest was paid at about 10pm EST. 👌🏾