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Other banks are steadily raising the APY, Apple/GS hasn't budged. Originally I got 4.15 from Apple and 3.5 from Capital One. Now they are both 4.15. I moved some funds to Apple but haven't moved more. If they want to grow their holdings, they need to outdo the other banks. Make it 5%!
 
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Other banks are steadily raising the APY, Apple/GS hasn't budged. Originally I got 4.15 from Apple and 3.5 from Capital One. Now they are both 4.15. I moved some funds to Apple but haven't moved more. If they want to grow their holdings, they need to outdo the other banks. Make it 5%!
I was going to add this same comment. Capital One up .65% in the last 60 days while Apple stays the same. Apple looked great at the start but I guess they made it slightly higher than others to get people to convert knowing they wouldn't raise it anytime soon. If Capital One goes higher than Apple Savings then I'll be switching my money back to Capital One.
 
In the end, NOW, this was no longer worth it. Took me three days to move six figures out and over to one of my other accounts where it’s yielding 5.29%.. Apple / Goldman really should keep up a bit more here, but with apparently 10 BILLION moved in, for them to take 1% provides a nice little bit of change for them.

It’s nice to have but overall the opportunity cost, which a bit small isn’t worth it.
 
In the end, NOW, this was no longer worth it. Took me three days to move six figures out and over to one of my other accounts where it’s yielding 5.29%.. Apple / Goldman really should keep up a bit more here, but with apparently 10 BILLION moved in, for them to take 1% provides a nice little bit of change for them.

It’s nice to have but overall the opportunity cost, which a bit small isn’t worth it.
Was that 3 days for one 6 figure transaction or did you do multiple?
 
In the end, NOW, this was no longer worth it. Took me three days to move six figures out and over to one of my other accounts where it’s yielding 5.29%.. Apple / Goldman really should keep up a bit more here, but with apparently 10 BILLION moved in, for them to take 1% provides a nice little bit of change for them.

It’s nice to have but overall the opportunity cost, which a bit small isn’t worth it.

Goldman is trying to get out of their contract with Apple as they are losing billions of dollars on it. It doesn’t surprise me that they aren’t raising their savings rate as they were never that good to begin with.

 
Was that 3 days for one 6 figure transaction or did you do multiple?
No, multiple transactions over 72-80 hours..I tried to time them and schedule them to increase the odds of execution without interruption. In the end, seems not to have mattered.
 
In the end, NOW, this was no longer worth it. Took me three days to move six figures out and over to one of my other accounts where it’s yielding 5.29%.. Apple / Goldman really should keep up a bit more here, but with apparently 10 BILLION moved in, for them to take 1% provides a nice little bit of change for them.

It’s nice to have but overall the opportunity cost, which a bit small isn’t worth it.
Where are you getting that rate? I’d like to look into it.
 
Where are you getting that rate? I’d like to look into it.
At the time, that was fidelity, gov’t sort term treasury money market.. still there or higher. But at this point many online savings and checking accounts are offering 5.25+. Check out bankrate.com or nerdwallet.com
 
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