They report on Friday. I am curious how well this last quarter did.Nah, like most everything they do, they will just own ENOUGH of it to maintain a decent profit.![]()
They report on Friday. I am curious how well this last quarter did.Nah, like most everything they do, they will just own ENOUGH of it to maintain a decent profit.![]()
Can anyone explain what this statement means?Anyone received $0.01? Because I feel like that’s still plenty of money that’s coming from Apple.
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Apple reports on Thursday, May 4, 2023. Unless you're in a different time zone.They report on Friday. I am curious how well this last quarter did.
My comment was just joking. No need to get your feelings hurt 🤣Thats just extra cash I have from other investments. But hey you are the expert.
Oh Jeez. I thought it was Friday. Thanks for letting me know!Apple reports on Thursday, May 4, 2023. Unless you're in a different time zone.
Where should we be putting our money then? What's a great savings account, with a bank we can trust, that has a higher rate than Apple's savings account? I'm genuinely interested.IMO if you’re going with a bank such as UFB Direct (via Axos) that was established in 1999 then you’re already doing it wrong. National banks with decade long reputations are the only places I would even look at as they are typically too big to fail. Even Axos who owns UFB Direct looks shady as hell.
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Axos Financial - Wikipedia
en.m.wikipedia.org
View attachment 2196219not bad for just a week of interest
It's not that people aren't doing research. I think it's more about the 2% cash back on purchases fed straight into a savings account that pays 4.15% with zero effort. Check it once or twice a year to decide if you want to invest your "free" money on top of free money in something more lucrative, like I-bonds for 6.89% or AAPL for even more.They are going to, because the rates will follow whatever the fed does.
4.15% isn't even the highest paying savings account out there. Amazing that people will put their money into this without doing one minute of research to see there are better options.
If you think it is not Apple then you are kind of being naïve. Sure Apple does not have regulatory authority to officially be a bank but they found a loophole to act as are a bank! It has Apple branded all over it and and I am sure the terms with Goldman Sachs are very much in Apple's favor and the I'm sure the features of the Saving Account were specifically dictated by Apple. Goldman Sachs has their own high interest Savings Account that I would never touch with a 10 foot pole!
Apple can use this free one billion dollars cash to their own liking, duplicating what banks already do.
The savings rate is tied to the Fed rate, and I would think GS dictates what they will offer in relation to that.I'm ready to make some serious money from my Apple Card Savings Account.
Apple better not change its mind on that 4.15% APR rate. More deposits to come in the future! We are locked in now! Let's go!!
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No feelings hurt😂My comment was just joking. No need to get your feelings hurt
Not even half of thatLooks like you put the FDIC covered max in there.
The savings rate is tied to the Fed rate, and I would think GS dictates what they will offer in relation to that.
If I opted to use Apple Savings and their credit card, is there a way to use the funds to a). Pay bills that don't take credit cards - like with checks or bill pay or something (handyman, gardener, etc. that don't take Zelle, etc.), and b). have companies be able to auto-debit funds (think Verizon) every month?
I’m guessing the events of the last 2 months have customers seeking safety. This account has the benefit of getting online bank-like rates from a “too-big-to-fail” bank. Of course, it’s capped at the $250,000 FDIC limit, so for the depositor it doesn’t really matter who the bank is.I was not expecting that much to be deposited so soon lmao damn.
I hope they remain competitive even when the market shifts. I don’t wanna keep shifting money from savings to savings.
their app/process is so easy and smooth though. I’ll definitely always keep at least some funds in Apple despite where their APY goes.