Do you honestly think that's what most are going to do?Purchase using the Apple Card. Payoff in full each month. Get cash back. Cash back goes into HYSA to earn 4.15 APY. That’s fairly healthy.
Do you honestly think that's what most are going to do?
And of course the iCoffin Max Pro at your funeral!Today is Apple Savings… tomorrow is iLoan for the iCar.
It's bad for most. But if one is sitting on a pile of cash, it's better to invest it somewhere, and make purchases via credit. Especially when it comes to depreciating assets."Pay later" is not healthy... it's a fancy way of saying "more debt".
Looks like it’ll be an iCremation Urn mini for me.And of course the iCoffin Max Pro at your funeral!
You can get 55 days to pay on a credit card if you use it at the right time. Just use it right after your normal statement date.It's bad for most. But if one is sitting on a pile of cash, it's better to invest it somewhere, and make purchases via credit. Especially when it comes to depreciating assets.
$50K gets you just over $2K/yr LOL.Add enough to the account so the interest pays for a new iPhone each year, no complaints here.
This thread is pretty much wholly about others financial decisions.I don't understand why some in this thread fixate on others' financial decisions.
Not sure why that is an LOL. That is the point of a savings account, to earn interest on cash you keep on hand. That also doesn't factor in the Daily Cash.$50K gets you just over $2K/yr LOL.
I found your idea of using interest to pay for your yearly phone funny, hence the LOL. I just calced the $25K amount as a thought exercise.Not sure why that is an LOL. That is the point of a savings account, to earn interest on cash you keep on hand. That also doesn't factor in the Daily Cash.
Because they are financial geniuses that know what's best for everyone. They are giving us all free advise!😂I don't understand why some in this thread fixate on others' financial decisions.
What’s your point? Apple shouldn’t offer the HYSA or 0% interest installments because some people are bad with finances?Do you honestly think that's what most are going to do?
Whilst the ease is much to think about saving in a HYSA is something people can do already.
Paying off in full has been a feature since credit cards were invented.
How is it funny that someone would have enough money in a bank account to make interest that could pay for an iPhone?I found your idea of using interest to pay for your yearly phone funny, hence the LOL. I just calced the $25K amount as a thought exercise.
Because they are financial geniuses that know what's best for everyone. They are giving us all free advise!😂
I agree completely. It's all the "you're stupid for putting your money in a savings account that ONLY gives you 4.15%" comments that are annoying.The ideas are certainly welcome. Though. so far none of the suggestions has been more attractive than Apple Card Savings.
My approach to retirement savings is very different; let me share the details. If you don't do it like I do, you're obviously doing it wrong. 😝
And for a subscription that your heirs can pay, they'll upload your avatar into xrOS. And if you have iCloud legacy account setup, your inheritor can choose to use the data to create a consciousness that you can interact with in the Health app...And of course the iCoffin Max Pro at your funeral!
Is that a real poncho or is that a Sears poncho?How is it funny that someone would have enough money in a bank account to make interest that could pay for an iPhone?
It is still a real US bank behind the scenes. Apple is the just the middle man.Many people trust Apple more than any bank. No comparison. This is going to be huge.
Apple is still on the hook for this money ?So there are a lot of clueless Apple users out there then? The deposited money goes to Goldman Sachs, it doesn't stay with Apple.