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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?

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.
 
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.
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.
 
I'm happy to not just have 'Apple Cash' sitting there. This was very easy to set up so no reason not to use it.
 
Great experience and easy setup. Moved just under the FDIC insured limit to my new Apple Savings account- it was seemless!
 
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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.
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.
 
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.
What’s your point? Apple shouldn’t offer the HYSA or 0% interest installments because some people are bad with finances?
 
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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.
How is it funny that someone would have enough money in a bank account to make interest that could pay for an iPhone?
 
Because they are financial geniuses that know what's best for everyone. They are giving us all free advise!😂

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. 😝
 
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. 😝
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.
 
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And of course the iCoffin Max Pro at your funeral!
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...

someone bookmark this and see how far off I am in 15 years.
 
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.
Apple is still on the hook for this money ?
don't care what Apple does with this money.
I don't think any one will call Goldman to get their money back.
 
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