Study Hall: Details on Apple's New Savings Account
Earn Your Leisure
iHeartPodcasts
4.9 • 7.9K Ratings
🗓️ 28 April 2023
⏱️ 12 minutes
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Summary
In this Study Hall we discuss Apple's new savings account with no minimum backed by Goldman Sachs.
#earnyourleisure #apple #savings
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Transcript
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| 0:00.0 | You don't need special gadgets to be a hero. |
| 0:03.9 | With unlimited 1.5% cashback on every purchase, everywhere, the Capital One Quick Silver |
| 0:08.6 | card makes you the hero of every purchase. |
| 0:11.4 | Whether it's headphones, a lounge chair, or even a well-deserved massage, whatever the |
| 0:15.4 | Quick Silver purchase, you're the hero. |
| 0:17.9 | No fighting bad guys, getting an epic card chases, or parachuting out of buildings required. |
| 0:23.1 | Simple isn't it? |
| 0:24.3 | Capital One Quick Silver card. |
| 0:26.3 | What's in your wallet? |
| 0:27.8 | And supply, capital One dot com for details. |
| 0:32.2 | Apple. |
| 0:33.2 | Yes, baby launches its savings account with 1.4.15% entry. |
| 0:40.8 | I don't know. |
| 0:41.8 | Apple has launched its Apple card savings account offering a 4.15% annual percentage yield |
| 0:52.5 | APY with no minimum deposit or balance requirements. |
| 0:57.8 | But users can set up an account through a wallet app on their iPhone. |
| 1:03.0 | Daily cash rewards earned through the Apple card will automatically be deposited in the |
| 1:10.2 | savings account. |
| 1:11.2 | And the users can change the destination of their daily cash or ad funds from their bank |
| 1:18.1 | account. |
| 1:19.1 | The bank, the account is launched through Goldman Sachs and a collaboration with Goldman Sachs |
| 1:27.2 | and offers a higher APY compared to the average national rate of 0.35%. |
... |
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