Apple’s new Savings account opened in mid-April with a 4.15% yield, and it's already drawn 240,000 new accounts from among 2 billion iPhone users.
A whole array of Breville espresso machines—from manual to super-automatic—are on sale for 20% off.How much of this is linked to the wide proliferation of iPhones, or to the savings account’s 4.15% annual interest rate , or to Apple fans’ willingness to buy anything from the Cupertino tech company short of a Tim Cook body pillow? It’s probably all of the above.
Apple’s credit card boasts no annual or late fees, though considering how users need to own an iPhone using iOS 12.4 or later and an Apple ID with an associated iCloud account “in good standing,” Apple’s savings account is far more restrictive than some other banks and is geared specifically toward diehard Apple users. User’s total APR also heavily depends on credit history,There really are few savings accounts offering yields above 4%.
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