Apple partners with Goldman Sachs for savings accounts, offering a 4.15% interest rate

Per NBC News

Apple is now partnering with Goldman Sachs to offer a savings account with a 4.15% interest on Apple Card. This is way higher than the average APY at just 0.37%.

Per BI, the average bank interest rate on savings accounts is just 0.37%. On the other hand, Apple is paying you a 4.15% interest on its Apple Card savings account with no minimum deposit or balance needed.

Apple VP of Apple Pay and Apple Wallet, Jennifer Bailey, gave a statement regarding their goal and what they plan to offer users.

Bailey: “Our goal is to build tools that help users lead healthier financial lives, and building Savings into Apple Card in Wallet enables them to spend, send, and save Daily Cash directly and seamlessly — all from one place.”

Apple is launching this feature to offer more than what they already offer with another feature called Daily Cash. The Daily Cash reward program gives users up to 3% back on purchases.

Per Apple's blog post, the Savings account comes with no fees and users can access the Savings feature from their Wallet dashboard. Users are also allowed to withdraw funds anytime.

Recently, it was found that Apple had a hidden Bitcoin manifesto on every Mac since 2018. This was found by technologist Andy Baio, who said he discovered a PDF copy of the whitepaper while trying to fix his printer.

It was said that the whitepaper came with every copy of the macOS since Mojave 2018. The Bitcoin whitepaper was published in October 2008 by the pseudonymous Satoshi Nakamoto.

Recently, Apple CEO Tim Cook's routine was revealed, showing that he started reading emails as early as 5 AM. It was also revealed that Cook engaged in physical activities in the morning, including weightlifting.

Cook does these activities shortly before he heads to the office.

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