Apple’s system, which provides interest on Apple Card, collected deposits of approximately 1 billion dollars in its first week. The investments made will provide a return of 4.15% on an annual basis.
US-based technology giant Apple last week offered to Apple Card customers. a new financial service presented. This service allows consumers to open time deposit accounts, interest yields he was getting it. The latest news about this service reveals that Apple’s new service attracts the attention of consumers. For Apple Card Owners have invested huge sums of money in this service from the very first days.
According to statements from sources familiar with the subject, Apple’s savings account application started on its first day. 400 million dollars saw the balance. After the first four days 990 million dollars A huge amount of money was entrusted to Apple by consumers who wanted to earn interest income through Apple. According to sources, the number of consumers who opened savings account 240 thousand passed.
The annual interest yield of 4.15 percent satisfied the consumer!
The explanations made on the subject show that the annual return of 4.15 percent in Apple’s interest income system will affect the consumer. that you please it reveals. Richard Crone, CEO of Crone Consulting, a payments company, told Forbes:The Fed’s decision to increase interest rates caused banks to demand higher loans when lending. However, this did not happen for savings accounts. Rates have changed little. That’s the same for services like Apple’s. increased interest“
Of course, it is also useful to say this. around 1 billion dollars a coin is not at a level that can be underestimated, and investors do not easily entrust their money to someone else. Here is what Apple gives to the consumer. trust and a clear indication of the company’s image in the eyes of consumers.
For all the details about Apple’s interest yield account:
RELATED NEWS
Apple, Now You Can Open a Bank: Savings Account and Run Interest on Your Money!
Source :
https://www.forbes.com/sites/emilymason/2023/05/01/apples-new-savings-account-draws-nearly-1-billion-in-deposits-in-the-first-four-days/ ?sh=38bc8e094e4a