Connect with us

Hi, what are you looking for?


Apple Inc just launched a high-yield savings account

Apple Inc (NASDAQ: AAPL) is in focus this morning after the tech behemoth launched its much-awaited high yield savings account.

Details of Apple’s savings account

On Monday, the multinational said its savings account that pays an annual percentage yield of 4.15% is now available to Apple Card users.

In comparison, a standard savings account in the United States offers an annual percentage yield of just 0.35%. Jennifer Bailey – the Vice President of Apple Pay said today:

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 Pay is expected to bring in about $4.0 billion in revenue this year. Wall Street currently has a consensus “overweight” rating on Apple shares.

Apple to report Q2 results next month

The high-yield savings account that Apple Inc has launched in collaboration with Goldman Sachs is free from restrictions of minimum deposit or balance. The press release reads:

All future Daily Cash earned by the user will be automatically deposited into the account. The Daily Cash destination can also be changed at any time, and there’s no limit on how much Daily Cash users can earn.

Apple is scheduled to report its Q2 results on May 4th. Consensus is for it to earn 1.43 a share this quarter versus $1.52 per share a year ago.

Last week, Jim Cramer said he was very excited about Apple shares as Invezz reported HERE.

The post Apple Inc just launched a high-yield savings account appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Rep. Jennifer Wexton (D-Va.) announced on Tuesday that she has been diagnosed with Parkinson’s Disease. “If there’s one thing that Democrats and Republicans can...

    Latest News

    After Dianne Feinstein announced she’d contracted the shingles in early March, her staff said she planned to return to the Senate within a matter...


    A U.S. District Court judge has ruled that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail...

    Latest News

    SEOUL, South Korea — When a group of American lawmakers arrived in South Korea for meetings with government and military officials, President Yoon Suk-yeol...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2022 All Rights Reserved.