Apple is giving banks a run for their money | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

Apple is giving banks a run for their money

Apple\n \n and Goldman Sachs\n \n launched a new high-yield savings account on Monday that offers a 4.15% interest rate, more than 10 times higher than the US national average. The move is one of many that Apple has made in recent months to increase its financial services footprint — adding some lofty competition for customers in the already-crowded banking sector. The interest payout on Apple’s savings account is about 415 times more than the 0.

” A suite of financial services: The news comes two weeks after Apple announced it would enter the increasingly popular “buy now, pay later” industry. Apple Pay Later allows customers to pay for their purchases in four installments over six weeks. The program also allows users to manage their payments through Apple Wallet, and they can use the app to apply for loans between $50 and $1,000 which they can use for in-app and online purchases at stores that accept Apple Pay.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If people are smart, they'll keep their money away from Apple! They'll stay away from CNN, too!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple offers 4.15% high-yield savings to its Apple Card holders | CNN BusinessApple on Monday announced that it is now offering its Apple Card holders the option of saving their cash-back rewards in a 4.15% high-yield savings account with Goldman Sachs, along with other incentives. So this is a commercial for apple How much they pay you? Hoping the AppleSupport savings account is available soon at mint :-/ (so far, only the credit card account is available)
Source: CNN - 🏆 4. / 95 Read more »

Tim Cook opens first Apple store in India | CNN BusinessApple's CEO Tim Cook is in India this week to open its first physical stores in the country, marking a milestone for the iPhone maker in the world's second largest smartphone market. there was no physical apple store in India? Which is the biggest, if Apple is the second?
Source: cnni - 🏆 326. / 59 Read more »

What to know ahead of the Fox News and Dominion trial | CNN BusinessA trial in a defamation suit brought against Fox News by Dominion Voting Systems is set to begin this week. It could have significant ramifications for the right-wing cable channel. Do you mean this is going nowhere? and the weeks leading up to this were nothing but democrat smoke and mirrors? YOU DON'T SAY?! We don’t need your biased opinions CNN. Thank you How much did CNN lose to Nick Sandman for defamation?
Source: CNN - 🏆 4. / 95 Read more »