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Apple, Goldman Sachs Debut Savings Account With 4.15% Annual Yield
Apple Inc. introduced a long-promised high-yield savings account with Goldman Sachs Group Inc., looking to attract US financial clients with an attractive rate and the ease of its Wallet app.
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Apple, Goldman Sachs Debut Savings Account With 4.15% Annual Yield
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The new offering will let Apple Card users earn a 4.15% annual yield, more than 10 times the national average, the tech company said in a statement on its website Monday. The account has no fees, minimum deposit or balance requirements and can be set up from within the Wallet app.
The move thrusts the tech company’s clout into a broader fight for depositors, potentially adding to the pressure on other financial firms that are trying to protect their funding.
