2023-08-02 21:35:30
Four months since its launch, Apple announced today that your savings account, the Apple Savingshas accumulated more than $10 billion in deposits. The feature, the result of a partnership with Goldman Sachs, can be used by Apple Card users, which, for now, is only available to US customers.
It is undeniable to say that this achievement demonstrates great acceptance by the public. One of the factors that can explain this is the high yield that the account has — following all, it offers a competitive interest rate of 4.5% per year for American standards.
Despite recent rumors suggesting that Goldman Sachs may end its partnership with Apple — allegedly due to a strategic shift away from finance — the bank has said it is satisfied with the results.
We are delighted with the success of the savings account as we continue to provide Apple Card customers with continued value and value, with a shared focus on creating a world-class customer service experience that helps consumers live a more financial life. healthy.
—Liz Martinhead of corporate partnerships at Goldman Sachs
Jennifer Baileyvice president of Apple Pay and Apple Wallet, further emphasized the company’s commitment to the financial health of its users.
With no fees, no minimum deposits, and no minimum balance requirements, [Apple] Savings offers an easy way for users to save money every day, and we’re thrilled with the great reception from new and existing customers.
While the future of the partnership between Apple and Goldman Sachs remains uncertain, the $10 billion milestone undoubtedly underscores the successful integration of technology and the world of finance. We look forward to expanding the feature to more countries, as well as the Apple Card itself. ????
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