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Pretty sure Tim Cook is not one of the crazy ones https://t.co/aLWYNS08SS
— Ashlee Vance (@ashleevance) October 13, 2022
Update on this: Apple isn't announcing the yield until closer to launch because interest rates are moving so quickly. https://t.co/awW0Rw2QvG https://t.co/MBCXPpMVk1
— Steve Kovach (@stevekovach) October 13, 2022
Apple has cooked up some kind of high-interest savings account scheme for their “Apple Cash” customers, which would be really groundbreaking (decent savings yields for underserved populations) but of course they’ve tied it to their upscale credit card.
— Matthew Green (@matthew_d_green) October 13, 2022
Bingo https://t.co/YMCm82eKHZ pic.twitter.com/VFZPd8Nr5P
— Benedict Evans (@benedictevans) October 13, 2022
Apple Card meets Nubank. https://t.co/jixojK3msV
— Filipe Espósito (@filipeesposito) October 13, 2022
the most opportunistic
— Deirdre Bosa (@dee_bosa) October 13, 2022
& shining a light on the fact that big bank savings account yields haven't budged. Chase savings APY is.... 0.01% https://t.co/ZvwpL9VfMZ
Apple Card user. Look forward to getting a better interest rate on my Apple Cash! An easy entry point to expand financial services. https://t.co/F7FnKAimnc
— Jay Yarow (@jyarow) October 13, 2022
Very cool how you can track the progress of the savings account right in the Wallet app. There should be an API to allow all banks to do this.
— Chance Miller (@ChanceHMiller) October 13, 2022
Also note: Apple isn’t managing the savings account, it’s a Goldman Sachs HYSA. https://t.co/DVyIVhUoEh
"Goldman Sachs' existing online high-yield savings account Marcus currently has a 2.15% APR." https://t.co/kj3gqFGfx2
— Bazombie Hiralal 🧟 (@_BizBaz) October 13, 2022
Apple is launching a "high-yield savings account" for Apple card customershttps://t.co/b3U13Q2GLo
— Steve Kovach (@stevekovach) October 13, 2022
Right? What is the yield on a "high-yield savings account?" 20%? 5%? 1%? https://t.co/tPalZJbjUb
— Steve Kovach (@stevekovach) October 13, 2022
An entire press release for an interest-bearing product that does not specify the rate
— nilay patel (@reckless) October 13, 2022
It’s one of the things that’s so frustrating about Apple. They have more than half the smartphones in the US (and loads globally too.) They should be launching revolutionary payment and financial products. Instead they have a credit card run by Goldman Sachs.
— Matthew Green (@matthew_d_green) October 13, 2022
No release date. Also still waiting on a date for Apple Pay Later. https://t.co/DVyIVhUoEh
— Chance Miller (@ChanceHMiller) October 13, 2022
Savings account managed by Goldmans. Apple credit card rewards automatically deposited. Transfer in/out link to a traditional 'bank account' (as for current Apple Cash card). No direst deposit or transfer (no getting your salary or paying bills).
— Benedict Evans (@benedictevans) October 13, 2022
This is incredibly smart. The Daily Cash you get from Apple Card purchases has always been a little weird, it isn't always clear what you can do with it. This keeps it in Apple's world. https://t.co/vtVOfCtUrd
— Andrew Martonik (@andrewmartonik) October 13, 2022
Every tech company wants to be a bank. https://t.co/Q8T43CQMRE
— Ed Bott (@edbott) October 13, 2022
Apple never built a telco or an MVNO. It built FaceTime and iMessage made (or kept) the telco a dumb pipe. Let the legacy companies do the boring regulated big iron stuff and build the value in an new UX on top.
— Benedict Evans (@benedictevans) October 13, 2022
Appleがついに預金口座をリリース…
— Go Kobayashi (@GOU_0013) October 13, 2022
裏側ではGoldman Sachsが運営する口座をApple Cardユーザー向けに提供し、その口座から支払いができるように。
GSのMurcusがクローズするというニュースが出てましたが、これで信憑性が増してきた…https://t.co/4ER6t3IrzT
Apple Card will soon allow you to automatically deposit your Daily Cash into a new high-yield Savings account from Goldman Sachshttps://t.co/7dM2QEENwF
— Brandon Butch (@BrandonButch) October 13, 2022
Wow. Big News! Apple launches a savings account. Currently just rewards balances.. but this is a major new construct. More to comehttps://t.co/xrhb4nvFfd
— Tom Noyes (@noyesclt) October 13, 2022
BREAKING: Apple Card to Allow Deposits into High-Yield Savings Account.https://t.co/VznJZCKzgN#banking #fintech @GoldmanSachs @SpirosMargaris @rshevlin @mikulaja @RAlexJimenez @AlexH_Johnson #ApplePay @sytaylor @barbmaclean @enricomolinari @cgledhill @ipfconline1 pic.twitter.com/9nZdI9GgAI
— Jim Marous 💯 (@JimMarous) October 13, 2022
Spent much of my time at Apple working on this—feels surreal to see Savings announced to the world today!
— Adam Noffsinger (@ANoffsinger) October 13, 2022
Congrats to the many people that worked on it 🎊https://t.co/J5tZi1JuY7
Queue another round of “Apple Bank” think pieces.
— Jason Mikula (@mikulaja) October 13, 2022
Apple taps Goldman Sachs for white labeled Apple Cash high-yield savings accounts:https://t.co/4d2O1Om84t pic.twitter.com/V5bLMdnAj2
When Goldman Sats integration?https://t.co/WuwcDwQexG
— Michael Rihani⚡️ (@MichaelRihani) October 13, 2022
Apple announces new high-yield savings account for Apple Card from Goldman Sachs | iMore https://t.co/yC5zvB35lh
— iMore (@iMore) October 13, 2022