People Put Nearly $1 Billion Into Apple Savings Accounts in First 4 Days
17 Articles
17 Articles
Apple's savings account draws nearly $1 bn in deposits in just 4 days
BusinessApple's new high-yield savings account has drawn nearly $1 billion in deposits in just four days of its launch, the media reported, amid a cascade of US bank failures, the latest being First Republic Bank.Image for representationApple's new high-yield savings account has drawn nearly $1 billion in deposits in just four days of its launch, the media reported, amid a cascade of US bank failures, the latest being First Republic Bank. On …
Apple's savings account draws nearly $1 billion in deposits in just 4 days
In the midst of a string of US bank collapses, including the most recent, First Republic Bank, the media reported that deposits into Apple's new high-yield savings account have reached as much as $990 million in just four days of its introduction.
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