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The Pros & Cons of Apple's High-Interest Bank Accounts
Posted
June 6, 2023
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June 6, 2023
10
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0:43Now PlayingApple's new high-interest bank accounts are having some issues. Customers with these accounts at Goldman Sachs apparently are seeing delays moving their money around, and some have seen their money trapped for weeks and are unable to access their money.
Apple's new bank account was an instant hit, as it pays more than 4% interest on savings. The big banks, as a comparison, often only pay a quarter of 1%. But unfortunately, it appears they're still working through some issues with these bank accounts at Goldman Sachs.
So, if you're looking to park your savings with a juicy interest rate, be warned that it might take a while to withdraw your money from an Apple bank account.
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