Thoughts on Apple's High Yield Savings?

[dr.girlfriend]

www.nbcnews.com/tech/apple/apple-launches-savings-account-415-interest-rate-rcna80016

Here's the lede:

Apple on Monday launched its Apple Card savings account with a 4.15% annual percentage yield. It requires no minimum deposit or balance, Apple said, and users can set up an account from the Wallet app on their iPhones.

[Susie]

Is it FDIC insured?  If not, hard no from me.

I have a savings account at Lending Club that is currently earning 4.25%, so I can agree that the rate is good, but I'm not going to be drawn by it.

[just]

Apr 19, 2023 11:45:03 GMT -5 Susie said:

Is it FDIC insured?  

yup

[Roc A Bee]

I think it is smart especially to entice 20-something’s since it is all done right in the app.

I don’t think I’d make the effort to move any funds that I have with Capital One, but I may consider opening one in the future.