Investing
Apple’s 4.15% Savings Account Marks Golden Age of Cash
The product is a partnership with Goldman Sachs. And while the interest rate is high, there are other places to put your money.
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After years of low rates, high-yield savings accounts are having a moment.
This week, Apple Inc. introduced a new product with Goldman Sachs Group Inc. that will allow Apple Card holders to earn a 4.15% annual yield, with no fees or minimum deposit requirements. At the same time, Goldman’s popular Marcus account — the posterchild for high-yield savings products — upped its rate to a record of 3.9%.