Apple Savings account can change America's banking system? | Business News- Watch Video

Saumya JaiswarPublish Date: 17 May, 2023

Till now Apple was in the product market but now Apple has entered the finance market as well. Apple has opened its first bank. For this, Apple has partnered with Goldman Sachs Group. Apple has said that 4.15 percent interest will be available on savings account and Apple Card, which is 10 times more than the Federal Deposit Insurance Corporation. 

Giving an average interest of 0.37 per cent on the account, Apple Bank is currently launched in the US. Earlier last month, Apple has launched Buy Now, Pay Later facility in the US. From Apple Bank, users can take an online loan ranging from $ 50 to $ 1,000 i.e. around Rs 83,000 or even buy something.

The most important thing is that there is no compulsion for you to keep minimum deposit in Apple Bank. You can also open a savings account with Apple Wallet, although Apple Bank is not yet available in India.

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