Apple, the biggest name in the technology world, has recently entered the financial sector and started operating almost like a bank with its “Buy Now, Pay Later” service. But apparently this service is from Apple banking activities It was just the beginning for him.

The company, which only offers Apple Card to a limited number of users this time will allow cardholders to earn a profit from interest launched its new service. Apple Card holders can save their money on the card every year by creating a savings account within Apple. 4.15% interest can operate.

Apple’s interest rate is higher than that of many banks:

The interesting thing is that Apple will not be stingy with the interest rate option it offers its customers. The company is based in the US higher interest than many banks offers. Many US banks keep annual interest rates below 4%. The highest interest rate is offered by UFB Direct at 5.02%.

On the other hand, Apple does not give any indication about the future of the current interest amount. The interest rate of 4.15% can therefore be increased or decreased by Apple at any time.

Another advantage of Apple competing with other banks is that unlike most banks, it is in the savings account. does not contain a minimum cash limit. On the other hand, there is a ceiling on the money in the account. The interest can be requested for up to 250 thousand dollars.

Users can charge interest on every penny they deposit into their account. Apple savings account Wallet It is also accessible through the app.

Apple doesn’t do this work alone: ​​this is the bank it partners with

Apple offers both an interest service and a buy-now-pay-later service. Goldman Sachs together with the company. Therefore, all money deposited into the account is guaranteed by the US Federal Deposit Insurance Corporation.

Can a savings account be opened from Turkey?

Since Apple Card does not exist in our country, interest service is not available for users in Turkey. But if you live in the US, you can take advantage of this service.