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Apple Inc debuts savings account with 4.15% annual yield

Apple Inc introduced a long-promised high-yield savings account with Goldman Sachs Group Inc, looking to attract US financial clients with an attractive rate. The offering will allow Apple Card users earn a 4.15% annual yield, more than 10 times the national average, the tech company said in a statement published on its website on Monday. The account has no fees, minimum deposit or balance requirements and can be set up from within the Wallet app. The move thrusts the tech company's clout into a broader fight for depositors, potentially adding pressure on other financial firms.


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