In this video, we take a look at the Apple savings account and discuss what it offers, how it compares against other best savings accounts 2024, and whether or not you should consider getting it.
🟣 My Instagram: / shervinhouse
🔵 My Twitter: / shervinhouse
Earlier this week, Apple announced that they are teaming up with Goldman Sachs to offer their very own savings account going forward. This Apple savings account, which is officially referred to as the Apple Card savings account, is a free to own savings account that offers an interest rate that is more than 10 times higher than the national average in the USA. In this video, we take a closer look at what the Apple savings account 2024 offers, and throughout this apple savings account review, we will see how the apple bank account compares against the other best savings accounts 2023, and whether or not it's worth getting.
The apple savings account interest rate is 4.15%, which is more than 10 times higher than the national average interest rate of 0.39%. This is a great interest rate for a savings account, although there are some slightly better options available in the USA.
For example, CIT bank offers a savings account that has a 4.75% interest rate, as long as you maintain a minimum $5,000 balance in your account. Since this is a savings account, and experts recommend that you always keep 6 months worth of your expenses as an emergency fund, you should always have more than $5,000 in your CIT savings account anyways, which means that you would get the 4.75% interest rate without needing to do anything out of the ordinary. Therefore, even though the apple card savings account 2023 offers a much higher than average interest rate, it doesn't necessarily offer the best possible interest rate in the United States.
That said, compared to the best savings account Canada 2024, which is the EQ Bank Savings account, the apple card bank account offers a much better interest rate. The EQ Bank High Interest Savings Account 2024 offers a 2.5% interest rate, which is considerably lower than the 4.15% you get if you have an apple card savings account setup. The Neo Money Account, which is the 2nd best savings account in Canada, offers 2.25%, and the big 5 banks in Canada all offer 2% or lower. This means that the apple card account would be the best savings account 2023 Canada if it were offered to Canadians.
Unfortunately, the apple card savings account Canada is not a thing as of yet. Currently, the apple savings account 2024 is only available in the USA, and no other regions until further updates. This of course does not mean that the apple savings account Canada can't happen in the near future, but at the same time, there are reasons for skepticism. The main reason is that despite being first released in the USA in August of 2019, the Apple card has still not come to Canada almost 4 years later. This could be cause for concern as far as seeing the apple savings account in Canada anytime soon.
That said, Canadians should still keep an eye out for this account, since if it does come over to Canada anytime in the near future, it would be an absolute game changer as far as what the best bank account in Canada is. It is unclear if the savings account apple is offering would at any point come to countries like Canada, but since the account could dominate the Canadian market due to its unrivaled characteristics, it is certainly one to look out for going forward. For now, use the EQ Bank account as it is currently the best savings account Canada in 2024, but be aware that the Apple account could easily dethrown it if it arrives to Canadian shores.
0:00 Intro
1:04 Cost & Fees
1:16 Interest Rate
3:27 Region Availability
4:13 History of the Apple Card
4:40 Future Availability in other Regions?!
5:22 Follow Me on Social Media!
Информация по комментариям в разработке