Apparently an Apple Pay savings account is about to be launched.
I wonder what the interest rate is going to be…
Apparently an Apple Pay savings account is about to be launched.
I wonder what the interest rate is going to be…
U.S. only. I would not expect this in Switzerland for at least a couple of years - if ever.
Ah, I missed that part in the article…
Interesting! Might raise some competition law issues though, if it ever comes to Europe.
4,15 %
It seems it was a good launch.
This move from Apple / Goldman Sachs - from a business perspective - is quite amazing.
From the article:
I want this for CHF too, please, not satisfied with meagre interest Swiss banks are offering me
How can they sustainably pay such a high interest rate?
Risk free-rate for USD is at 5%, they are still getting (at least) the delta with the risk free rate. It’s not that different from swiss savings accounts >0.5% with the risk free rate at 1.5% (the savings account provider has a similar margin).