Amount of Money Invested in the Apple Interest Yield System

US-based technology giant Apple introduced a new financial service for Apple Card customers last week. This service allowed consumers to open time deposit accounts and earn interest income. The latest news about this service reveals that Apple’s new service attracts the attention of consumers. Because Apple Card holders invested huge sums of money in this service in the very first days.

According to statements from sources familiar with the subject, Apple’s savings account application saw a balance of $ 400 million on its first day. At the end of the first four days, a huge amount of money, such as $ 990 million, was entrusted to Apple by consumers who wanted to earn interest income through Apple. According to sources, the number of consumers who opened savings accounts exceeded 240 thousand.

The annual interest yield of 4.15 percent satisfied the consumer!

The statements made on the subject reveal that the annual return of 4.15 percent in Apple’s interest income system satisfies the consumer. Richard Crone, CEO of Crone Consulting, a payments company, told Forbes: “The Fed’s rate hike decisions have caused banks to demand higher levels of credit when lending. However, this has not happened for savings accounts. Rates have changed little. . This in turn has fueled interest in services like Apple’s.”

Of course, it is also useful to say this. A money of around 1 billion dollars is not at a level to be underestimated, and investors do not easily entrust their money to someone else. Here, it is a clear indication of Apple’s trust in the consumer and the company’s image in the eyes of the consumer.

For all the details about Apple’s interest yield account: