# Is Apple A Threat to Banks?

An episode of [Patrick Boyle On Finance](https://invisiblenetwork.ai/podcast/1547740313), 26 Apr 2023, 14 min.

Audio: https://anchor.fm/s/fc0914e0/podcast/play/92761891/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2024-9-8%2F387759663-44100-1-0b54a6a95d57f7d0.mp3

Send us a textApple recently announced its latest financial product in partnership with Goldman Sachs — a savings account designed for Apple Card users. The high-yield savings account comes with a 4.15% interest rate and comes with no fees and no minimum deposit or minimum balance requirements. Plus, it has some extra benefits for users like automatic deposits of Daily Cash earned with the Apple Card and the ability to make an instant transfer to your Apple Wallet.This is considerably higher ...

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