https://9to5mac.com/2023/10/16/apple-card-savings-account-mistake/
It’s all insured. So I don’t think you need to care
thats correct its good for apple and customers not for GS thats why asked, all things are well b/w 2 companies i hope
Could someone explain why GS is losing money on this?
probably because apple offers 0 apr 12/24 months on apple card payments they stopped it for iphone beginning aug 2023 still available on other products for 12 months i got 2 iPhone 14 pros via this scheme 80 something dollars monthly for 2 years not interest, no t&c so apple lost alot for GS over this scheme i guess
It's FDIC insured (UpTo some amount)
$250k
i have about 50k in that account