Since the launch of the Apple Card’s Savings account, powered by Goldman Sachs, in April, over $10 billion in deposits have been made by users. In addition to reaching this milestone, 97% of Savings customers have chosen to have their cash rewards automatically deposited into their account, Apple said...
Banks may feel pressure to match Apple’s offering of higher savings rates with a Goldman Sachs savings account than most institutions as the tech giant makes inroads into banking. Americans have been hesitant to break up with traditional financial institutions (FIs) for years. Reasons have ranged from...
The Apple/Goldman Sachs joint efforts to make inroads into consumer banking continue. And for Apple, the debut of a Goldman Sachs savings account — geared to Apple Card holders — is a bid to cement the ecosystem that takes the tech giant ever further afield...
Today in Europe, the Middle East and Africa, FTFT launched the Orbit eWallet for Chinese students studying in the U.K., and Nationwide Building Society announced that it has recruited Moneyhub to help facilitate open banking payments for customers opening a savings account. FTFT UK Develops...
April 17, 2023
The Apple/Goldman Sachs joint efforts to make inroads into consumer banking continue. And for Apple, the debut of a Goldman Sachs savings account — geared to Apple Card holders — is a bid to cement the ecosystem that takes the tech giant ever further afield from hardware. As noted in this space on Monday (April […]
January 31, 2024
A group of Democratic lawmakers wants to give every child born in America a savings account. The 401Kids Savings Act, announced Wednesday (Jan. 31), would create children’s savings accounts (CSAs) for every child in America, and comes at a time when many consumers are seeing their savings dwindle. “A lack of income means you can’t get […]
August 02, 2023
Since the launch of the Apple Card’s Savings account, powered by Goldman Sachs, in April, over $10 billion in deposits have been made by users. In addition to reaching this milestone, 97%...
March 08, 2020
Nigerians will be able to buy bitcoins with cash, providing a pathway into cryptocurrency for those who were previously financially excluded. The country has seen more interest than usual in...
November 04, 2019
Citigroup is planning to roll out a high-interest savings account option for users of its American Airlines co-branded credit card, CNBC reported on Monday (Nov. 4). Citigroup spokeswoman Jennifer Bombardier...
