Goldman Sachs today increased the Apple Card High-Yield Savings Account balance limit to $1 million, up from $250,000…
Tag: Goldman Sachs
Unwinding the Apple-Goldman Sachs partnership expected to be rocky
Four years after partnering on the Apple Card, Goldman Sachs faces a costly exit from a partnership that is seen by other lenders as too…
Why Chase is Apple Card’s ideal partner to replace Goldman Sachs
Apple and Goldman Sachs are working on a deal to wind down their Apple Card partnership, and Chase is the ideal partner to team with Apple…
Apple likely to find a new Apple Card partner with some fanfare – expert
Changes, with some measure of accompanying fanfare, may be coming for Apple Card users as the company seeks to end its relationship…
Apple wants to kill Apple Card, Apple Savings partnership with Goldman Sachs
Apple is looking to pull the plug on its Apple Card / Apple Savings partnership with Goldman Sachs, ending the Wall Street bank’s bid to…
Will Apple raise its interest rate on high-yield Savings account to better compete?
Apple has not raised its interest rate on its high-yield Savings account offering in six months, while the top rate for high-yield savings…
Apple planned a stock-trading service, but paused launch as markets slumped
Apple was prepping a new iPhone feature that would let users buy and sell stocks in partnership with Goldman Sachs, but Apple decided…
Demand for iPhone 15 Pro models outpacing supply – analysts
Apple’s iPhone 15 Pro and flagship iPhone 15 Pro Max are seeing strong demand that’s outpacing supply, analysts say…
Apple’s price hikes on iPhone 15 Pro models is warranted – Goldman Sachs
Investment firm Goldman Sachs said an expected price hike from Apple on its iPhone Pro models is warranted…
Apple Card’s high-yield Savings accounts surpass $10 billion in deposits
On Wednesday, Apple announced that Apple Card’s high-yield Savings account offered by Goldman Sachs has reached over $10 billion in deposits…
Why Apple CEO Tim Cook was initially denied an Apple Card
Apple CEO Tim Cook was initially turned down for an Apple Card. Cook was denied his own company’s credit card because…
Apple’s new high-yield Savings account delivers high APYs and convenient perks
Apple Card users can choose to grow their Daily Cash rewards with a high-yield Savings account from Goldman Sachs, which offers…
As Apple pushes deeper into financial services, PayPal and other fintechs should be scared
Apple in mid-April launched a new Savings account with a 4.15% yield, 10 times the national average for banks. PayPal and fintech firms…
Apple’s high-yield Savings account spells big trouble for regional banks
Apple’s new high-yield Savings account with Goldman Sachs could spell trouble for regional banks trying to retain deposits amid the…
Apple’s new high-yield Savings account is quickly attracting users
Apple’s newly launched high yield Savings account brought in some $990 million in deposits over its first four days…
Apple’s new high-yield Savings account draws nearly $1 billion in deposits in first four days
Apple’s newly launched high yield Savings account brought in some $990 million in deposits over its first four days…
Expect more banking to be done via Apple’s iPhone
While traditional banks last week announced a loss of $60 billion in deposit outflows, Apple announced its new high-yield Savings account…
Mighty Apple looks to take a big bite out of the banks
The question for banks and financial services companies is how worried they should be about Apple, a tech company with 1.2+ billion iPhone…
With splashy new financial offerings, Apple charges further into the world of money
Apple, the world’s most valuable company, has announced a number of new financial offerings, including a credit card, a buy-now-pay-later…
Apple’s high-yield Savings account is a great move for Apple and its shareholders
As of this week, Apple Card users can now choose to grow their Daily Cash rewards with a high-yield Savings account from Goldman Sachs…
Apple Card 4.15% Savings accounts mark golden age of cash
Apple Card users can now choose to grow their Daily Cash rewards with a Savings account from Goldman Sachs, which offers a high-yield 4.15%…
Goldman Sachs is watching for ‘cannibalization’ from partner Apple’s new high-yield Savings account
Goldman Sachs CEO David Solomon said Tuesday he isn’t worried about partner Apple’s new high-yield Savings account overshadowing…
Apple’s new high-yield Savings account is another threat to banks
Apple Card users can now choose to grow their Daily Cash rewards with a Savings account which offers a high-yield 4.15 percent…
Apple Card users’ Savings accounts earn 4.15% APY, more than 10 times the U.S. national average
Apple Card users can choose to grow their Daily Cash rewards with a Savings account which offers a high-yield APY of 4.15% – more than 10X…
Apple Card’s new high-yield Savings account now available with 4.15 percent APY
Starting today, Apple Card users can choose to grow their Daily Cash rewards with a Savings account from Goldman Sachs, which offers a…
Apple’s move into Buy Now Pay Later is likely to attract regulators
Apple Pay Later, a Buy Now Pay Later (BNPL) option for customers shopping with a retailer that accepts Apple Pay, was announced…
Apple launches Apple Pay Later to allow consumers to pay for purchases over time
Apple today introduced Apple Pay Later in the U.S. Designed with users’ financial health in mind, Apple Pay Later allows users to split…
Apple’s iOS 16.4 and iPadOS 16.4 are coming soon to iPhones and iPads
Apple is drawing closer to the public release of iOS 16.4 and iPadOS 16.4, with the company currently producing beta versions of its…
Apple stock surges again after Goldman Sachs urges investors to buy
Goldman Sachs analyst Michael Ng on Monday started coverage of Apple with “Buy” rating and $199 stock price target, a nearly 30% upside…
Apple Pay Later is imminent. Affirm, Afterpay, and Klarna should be worried.
The release of Apple Pay Later is imminent. The new service will provide Americans with a seamless and secure way to split the cost…
Apple expands testing of Apple Pay Later service to retail employees
Apple Pay Later will provide Americans with a seamless and secure way to split the cost of an Apple Pay purchase into four equal payments…
Goldman Sachs lost $1.2 billion in 2022 mostly due to Apple Card partnership
Goldman Sachs’ consumer credit division lost $1.2 billion in nine months last year due primarily to its Apple Card partnership…
Wall Street banks turn bearish on major Apple-supplier TSMC, citing weaker demand
Wall Street banks such as Goldman Sachs are turning bearish on Taiwan Semiconductor Manufacturing Co. (TSMC), cautioning…
Goldman Sachs offers more banking services through Apple in revamped consumer approach
A relative newcomer in consumer banking, Goldman Sachs has expanded and extended a partnership with Apple that began a few years ago…
Apple Card Daily Cash can soon grow in new high-yield Savings accounts from Goldman Sachs
Apple in October announced a new Savings account for Apple Card that will allow users to save their Daily Cash and grow their rewards…
Apple deepens financial push with new high-yield Savings accounts
Apple is deepening its already formidable push into the world of financial services with a new plan to let Apple Card users park their…
Apple Card Daily Cash can soon grow in new high-yield Savings accounts from Goldman Sachs
Apple today announced a new Savings account for Apple Card that will allow users to save their Daily Cash and grow their rewards in a…
Fed raises interest rates, pledges more hikes amid rampant inflation; warns of recession
The Fed raised interest rates and indicated it will keep hiking well above the current level as it attempts to tamp down rampant inflation …
Goldman Sachs: Rampant U.S. inflation could cause further 27% drop in the S&P 500
It’s not just that the U.S. Fed is going to be aggressive after the latest shocking U.S. inflation figure, still running at 40-year highs…
Apple Card’s rapid growth credited with triggering Goldman Sachs probe
Apple Card’s rapid growth and the new platform built by Goldman Sachs to service it created difficulties that attracted regulators who are…
Apple Card partner Goldman Sachs discloses probe into U.S. credit card division
Goldman Sachs’ U.S. credit card business is being investigated by the U.S. Consumer Financial Protection Bureau, the bank disclosed…
Goldman Sachs now sees U.S. recession risk as ‘higher and more front-loaded’
Goldman Sachs strategists are beginning to get a clearer look at the potential for a U.S. recession, seeing the risk now as “higher and more…