The Ratings Game: Apple’s new savings account is more bad news for banks, Moody’s says

by | Apr 21, 2023 | Stock Market

Apple Inc. has growing ambitions in the financial-services space, and its new linked savings account could make a ripple in the banking sector. The company AAPL said last week that holders of its credit card could start parking their cash-back rewards in a linked high-yield savings account offered by partner Goldman Sachs Group Inc. GS. The account’s current annual percentage yield is 4.15%. See…

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