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FinTech Futures: Top five stories of the week – 5 May 2023

Apple’s newly launched high-yield savings account has reportedly attracted around $1 billion in deposits within its first week.

The Apple Card savings account, launched in April in partnership with Goldman Sachs, offers US consumers a high-yield annual return of 4.15% – a rate it claims is more than 10 times the national average.

Users can set up and manage their savings account directly from the Apple Card app with no fees, no minimum deposits, and no minimum balance requirements.

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