Apple's new high-yield savings account has drawn nearly $1 billion in deposits in just four days of its launch, the media reported, amid a cascade of US bank failures, the latest being First Republic Bank.
On launch day alone, the Apple savings account, which gives 4.15 per cent annual return, drew nearly $400 million deposits, reports Forbes.
"By the end of launch week, roughly 240,000 accounts had been opened," the report said, citing sources.
The Apple savings accoun...
Apple`s savings account draws nearly $1 bn in deposits in just 4 days
