The Apple Card launches into savings (with some risks)

Goldman Sachs once again partners with the Apple firm and launches the accountSavingsfor Apple Card. If you master the language of Shakespeare, you will easily guess what it is: a space to save, which will more precisely work yourDaily Cash. Under this name lies the regular cashback promised by Cupertino on various purchases made with its titanium payment method or via the linked Apple Pay profile.

When a user subscribes to this new investment account, they can choose to automatically deposit 100% of their money into it.Daily Cash. No costs are involved according to the official press release from Tim Cook's teams, who also assure that they have not plannedno minimummandatory deposit. In short, it isall benefit. But then, what is behind this offer that is so tempting at first glance?

A rate probably quite reduced

First of all, you should know that Apple has absolutely not specified what the real interest rate of this account is.Savings. But at Marcus, the Goldman Sachs subsidiary offering a similar service,we do not exceed 3%. For a more or less free platform, of course, it's honest, but difficult to know which investments bring in this amount.

© Apple

And that's the subtlety: if you entrust your money to Goldman Sachs in this way, the bankwill make him workbut you won't knowneither how nor with which partners. So, although Apple makes environmental protection one of its priorities, no one is safe from David Salomon's traders investing your savings in fossil or nuclear energies, not to mention Foxconn and others who do not always respect Human Rights.

For whom?

For now,Apple therefore still does not want to open the Apple Card to countries other than the United States. However, the accountSavingsis advertised as only available forownersof such a card. So don't expect to be entitled to it unless you settle permanently with Uncle Sam.

Finally, know that in the context of aFamily sharing, your children will not have the opportunity to create their own spaceSavings.

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By : Keleops AG