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Joe Joe
April 21, 2023 at 6:53 pm
I dont use a card at all any more only at Walmart and Home Depot
E. A.
April 21, 2023 at 6:54 pm
Don’t bite too hard on this Apple. These rates can be changed at any time. Happened at my credit union.
FoliageGaming
April 21, 2023 at 6:55 pm
I think this is nice. But defi is still where it’s at. Be your own bank.
Bunker Squirrel
April 21, 2023 at 6:55 pm
I only learned about high yield savings after this announcement and I’m PISSED I didn’t sooner. I’ve lost so much to inflation and this would have helped so much
FoliageGaming
April 21, 2023 at 6:55 pm
Also the security implications of this is pretty high. Loosing everything because someone gets hacked.
Curmudgeon Extraordinaire
April 21, 2023 at 6:59 pm
Big banks don’t care. Chase is seeing record deposits, 0.01% interest will continue.
Ferdinand Solis
April 21, 2023 at 7:16 pm
4.15% is really enticing so I opened a savings account. I hope it stays 4.15%
KD
April 21, 2023 at 7:17 pm
I’m waiting for the Apple & Google Bank. 🏦 Making Banking Great Again!
phonepup_mk8DX
April 21, 2023 at 7:22 pm
It seems that you have to wait the 5 business days in some cases before being able to get the money back out
word 2
April 21, 2023 at 7:35 pm
Been using Apple Pay since launch, it is convenient and I like its added security but it’s still not the be all end all. The amount that they charge to other credit card companies to use their system is concerning given that the costs usually just trickle down to us the consumer. I will continue to both my physical cards and apple wallet. I have better rewards on my non-apple cards as well as better APY on my high-yield savings account… not to mention more financial tools/accounts. One thing that I did find impressive in this piece though is the way that apple is doing their “pay later” program. Not including fees or interest is revolutionary but also concerning given that suddenly it will be an even more tempting offer for people to continually buy things they can’t actually afford.. perpetuating the cycle of debt. Scary times headed our way with consumer debt being so high, inflation high, and buy now pay later schemes running amok.
Howard
April 21, 2023 at 7:43 pm
Just opened Apple savings account, easy and hassle free all on the app….
Contactless Connoisseur
April 21, 2023 at 7:45 pm
Google and Apple need to crack down on sit-down restaurants that are STILL taking our cards away to process our payments. Visa and Mastercard clearly won’t do anything about it, nor will the federal government. Give restaurants that use these antiquated payment process decreased visibility in Maps and Search.
Brobi V2
April 21, 2023 at 7:49 pm
wil this come to other countries
Seth
April 21, 2023 at 8:05 pm
Do people really have so many different cards?
William Laplaca
April 21, 2023 at 8:21 pm
I’m 50/50 on the Apple Wallet/Apple Pay idea. I often like the feel of my physical cards better and as a force of habit I still default to my credit cards. I’ll use Apple Pay if I remember to or I need a specific card that I don’t carry every day but for the most part I like using the physical cards, especially the metal ones 😅
Faisal Ali
April 21, 2023 at 8:31 pm
You should check out UPI from India and make a comparison video between Apple Pay and UPI.
mike skupniewitz
April 21, 2023 at 8:45 pm
Just a fyi for others I took my money from my regular bank savings, and transferred it to the apple savings on launch day… then noticed they give you a routing and account number to SPEND FROM THAT SAVINGS account , I got hit, with a insufficient funds when I used that same to pay the same Apple Card balance… you have to dig 3 screens deep to see that YOUR FUNDS YOU MOVED, THAT THEY SHOW INSTANTLY ON MAIN APPLE CARD PAGE, ARE NOT AVAILABLE. LOOKS LIKE aLMOST 10 days you will not have use of YOUR FUNDS YOU TRANSFERRED…… YET THEY PULLED THEM FROM YOUR OTHER BANK ACCOUNT… be careful, don’t get caught short!!
Elle
April 21, 2023 at 8:46 pm
Absolutely not! Apple offering an uninsured savings account is like Burger King offering car insurance. Apple makes phones and distributes music. That’s it. It’s not a financial institution.
Gemini
April 21, 2023 at 8:49 pm
I remember when tmo did this only to then change the tier and having everyone spend to then qualify. Personally prefer a CD or a bank I can readily pull my money out from vs paying a fee. This is probably going to be shortlived to capture fee from the losses Goldman has to cover the debt other Apple card owners got them too
Frederick Neu
April 21, 2023 at 8:51 pm
I use Apple Pay exclusively. I’ve had an Apple Card from the beginning. I haven’t had to use a physical credit card for years. I also don’t carry cash. My physical wallet on my iPhone holds my license, Apple Card and my medical insurance cards. That’s it. Life is so much simpler. If my state eventually allows the license in Apple Wallet, all the better.
butt scratcher
April 21, 2023 at 8:59 pm
I wouldn’t be surprised if apple introduces a checking account
nickcooldot
April 21, 2023 at 9:12 pm
I found in Australia, you can only add 1 card from one bank. This means I can’t have both my saving card and my credit card with rewards from the same bank added to my wallet. This is not officially documented by either the bank or Apple. Only came to this finding after spending an hour in an Apple Store trying to fix the issue and eventually arrived at this conclusion through trial and error as I could add my friends card from a different bank to my Apple wallet as a second card.
harmonicatdanny
April 21, 2023 at 9:21 pm
Home Depot doesn’t have Apple Pay either. They did in the beginning, but then they switched out of it. I still have to carry my card! Also, when I use the Apple Pay button on eBay, I do not get my 2% cashback from Apple. It’s only 1 %.
Russell
April 21, 2023 at 9:28 pm
I wish Apple’s fintech products were available in Australia. We have ApplePay, but not the credit card etc.
Benji
April 21, 2023 at 9:29 pm
I am open to the apple savings account, if they get the details right
Skyler Enola
April 22, 2023 at 4:09 pm
it’s Goldman Sachs……
Marc Contreras
April 22, 2023 at 4:09 pm
I try to use Apple Pay wherever it’s available.
CycoWarriorx
April 22, 2023 at 4:43 pm
Banks aren’t happy because they pay those fees to Apple for the transaction(s)… that’s a good thing…
Justin Azzarito
April 22, 2023 at 5:05 pm
When I buy alcohol at the store, I will take my wallet out to show my ID, then put my wallet back in my pocket, and use my phone to pay with a digital card on Apple Pay.
Shahar Rozenbloom
April 22, 2023 at 5:09 pm
Apple Will Stop dealing with CNET and Block your App from iPhone! Are You Pedos? Do You Want to to 5 Years In Prison Woman for Treason?
Tyler belanger
April 22, 2023 at 5:24 pm
I’d love to get Apple Card if it ever comes to Canada
Christopher Osborne
April 22, 2023 at 5:27 pm
I signed up soon as Apple Card was available back in 2019 and been using it as my default payment method. I bank with bank that supports Apple Pay so I can directly pay my card in Apple wallet. Looking forward to using Apple Savings updating my phone now. One of the features that stands out to me is that my wife and I are both linked to shared account we have one payment account and we can see how each other spends in one easy to app. Thanks for posting this video always enjoy your videos.
Og Smacka
April 22, 2023 at 5:58 pm
Dont forget to not get locked out of your apple id
John Jason
April 22, 2023 at 6:13 pm
So sick of Walmart holding out. Was at the store recently without my physical wallet, drove all the way to the store and had forgotten it, needless to say I realized the error while checking out. Had my phone with Apple Pay, but left the store and just ordered from Amazon when I got home. Walmart is a mess. I just go to target now.
Simo Bonev
April 22, 2023 at 6:14 pm
In Europe if you can pay by card, you can pay by Apple Pay
Garrett Matthew
April 22, 2023 at 6:24 pm
It’s owned by Goldman Sachs not Apple
A B
April 22, 2023 at 6:41 pm
Apple Pay and Apple Card have been an amazing experience and I rarely pull out my physical card
Tyro James
April 22, 2023 at 6:50 pm
Orange❓🙋🏾♂
B Adams
April 22, 2023 at 7:12 pm
I’ve been using Apple Pay since the beginning. I love it. I use it just about everywhere. And I am most likely to revisit a place that accepts Apple Pay. Also, I live in Colorado, recently got my Apple Wallet Colorado Driver’s License. I’ve only been able to use it once for identification at TSA, and that was my return flight from Ronald Reagan Washington National Airport to Denver International Airport.
I will say that many times around the city of Colorado Springs, I can use my iPhone as only my wallet. I typically go to shopping and out to eat by just carrying my iPhone.
I think would bank with Apple, if that comes to fruition.
Aaron Harvey
April 22, 2023 at 7:18 pm
Fantastic video. I’ve been using Apple Pay since the startup. It’s easy and more convenient providing the vendor uses it. I wish more stores, apps and websites get onboard. The sent and request feature is great too.
brutha darkness
April 22, 2023 at 7:22 pm
I have been using Apple Pay since day 1. I hardly carry my wallet except when an ID is needed. Majority of the stores I shop at use Apple Pay. It’s perfect for me. I bank with Capital One so all their cards are supported. I have a high yielding savings with Capital One but I will put some money into Apple savings as well.
abcthegreat1
April 22, 2023 at 7:27 pm
This is literally just a Goldman Sachs savings account with Apple branding
Frankie
April 22, 2023 at 7:27 pm
Bridget, never stop being you, you’re the reason I come back to these cnet videos. Not in a creepy way, in a Mr. Rogers kinda way, like that friendly neighbor I wanna hang with.
eXit7248
April 22, 2023 at 7:32 pm
SoFi has 4.0%
A Carrot a day
April 22, 2023 at 7:33 pm
Walmart pay is way better though lol but Home Depot hasn’t come along lol
R Coleman
April 22, 2023 at 8:28 pm
I use Apple Pay with my watch all the time. I have signed up for the savings account and moved my Apple Cash there.
Apple Pay made travel in England so easy, with good credit and cash cards without foreign fees, ie. SOFI cards.
Mark Seah
April 22, 2023 at 8:37 pm
probably only USA needs to panic. willingly and in silly manner, lock ownself in a walled garden, letting one single company control all aspects of your life, and then at same time cry for more freedom and privacy. hahahahahaha
John S
April 22, 2023 at 9:09 pm
Apple may just give community banks the final blow, the next big thing for iOS is probably accepting a virtual driver’s license.
aLgProduction
April 22, 2023 at 9:23 pm
HUUUMMMM interesting.
John Jurmu
April 22, 2023 at 9:25 pm
20x more interest then the “high interest” savings account then my current bank.
Guess what my next move is going to be.
J Sinope
April 22, 2023 at 11:44 pm
I like her. She’s casual, clear and funky.
D Wnright
April 23, 2023 at 12:10 am
Apple will make plenty of cash on the credit card. good play by Apple & Goldman. I think folks are far more likely to trust Apple (who have giant mountains of cash) than they are a large number of banks who are buried in a volatile banking landscape.
Nathan Fivezeroone
April 23, 2023 at 12:24 am
Gotta love that nfc monopoly on Apple devices they have made themselves
Felipe Rodriguez
April 23, 2023 at 12:46 am
It’s interesting how Apple Pay is not as widespread in the US. I live in Costa Rica and often go to Colombia (I was born there) and ever since Apple Pay was adopted by local banks you can pay with Apple Pay literally anywhere that accepts contactless payments. Which I’d say more than 90% of merchants accept contactless payments. I guess we are not that behind in new technologies
Blair Santillana
April 23, 2023 at 7:49 pm
Question, but the US has more completion than the countries you mentioned.
Bhavik Patel
April 23, 2023 at 12:51 am
Wealthfront has a 4.3% FDIC backed $3M in total coverage savings account. They do $3M by partnering with 12 independent banks and spread the normal $250,000 coverage.
Rickie Hoxton
April 23, 2023 at 12:52 am
In the UK, use of Apple Pay among iPhone owners is almost completely ubiquitous. Never seen an issue with adding one of my cards – debit, credit and store loyalty. You can use them everywhere without an issue so adoption and ease of use is much better than the USA where the payments infrastructure is fragmented. I never cards. Ever! Banks here would never think about trying to compete with Apple Pay because they know they have zero chance of success. Apple has a lot of opportunity to expand its financial service offerings outside the USA and it should, coz they’d have far fewer impediments
Rashad Heyward
April 23, 2023 at 1:05 am
only thing I don’t like about the apple wallet is the limit to how many cards you can have! other than that, I love Apple Pay!
Michael Toye
April 23, 2023 at 1:13 am
Be careful keep your money in a bank do not trust big tech with it
Albusa
April 23, 2023 at 3:23 pm
I trust Apple more than I trust a Bank…Apple will never go out of business like most banks do. lol
Ryan Bang
April 23, 2023 at 1:28 am
It took me a minute to apply for Apple credit card and then two minute to open Apple savings including transferring money from my wells Fargo and Chase bank accounts. Now my money is getting 4% interest instead of getting pennies from other banks.
Twizere Julienne
April 23, 2023 at 1:31 am
Going WeChatized😊
Brandon Diaz
April 23, 2023 at 2:03 am
The apple wallet is becoming full circle especially with being able to add a state ID in it
Syed Faheez
April 23, 2023 at 2:18 am
Trust me it is not any close to UPI in India 😂
Roast Beef
April 23, 2023 at 3:19 am
This chick with her exaggerated facial expressions and gesticulations is really annoying. Her voice too.
Roast Beef
April 23, 2023 at 3:30 am
I live in NYC city too, and ride the subway, and I have my transit benefit card, which is also a Mastercard, in my AppleWallet on my iPhone, so I don’t know what the problem with hers is.
Zeed KAK
April 23, 2023 at 4:13 am
Food for less and Walmart need to add Apple Pay, these the only two place I pull up my wallet when I go there
Jason
April 23, 2023 at 4:25 am
Apple credit card is ok. It’s weak on the non Apple Pay, or Apple Store rewards. I got a Wells Fargo Active cash card that gives me 2% cash back on every purchase. That includes places that does not accept Apple Pay.
I also got Ally Bank and Lending Club high interest savings accounts and getting 4% interest.
It’s insane how much money in interest people can get.
I may get an Apple Card later though as a secondary card. It’s good to increase the Credit limit one can have as long as you are capable of not buying stuff you can’t pay back in the next statement. The increased credit limit is actually a positive for credit score when you consistently pay off the cards on time every month.
René Pouliot
April 23, 2023 at 8:23 am
Will this go outside of the U.S. ? No sign of when it will come to Canada.
Your Subconscious
April 23, 2023 at 10:59 am
so, basically, in the possible future, we are going to have all our money invested into individual companies we prefer
W K
April 23, 2023 at 11:26 am
The savings account needs more security. It’s super easy to access, add a rogue bank account, and withdraw funds. There should be Face ID to access it just like using the Apple Card.
Edison Saldano
April 23, 2023 at 4:13 pm
It’s been great for me i use it all around the world when i travel and at home . The usual holdouts (homedepot and the other home improvement store) .
Land Shass
April 23, 2023 at 5:52 pm
I refused the iphone from the get-go. You remember you’re tied with AT&T for tow years, then tied up with actual iphone in order to use the iOS….. No no no, I went with android and got my freedom switching phone brands the way I like. I’m living my freedom not tying myself with a payment method. I use my gas apps to pay for gas with the card of my choice. I switch cards depending on which one can get me the best cash back.
Dragon tron
April 23, 2023 at 8:21 pm
Anyone realise her voice piss me off
Armaan Sidhu
April 23, 2023 at 9:19 pm
As a Canadian it’s less fragmented… I can go pretty much anywhere and not need a physical card in the city. Since none of my transactions are in cash the only reason I still carry my wallet is for my id and my transit card.
other than that I pretty much rely on my phone as it has all my cards and even all my membership and points cards.
Nacho Problem
April 23, 2023 at 9:54 pm
Goldman Sacks also has a co-branded Amex Platinum card that’s been out for years.
tbaymyhome
April 23, 2023 at 10:52 pm
I left Apple. I still have old iPhone s4 case wallet. Canada dont do Apple Cash. Bank of Canada is controlled Bank Physical. One Network POS and Credit/Debit Card.
Native2458
April 23, 2023 at 11:06 pm
Paypal has a savings account.
Maybe google may follow suit
Homolone . . .
April 24, 2023 at 12:12 am
Apple Pay needs to be better at drive through restaurants. Many accept it, but employees don’t have it ready, and have to grab a scanner and stretch out toward your car, then you stretch your phone or wrist out… It’s awkward, and in some cases they just want you to hand over your phone because it won’t reach.
Once that’s fixed, and Kroger accepts it, I’ll stop needing a physical card for any regular use case.
Sean Doan
April 24, 2023 at 12:51 am
I worked at CVS for 10 years. My last year was the first year Apple Pay came out. It didn’t make sense to me that we took google wallet for the time being but when Apple Pay started they wouldn’t take it. I know they were going to do something else, I forget what it was going to be called, but it failed miserably.
The last farewell
April 24, 2023 at 2:25 am
Have used Apple Pay since the beginning, and not have closed my Wells Fargo accounts and moved all cash from Schwab into Apple Savings. I also use Robinhood’s cash sweep since it beats Apple Savings by a bit at 4.40%, but these are now my main two places to earn interest. IMHO, the big banks have much to worry about. At least for me, they no longer offer anything interesting.
ooo
April 24, 2023 at 2:32 am
The fact that Apple users can double click the side button and get apple pay instantly is already an advantage over anyyy service/app that is trying to replicate it or offer that competes with apple pay.
Secret Agent
April 24, 2023 at 6:48 am
How old aru
eggie
April 24, 2023 at 7:38 am
Your money is surely secure here vs risky banks
grayhare200
April 24, 2023 at 8:36 am
Apple savings limits the amount of a transfer to $20k over a 7 day period. So if you needed funds to make a large purchase or put down a large down payment, it could present a problem. “Apple Cash is provided by Green Dot Bank, Member FDIC. Transfers to Apple Cash must be at least $1.00 and can be no more than $10,000. You may transfer no more than $20,000 per rolling 7-day period. Additional limits on the amount and frequency of transfers may be placed for the security of your Savings account.”
Joel Smith
April 24, 2023 at 9:52 am
I’ve had the Apple Card since it was available for me which I believe was August 2019. The main thing I use it for is to get 3% cash back on Apple purchases like my Apple Music and in app purchases. When I got my iPhone 13 I used the card and got the 0% interest 24 month financing and got 3% back on that which was really nice. I also have the physical titanium card because who doesn’t want a titanium credit card, but I hardly ever use it because you only get 1% with the physical card. If it gave you say 2% like the Citi Double Cash card or higher it would be my new default card and I would use it all the time. You can get 2% with Apple Pay, but there are still very few places I go to that have Apple Pay. The main places I go are grocery stores and restaurants and I already have cards that give me more than 2% anyway. It would be great if they had more retailers for the 3% categories also because I don’t go to any of those places.
Michael’sWildMix
April 24, 2023 at 11:02 am
Why the heck won’t Home Depot or Lowe’s take Apple Pay
Walt Kuiland
April 24, 2023 at 11:10 am
Been using the card since launch and I love it. The ease and increasingly widespread acceptance is fantastic. I just opened the Apple Savings account without a hitch. My favorite feature of the actual physical card is its lack of account information which gives me a worry free experience when someone takes my card in the back to swipe it and they can’t “swipe” my account information. That’s especially true when traveling abroad. Anytime the card is swiped I get a notice literally within seconds (and before leaving) so I know right away what’s being charged. And yes, I am an unapologetic Apple fan boy.
Robert Hays
April 24, 2023 at 12:46 pm
Its literally through Goldman Sachs. The first or second biggest bank. Idiots
Dani Alexandria
April 24, 2023 at 4:04 pm
Can they bring the Apple Card finally to Canada please? I NEED this!
Angelo
April 24, 2023 at 4:35 pm
She is so bad.
H T
April 24, 2023 at 6:27 pm
Of course there are smaller banks with higher interest. But there is the chance that these banks bust. The chance that apple busts is lower than the chance of a collapse of the USA.
Phoenix
April 24, 2023 at 8:31 pm
If you’re having issues with getting your EdenRed transit card on Apple Wallet, you have to do it like 5-10 times for it work.