ALBAWABA - Apple has successfully attracted $990 million in deposits in the first four days of launching its high-yield savings account with an annual yield of around 4.15 percent, Forbes reported.
On the first day of the launch alone, the iPhone maker attracted $400 million in deposits.
Last month, Apple launched its savings account, called the Apple Card, which offers an annual yield of 4.15 percent and does not require a minimum balance or deposit.
Users can open an account from the Apple Wallet on their iPhones.
The report also revealed that in just the first four days, 240,000 savings accounts were opened with Apple, which is only equivalent to 0.002 percent of iPhone users in the United States.
Apple confirmed upon the launch of its savings account that all Daily Cash rewards earned through Apple Card - which gives users 3 percent cashback on purchases - will be automatically deposited into the savings account.
