Apple Launched 4.15% APY Account? But Tiger Vault Offers a 4.81% Yield!

On April 17, $Apple(AAPL)$ released news that put the US banking industry under pressure. Apple's Apple Card high-yield savings account in cooperation with $Goldman Sachs(GS)$ was officially launched.

According to Apple's official announcement, Apple Card offers users an annual percentage yield (APY) of 4.15%, which is more than 10 times the current average savings deposit rate in the United States. Plus, the account requires no fees, no minimum deposit amount and no minimum requirements...

Daily Cash will be automatically deposited into the user's savings account if the Apple Card is activated, making it a truly senseless and seamless way to pay for everyday purchases. In addition, users can also freely transfer funds from or into a regular bank account at any time, again without paying any fee.

Due to successive interest rate hikes by Fed, the upper limit of benchmark interest rate has now reached 5.00%. According to FDIC data, however, as of March 20, 2023, the average interest rate on US savings and deposit products is only 0.37%! In other words, due to information asymmetry, many Americans haven't enjoyed the high interest rate in bank accounts.

Under a similar high interest rate environment, Alipay came out ten years ago, completely changing the deposit habits of the Chinese people. As of 2022, the number of iPhone users in the US exceeded 120 million. It means that one out of every three Americans uses Apple. Such a powerful technology giant, Apple, has officially launched Apple Card Saving accounts, using technology to eliminate information bias and create convenience and benefits for ordinary people.

Tiger Vault shares the same vision with Apple

Tiger Vault also offers great Autosweep features for investors:

• One-time activation, automatic cash benefits for idle funds, Fullerton Money Market Fund offers 7-day annualized return of 4.81%* (*from Tiger Trade APP*, as of April 19, 2023)

• Automatic deposits and withdrawals, acts as your purchasing power, automatic repayment of financing debts

• No fees to pay, no complex procedures, no extra steps, a silky experience for every investor.

For more information about the Autosweep feature of Tiger Vault, please see <Seamless returns for the smart investors> and activate tiger vault autosweep now for a better investment experience empowered by technology.

Disclaimers:

The information contained in this material is for informational purposes only and does not include the following:

(1) An offer to purchase any financial product or service

(2) Any recommendation to take any action with respect to any financial product; or

(3) Any investment advice.

Regardless of the information contained in this material, you should make your own investment decisions and bear your own investment risks.