Apple has been working for some time to further introduce their own payment system. Is Apple planning to launch its own bank? At least we hope so!
Saving money at an Apple bank
After Apple Pay and Apple Card, the Cupertino-based company recently launched a new service. You can use this to open a savings account with Apple. The account will then be linked to your Apple Card.
Saving with Apple has many advantages
The big advantage of saving with Apple is the interest. You get no less than 4.15 percent interest. By way of comparison: at RaboBank, ING and ABN AMRO you only get 0.50 percent. In addition, you also get money back with your purchases at Apple. Who would not want that?
Currently, Goldman Sachs (an international bank) handles Apple’s savings accounts. But in the future, Apple could of course take over these tasks itself. After all, Apple is adding more and more financial products to their portfolio. And with Apple Pay (Later) and Apple Card, the company now seems to want to step more and more into the banking industry.
Thanks to the high interest rate and nice extras, this could cause a significant run-off at other banks. After all, why not switch immediately if you get much more interest at the Apple bank?
Apple Card still not in the Netherlands
It remains to be seen what exactly Apple plans to do. Unfortunately, Apple Card is still not available in the Netherlands or Belgium. In fact, the payment function was only introduced in the United States.
It is therefore not yet certain whether and when the service will come to Europe. Yet there is a bright spot, because Tim Cook has previously indicated that Apple Card will be released in more countries. Then the idea of a real Apple bank in the Netherlands does not seem so far-fetched anymore.
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