My Apple's Saving Account Grew! | 4 Month Review

My Apple's Saving Account Grew! | 4 Month Review | Worth It..?

Рет қаралды 18,897

Күн бұрын

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Recorded on: A Smartphone
0:00 - Intro
0: 42 - Requirement to Open Apple High Yield Saving Account
1:48 - Apple Saving Account Experience
3:46 - Wealthfront Experience
6:06 - Double-Edge sword of Apple Saving Account
9:27 - Final Thoughts
11:05 - Bloopers
DISCLAIMER: This article contains an affiliate link, meaning that if you click on the product above, I’ll receive a small commission at no extra cost to you!

Пікірлер: 65

@JamesMuldrow 8 ай бұрын

The card not having visible numbers is a security feature they added! You can still use the card at stores. I hope that was a joke.

@504cool 6 ай бұрын

Ya know, “not sponsored” means no affiliate links too 😆. I’m not sponsored by the product I made the video about, however here’s a competing service that I make money from lol. You have a solid channel man, people are going to watch your content. Don’t get caught up in bad “KZfaqr” habits.

@zveinz2016 10 ай бұрын

Our sponsored today......Nobody. I have to subscribe after that one LMFAO

@gospelsara8658 6 ай бұрын

tbh me haha

@arro-pie 11 ай бұрын

Love the video. I really like your Financial vids in general. Within the past year I have really started getting serious about my Finances (better late than never) and I've been looking for a good place to save. I'll totally give Wealthfront a look!

@JohnnyScumbagg 9 күн бұрын

Why would the apple credit card be useless because it doesn’t have numbers on it? ITS A CREDIT CARD

@shockjock35 9 ай бұрын

The 1-3% cash back and no annual fee is pretty standard for most cards. GS should be able to handle that. I think the billing cycle issue is a tool used to get people to miss paying by the statement closing date. So now they can’t charge interest. It’s possible that they may have either have a ton of people that have defaulted accounts so lose money or they have a ton of people that pay off the card at the end of the month. However I do like that we can roll the cash back into the 4.15% HY Savings account. The user experience in the Apple wallet is the absolute best.

@justinguarino201 2 ай бұрын

My Wells Fargo has like 2% cash back, and it has annual fees… lol.

@demolajinadu 11 ай бұрын

First! Rooting for you to get sponsors. Great insights, Dayo.

@DayoAworunse 11 ай бұрын

🥇 Sponsors are on the way :)

@DavidGrossNYC 11 ай бұрын

I don't think you said anything wrong per se. I think you overlooked some things though. The apple card/savings is easy. I don't have to remember which card to use at which location for which rewards. You don't have to manage multiple rewards that may expire. If I don't fly my flyer miles don't go to waste. You can spend a lot of time juggling all the different rewards. With the apple card you just simply pay, the rewards you accrue are cash immediately and so they can be spent on anything. On top of that they go straight into the high yield savings so instead of thinking "how should I spend my rewards?" I think "great more money going into my savings" and I leave it alone, so it not only gets saved, but it also builds interest on top of that. Additionally, having too many credit cards isn't good for your credit score which is very important if you actually do want to try and buy that house you are saving for. Financial stuff is complex (I am far from a financial advisor) and different people have different needs. If someone is flying 1-2 times a month then maybe it pays for them to have a card with flyer rewards. However, if you fly 1-2x a year, eat out some, and do a little bit of a bunch of different things than a generalist card might actually be better for you. The apple card may not be right for you, but it is right for a lot of people. Ease of use and access is not to be underestimated. I am so busy in my life that anything I can setup, not think about and it runs itself is a godsend. All that said I really do enjoy your content in general and while I may have had some things to pick at in this video most of them are spot on!

@kerrydaniels8460 11 ай бұрын

You say all that, but most cards don't really have expirations on points or miles. Two, it's easily automated. I have like 3 main cards. Ot's not hard at all and pretty easy to manage. My stuff is on autopay. I literally get way more money from other cards. It's not hard at all to tale two seconds to spend points or get money right away. I $500 more in 3 months from using points than any apple card would be worth. Apple card simply sucks for anyone that actually cares about maximizing their money. Put a little time into setting up your finances and it becomes routine.

@DavidGrossNYC 11 ай бұрын

A lot of this is subjective to the person, which I did say in the original post. Yes, if you manage all the cards and keep track of them and redeem the rewards etc you will end up with more. That said, it's not just a matter of setting up auto pay (which I use) it's tracking and using them. No it's not "that much time" but depending on what your life is like that mental load may be something you don't want to deal with. When I was younger (I'm really not that old to be fair) I used to do a lot more maximizing of stuff like this. However as life has become busier it's easy for me to forget or not have the time to worry about paying with the right card and making sure to redeem the rewards etc. (If they don't expire then sure I will eventually redeem them.) Also, you have 3 main cards, not 9 lol. The apple card isn't the only card I use, and I do have 2 additional cards to places that I specifically shop a lot because yes, I get better rewards. But for my everyday purchases they all go through the apple card because there isn't enough value for the time spent having all the cards, especially since you have to keep an eye on all of them for fraud and such. Also, as I mentioned if you have 9 open cards that may impact your credit score. @@kerrydaniels8460

@Disney_rehab 7 ай бұрын

In my opinion and for my lifestyle, I'd say the Apple savings sounds like the perfect situation for me. I'm well incorporated into the Appleverse. Have an existing Apple card that I use regularly and receive cash back from regularly. It appears sooo quick and easy to set up as it was setting up the Apple card itself. And why is no one talking about how ridiculously easy it is to chat for customer support! You literally imessage them straight from the wallet and they are available 24/7 and tend to resolve my problem within mins. The APY is great. I have a very basic need for savings. It appears great for anyone with the need for a HYSA looking for something super user friendly. And Apple is a known brand that I trust. I personally see no real cons of this HYSA from my personal standpoint.

@englishwithaltini Күн бұрын

Very well said and I agree!

@A1servicesllc87 3 ай бұрын

Very informative…thank you

@skiparotchi 6 ай бұрын

I chose to get one because why not save a lil when paying for Apple Music every month already. That’s pretty much all I use mine for. The savings was a + for me

@Mbro-dq2do 11 ай бұрын

great video bro!

@yung4ng3l 7 ай бұрын

I wasn’t ready for the “No Sponsor” 🤣🤣🤣🤘🏾

@AppleHelperITouch Ай бұрын

As someone who uses Apple Pay like, everywhere, I think it’s worth it plus it’s secure and no one can skim your credit card if you decide to swap or insert their chip.

@AaronCLB 10 ай бұрын

if you had been using the apple card your amount would be higher because of the 1/2/3% cash back tho

@OkiDingo 3 ай бұрын

My credit union only gives 1.06% on my money market account, since for me it’s a no brainer to move money to my apple savings account.

@G0A7 11 ай бұрын

At this point i just want a tierlist of credits card even if they dont exist where i live, im just dead curious

@mattoh07 7 ай бұрын

The sponsor joke got a like automatically 😂

@theodorehaskins3756 4 ай бұрын

Wow! Wow! Wow! You know it would help if you could be a little more objective in your criticism of the Apple Card. But I do agree with you. You shouldn’t have to apply for a credit card just to get a savings account. The other thing to consider is that Apple is not a bank and they have partnered with Goldman Sachs bank, USA and they are the ones that handle apples customers accounts.

@drawingjac 3 ай бұрын

The savings account should be looked at as a benefit of being an Apple Card user, not a separate service that forces you to use something you don’t want.

@seriahalexus 10 ай бұрын

Not the “nobody” sponsor 🤣

@davidamobi7077 11 ай бұрын

I know your a tech channel but can you talk about your current credit cards

@kofijulius5801 5 ай бұрын

You said you will talk about if foreign nationals can also have a savings account..

@S0C0ZY 3 ай бұрын

So since I have the Apple Card and I don’t fly it’s solid , bet

@ardenaudreyarji 11 ай бұрын

Dayo, what did you think of Ichigo's return in Episode #21 Lol

@sheperdmnisi 11 ай бұрын

Can't beat the fold😂

@simonmach1ne 11 ай бұрын

Can i open this From Germany? German Bank Account

@Ken888 11 ай бұрын

Why would I get an apple card when I have a perfectly good mattress to store my money under? 😂

@Lifeisgood586 10 ай бұрын

I guess you don’t wanna build your credit and take advantage of the 4.15% savings interest

@DayoAworunse 10 ай бұрын

@consciousthoughtz5318 I can build my credit and get a higher interest rate by not using this card or saving account

@mrwilliams8623 5 ай бұрын

@@Lifeisgood586Apple changed my interest to 4.50 has that happened to anyone else?

@theodorehaskins3756 4 ай бұрын

🤣🤣🤣

@SycaShow 10 күн бұрын

🤦🏻‍♂️

@JPTulo 6 ай бұрын

1:00 Are you joking when you say the physical card is useless, or did you just not do any research? Because I use it everytime I can’t pay with my phone. It has a security chip embedded in it and the numbers not being printed on it is a security feature. You can access the numbers from within the Apple Wallet.

@DayoAworunse 6 ай бұрын

For 1% yeah it's useless compared to other free cards with way better benefits and rewards

@JPTulo 6 ай бұрын

@@DayoAworunse Better than using a debit card, is it not?

@JPTulo 6 ай бұрын

@@DayoAworunse Also, the app is convenient and the ease of use is great. The rewards never expire. I don’t have to do anything other than only buy things I can afford, and pay off the balance every month. I have a savings account with PNC and if I meet certain criteria they will bump the interest rate up from .02% to .03 percent. As long as there is a minimum of $2500, a direct deposit of at least $1500 every month, and 5 purchases on the debit card. 4.x% interest blows the doors off that .03%, and the convenience of having it all in one place is great for someone who doesn’t want to have seventeen different cards. One for restaurants, one for fuel, one for groceries etc.

@DayoAworunse 6 ай бұрын

@@JPTulo for sure!

@WahidXD 9 ай бұрын

Is that a ps5 on the bottom left corner? Looks like it’s holding up the TV great video btw

@DayoAworunse 9 ай бұрын

It is

@SlowDRV 7 ай бұрын

Whats the apple saving charge you to withdraw the money?

@kyleRS87 5 ай бұрын

Doesn’t charge you anything

@WaveringAna 11 ай бұрын

great video; I found the apple card was fine for me to open, buy a macbook and iphone, then forget about for 4-5 years when I need to do the same again. For most people where opening a new card would ding their credit score by a few points, definitely dont do that

@michaelvaldez999 5 ай бұрын

How long it took you to have the account on Wealthfront open? Mine is still pending

@DayoAworunse 4 ай бұрын

Immediately

@sageaizen6837 11 ай бұрын

What happened to the bleach reactions ???

@Randomness662 11 ай бұрын

I'm so glad there exists a KZfaqr that respects my KZfaq premium purchase and doesn't feed me more ads even though I paid to get rid of them (yes, I know adblockers exist, but I also wanted access to KZfaq Music as well as the play while sleeping function)

@kofijulius5801 5 ай бұрын

I want to create some but I’m not a USA resident Any guide?😢

@DayoAworunse 4 ай бұрын

Don't have any international financial guides. Only offered in the US at the moment

@Daniyoyo 10 ай бұрын

I love apple savings .. my only real gripe is the low APY % , at the time of this writing , of 4.1%. Rates has moved up a shit ton over the past 6 months they need to update their % earned

@504cool 6 ай бұрын

For customers coming .01 to 4.1, it’s a night and day difference lol.