{"id":1325,"date":"2023-05-09T08:00:00","date_gmt":"2023-05-09T15:00:00","guid":{"rendered":"https:\/\/learnffs.com\/?p=1325"},"modified":"2023-05-08T12:39:27","modified_gmt":"2023-05-08T19:39:27","slug":"apple-bank","status":"publish","type":"post","link":"https:\/\/learnffs.com\/index.php\/2023\/05\/09\/apple-bank\/","title":{"rendered":"The Future of Banking"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/dim.mcusercontent.com\/cs\/9ac0f764439680141231679b7\/images\/067f18fc-492c-1876-282e-d37f6bc72235.jpg?w=564&amp;dpr=2\" alt=\"\"\/><\/figure><\/div>\n\n\n<figure class=\"wp-block-table alignleft\" style=\"font-size:19px\"><table><tbody><tr><td>Apple&#8217;s new high-yield savings account has already attracted almost $1 billion in deposits within four days of its launch. The savings account, offered in partnership with <strong>Goldman Sachs<\/strong>, offers an annual percentage rate of 4.15%, which is more than 10 times the national average. <strong>Robinhood<\/strong> also recently unveiled a high-rate savings product yielding 4.65% annually for Robinhood Gold members. As a result, regional banks are facing significant challenges as customers opt for non-traditional alternatives that offer attractive rates. In recent weeks, regional banks have experienced a deposit drain amid the banking system&#8217;s recent distress and rising interest rates.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Complex Terms:<\/p>\n\n\n\n<ul>\n<li>Goldman Sachs &#8211; Multinational investment bank and financial services company headquartered in New York City.<\/li>\n\n\n\n<li>Robinhood &#8211; Financial services company providing a mobile app-based trading platform for individual investors.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Apple&#8217;s new high-yield savings account has already attracted almost $1 billion in deposits within four days of its launch. The savings account, offered in partnership&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1326,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[6,17],"tags":[],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/learnffs.com\/wp-content\/uploads\/2023\/05\/image.jpeg","_links":{"self":[{"href":"https:\/\/learnffs.com\/index.php\/wp-json\/wp\/v2\/posts\/1325"}],"collection":[{"href":"https:\/\/learnffs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/learnffs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/learnffs.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/learnffs.com\/index.php\/wp-json\/wp\/v2\/comments?post=1325"}],"version-history":[{"count":2,"href":"https:\/\/learnffs.com\/index.php\/wp-json\/wp\/v2\/posts\/1325\/revisions"}],"predecessor-version":[{"id":1338,"href":"https:\/\/learnffs.com\/index.php\/wp-json\/wp\/v2\/posts\/1325\/revisions\/1338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/learnffs.com\/index.php\/wp-json\/wp\/v2\/media\/1326"}],"wp:attachment":[{"href":"https:\/\/learnffs.com\/index.php\/wp-json\/wp\/v2\/media?parent=1325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/learnffs.com\/index.php\/wp-json\/wp\/v2\/categories?post=1325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/learnffs.com\/index.php\/wp-json\/wp\/v2\/tags?post=1325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}