Expressed on 6 May, CEO Tim Cuk, apple company, stated that the initial response of users to the new Apple Card High Proceeds Savings Account service, since its introduction last month, has been “incredible”.

During the second quarter of apple, the Cook stated that the Apple Card High Proceeds Savings Account and the new Apple Pay Later Financing Services could help clients to “more healthy financial lives”.

The daily return from Apple Card (Daily Cash) from Apple Card will automatically be deposited in the account after the user has established the savings account through Apple Card, and the account can be set and managed in a package application on iPhone, similar to the domestic balance.

Apple Card currently provides an annual interest rate of 4.15 per cent. Apple indicates that, as of late March, the interest rate was “more than 10 times the United States average”.

High interest rates combined with the ease of opening savings accounts make Apple Card attractive. The creation of an account would be limited to a few minutes and would operate in the same way as any other savings account, with no cost or minimum balance, but the account could not exceed the insurance limit of FDIC (Federal Deposit Insurance Corporation) of $250,000.

According to information from those who know for the Fows, four days before the service started, it has absorbed nearly $1 billion (approximately $6.9 billion in the People’s Currency) deposit, with approximately 240,000 Apple Card Savings Account in the first week.