Post #102 by Gator1984 on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks ❤

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There are plenty of 4% money market savings accounts around. So it has an Apple logo on it. Big deal? Apple/Goldman can only pay 4% if they can find a way to deploy the funds earning higher than 4% net of expenses. It is not like Apple can just use the funds to buy back shares. They have to buy earning assets with appropriate risk and duration. This will be part of an FDIC insured bank. I just don't see it as a gamechanger.

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