Apple and fintechs like Robinhood chase generate-hungry depositors as Fed fee hikes keep on

Critical Points

With interest premiums soaring and regional financial institutions struggling, a amount of new entrants have entered the market place for significant-yield price savings accounts.
Apple jumped into the sector last month, with a cost savings account that yields much more than 4%, though fintechs like Robinhood and Enhance offer you solutions with even better prices.
“It really is genuinely a trade-off for buyers, among basic safety or the visual appeal of protection, and generate,” Enhance CEO Renaud Laplanche told CNBC.

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