Hi List,

 

Since I posted about the Apple Card high-yield savings account, I thought
I'd also let folks know that PayPal is offering a similar savings account
also paying an annual percentage yield of 4.15%. I did not set up one of
these account since I did not need it so I'm unsure if the process is
similar to that of setting up the Apple Card savings account or not. I also
have no clue if this account requires any residency requirements and if you
must live in the USA to open one or not.

 

I know many folks on these lists use PayPal so perhaps if anyone
successfully sets up one of these savings accounts, they can post back with
how the process worked. I did just update my PayPal app today so you might
want to make sure yours is also updated because I suspect this was just
recently added in order to compete with the Apple Card savings account.
After my PayPal app update, this savings account was being touted at the top
of the PayPal opening screen.

 

Alan Lemly

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