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Would you bank with Apple?⁠ ⁠ The company is launching a no-fee, high-yield savings account with Goldman Sachs for its credit card customers, underlining the tech giant’s ambitions to offer more financial products to its billion-plus iPhone users. ⁠ ⁠ Apple said the high-yield savings account would be available to Apple Card customers ‘in the coming months’. ⁠ ⁠ JPMorgan Chase chief executive Jamie Dimon in June highlighted Apple’s efforts when discussing the ‘brutal’ competition ahead in the banking industry. ‘They’ve already got the Apple Wallet. They want to give you some kind of credit journey experience,’ he said.⁠ ⁠ Apple’s banking ambitions emerged eight years ago with the launch of Apple Pay and have now expanded to include credit cards and instalment lending. Last quarter, revenue from the services unit, which also includes App Store and digital media purchases, grew 12% to $19.6bn. ⁠ ⁠ Tap the link in our to read more about the partnership.⁠ ⁠ 📷️: Peter Macdiarmid/Getty Images⁠ ⁠ #FT #financialtimes #apple #applepay #applecard #goldmansachs #iphone #banking #applewallet #savings #finance #tech #fintech #banks
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