STS | Apple Savings Card 4.15% | State of FinTech | Founder Authority

Ronak and Greg dive into the announcement that the new Apple Savings Card with 4.15% interest already has 240k users (after just 4 days) with an estimated AUM of about $1 billion.

• What does this mean for Apple?

• What does this mean for other FinTech companies and other banks?

• Will Apple continue to jump further into finances -- mortgages, loans, etc.

• Would we invest into FinTech companies today?

• Founder authority vs. operators -- Tim Cook, Mark Zuckerberg, Jeff Bezos, Elon Musk, Larry Page, Sergey Brin, Steve Jobs, Steve Balmer

https://www.forbes.com/sites/emilymason/2023/05/01/apples-new-savings-account-draws-nearly-1-billion-in-deposits-in-the-first-four-days/

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