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Apple's Savings Account Changes Everything

Apple's ecosystem just got a little bigger.

By Travis Hoium – Apr 20, 2023 at 7:30AM EST

Apple (AAPL +0.11%) has announced that it is growing the tools in the Wallet app with a savings account. That's a big win for savers but could make Apple's products even stickier. Travis Hoium highlights why this is a great move for Apple and its shareholders. 

*Stock prices used were end-of-day prices of April 17, 2023. The video was published on April 19, 2023.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Apple and Block. The Motley Fool has positions in and recommends Apple, Block, and Goldman Sachs Group. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

Apple Stock Quote
Apple
NASDAQ: AAPL
$255.92
(+0.11%)+$0.29
Goldman Sachs Group Stock Quote
Goldman Sachs Group
NYSE: GS
$863.86
(+0.42%)+$3.65
Block Stock Quote
Block
NYSE: XYZ
$59.78
(+0.40%)+$0.24

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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