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Apple and fintechs like Robinhood chase yield-hungry depositors as Fed fee hikes proceed

With rates of interest rising and regional banks struggling, a number of new entrants have entered the high-yield financial savings account market. Apple jumped into the market final month with a financial savings account that yields greater than 4%, whereas fintechs corresponding to Robinhood and Improve supply merchandise with even larger rates of interest. “It…

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