They are, it's a Goldman Sachs account branded by Apple. But the recent bank fai... | Hacker News

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		humanistbot on April 17, 2023 \| parent \| context \| favorite \| on: Apple Card’s new high-yield Savings account is now... They are, it's a Goldman Sachs account branded by Apple. But the recent bank failures have shown that the US government did not even hesitate to cover depositors who put themselves at risk. Goodbye moral hazard.

rchaud on April 17, 2023 | [–]

It's not the first time that portfolio losses accruing to billion-dollar companies have been covered by the taxpayer, and it won't be the last.

dicomdan on April 17, 2023 | [–]

What if I already have a Marcus / Goldman Sachs account with 250k? Is this going to be a separate 250k for the purposes of FDIC?

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