Apple, Goldman Sachs launch high-yield savings account with 4.15% interest

admin 2023年5月23日

Beginner

Business & Economy, Business & Economy - Beginner

Pre-reading questions:

I will read each question. Then, please answer them.

講師がそれぞれの質問を読むので答えましょう。

Are you familiar with mobile banking?
Can a higher interest rate on deposits make you move to another bank?

Vocabulary:

I will read the words, meanings, and sample sentences. Then, repeat after me.

単語、意味、例文を読みます。講師に続いて音読しましょう。

compete /kuhm-PEET/

[verb] – to try to be more successful than someone or something else
During the Olympic Games, athletes from different countries compete against each other to win medals.

access /AK-ses/

[noun] – the right or opportunity to use or receive something
The new software provides easy access to all of your files and documents in one place.

deposit /dih-POZ-it/

[noun] – a payment, especially into a bank account
The landlord requires a security deposit before tenants move into the apartment, which will be returned at the end of the lease if there is no damage to the property.

recently /REE-suhnt-lee/

[adverb] – not long ago, or at a time that started not long ago
I haven’t seen my cousin in a long time, but recently we reconnected over social media and caught up on each other’s lives.

entry /EN-tree/

[noun] – the act of entering a place or joining a particular society or organization
The entry of her name on the guest list caused quite a stir among the party organizers.

Article reading:

Please read the whole article. Then, I will check your pronunciation and intonation.

記事を音読しましょう。講師はあなたの発音とイントネーションを確認します。

Apple and Goldman Sachs have partnered to launch a new high-yield savings account with a 4.15% interest rate, over 10 times higher than the national average. Apple is making a concerted effort to increase its financial services offerings and compete with big banks in the crowded banking sector. The Apple savings account requires Apple’s credit card, the Apple Card, to qualify, which incentivizes customers to stick with Apple’s products to maintain access. This creates customer loyalty and provides Apple with greater insight into its customers’ financial data.

The savings account is user-friendly, comes with no fees, has no minimum deposits, does not require a minimum balance, and can be managed directly on iPhones. Although there are higher interest-rate savings accounts available, Apple’s involvement is noteworthy and may incentivize some industry change. In addition, Apple recently announced its entry into the “buy now, pay later” industry with its Apple Pay Later program, which allows customers to pay for purchases in installments and manage their payments through the Apple Wallet app.

True or False:

Read the sentences and identify if they are true or false based on the article.

文章を読んで、記事に基づいて正誤を答えましょう。

Apple and Goldman Sachs have partnered to launch a new high-yield savings account with a 7.15% interest rate.
Apple is making a concerted effort to increase its financial services offerings and compete with big banks in the crowded banking sector.
The Apple savings account requires only a credit card from any bank for the user to qualify.
The savings account is user-friendly, comes with no fees, and has no minimum deposits.
The Apple Pay Later program allows customers to pay for purchases in seven installments and manage their payments through the Apple Wallet app.

Fill in the blanks:

Choose the correct word from the table then fill in the blanks.

適切な言葉を選んで空欄を埋めましょう。

compete

access

deposit

recently

entry

The ______ of the startup company at the expo raised some eyebrows.
She has ______ taken up painting as a hobby and is already creating impressive works.
The two companies are going to ______ in a race to develop the best electric car.
The bank requires a minimum ______ of $100 to open a new savings account.
I’m sorry, but you don’t have ______ to this online forum, as it’s only for registered users.