Why Apple’s savings account may be worth it for you (and why it may not be)

Last month Apple announced the opening of a new high-yield savings account for its users. The news was greeted warmly with Forbes reporting that nearly $1 billion in deposits was made in just the first four days after the account was made available. It’s easy to understand why so many people flocked to the offering.

High-yield savings accounts come with exponentially higher interest rates than regular accounts. Apple’s new addition is no exception. The Apple savings account has an attractive 4.15% annual percentage yield (APY). And it won’t be…