If you're already deeply in the Apple financial ecosystem perhaps it makes sense but if you're just chasing yield there are better options out there. SoFi will

If you're already deeply in the Apple financial ecosystem perhaps it makes sense but if you're just chasing yield there are better options out there. SoFi will pay you 4.2%, and there are lesser known banks above that. Treasury money market funds (e.g. VUSXX) will pay you in the high 4% range (VUSXX is at 4.68%) and are exempt from state and local taxes too.