04.25.23 Apple’s Savings Offer / Medical Debt & Your Credit: New Rules

What to know about Apple’s new savings account offer. Plus, a cautionary note about companies promoting high savings rates that only amount to promissory notes because they’re NOT insured. Learn what to look out for to protect your hard earned savings. Also today, the wait is over. Finally a new rule on medical debt kicks in that could kick up your credit score. 

• Apple Savings Offer: Segment 1
• Ask Clark: Segment 2
• Medical Debt Law Now In Effect: Segment 3
• Ask Clark: Segment 4

Mentioned on the show

• WSJ: Apple Makes the iPhone a Home for Savings Accounts
• Clark.com: Apple Is Now Offering 4.15% APR Savings Accounts: Is There a Catch?
• This Start-Up Promises Rates 13 Times Higher Than a Typical Savings Account. One Problem: It Isn’t a Bank
• Deposit Insurance - FDIC / Are Credit Union Deposits Insured Up To $250,000?
• Fidelity Youth Account frequently asked questions (FAQs)
• CarMax Review: 5 Things To Know Before You Buy or Sell
• [The Washington Post] Finally, medical debt under $500 has been removed from credit reports
• What is a “surprise medical bill” and what should I know about the No Surprises Act?
• 3 Ways To Get a Free VIN Check Before Buying a Used Car
• How To Spot a Puppy Scam Online

Clark.com resources

• Episode transcripts
• Community.Clark.com
• Clark.com daily money newsletter
• Consumer Action Center Free Helpline: 636-492-5275

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