DAVE'S NOTE: DO YOU REALLY THINK YOUR MONEY IS SAFE IN THE BANK. THERE ARE MULTIPLE REASONS TO ONLY LEAVE OPERATING FUNDS IN YOUR BANK. UNDER THE UNCONSTITUTIONAL UMBRELLA OF THE DODD-FRANK LEGISLATION (2010) IN WHICH A BANK CAN NOW SEIZE YOUR FUNDS OR SIMPLY REDUCE THE VALUE OF YOUR FUNDS INCLUDING YOUR BANKING AND RETIREMENT ACCOUNTS! TODAY'S BANKING CUSTOMERS NEED JESUS TO CHASE THE MODERN-DAY MONEY CHANGERS FROM AMERICAN BANKS.

After the new Apple savings account was launched in April to great fanfare, the system has been facing serious teething problems, according to customers.

The annual yield on an Apple savings account offers a generous 4.15 percent interest rate, dwarfing the current savings account yield of 0.39 percent, according to Bankrate.

The account's interest rate is about ten times the average yield offered by mainstream banks, making it attractive to new customers and falls well below the Federal Reserve's borrowing rate of between 5 percent and 5.25 percent.

This allows users to earn a sizeable amount in interest over the course of a year.

Some reports suggest that the launch had already attracted as many as $1 billion in deposits within four days of launch.

Goldman is the primary issuer of Apple's new credit card, which is the only way a customer can open a savings account with the tech giant.