not really, you need to have an Apple-branded credit card to even apply for this. I don't think it's particularly difficult to get an Apple Card but if you have lousy credit this doesn't make anything easier for you.
It gives people who are poorly banked an option to save in a higher yield account than what they may have with a big bank. One of the things that Apple Card does better than others is show that information about how much you're spending. With the savings account, showing that you are saving money can be useful in knowing that you've got it and its change over time (compared to logging into a bank that you otherwise rarely interact with).