Apple Card has partnered with Goldman Sachs to offer a Savings account to its users. The Savings account comes with a high-yield annual percentage yield (APY) of 4.15 percent, which is more than 10 times the national average.
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There are no fees, minimum deposits, or minimum balance requirements for this account, making it an easy and accessible option for anyone looking to save money.
The Savings account is designed to help users grow their Daily Cash rewards while saving money. Once the account is set up, all future Daily Cash rewards earned by the user will be automatically deposited into the Savings account.
Users can also deposit additional funds through a linked bank account or their Apple Cash balance. There is no limit on how much Daily Cash users can earn, and they can change their Daily Cash destination at any time.
The Savings account comes with an easy-to-use dashboard in the Wallet app, where users can track their account balance and interest earned over time. They can also withdraw funds at any time through the Savings dashboard by transferring them to a linked bank account or to their Apple Cash card, without any fees.
The Apple Card Savings account is part of the company’s commitment to providing financial health benefits to its users. The Apple Card already offers Daily Cash on every purchase, no fees, and tools that help users pay less interest. By offering the Savings account, Apple is making it even easier for users to lead healthier financial lives.
In conclusion, the Apple Card Savings account is an excellent option for anyone looking to save money while earning a high-yield APY. With no fees, no minimum deposits, and an easy-to-use dashboard, it’s a great way to grow your savings.
