Apple Savings Account: Apple launched a savings account and offered higher interest rates than other banks. Apple has launched a savings account for its customers. These savings account is being given a higher interest rate than any bank. Read more about Apple’s savings account in this article –
Apple Inc launches saving account that offering high interest rate 4.15% high yield savings account.
This interest rate is more than 10 times the national average
Apple launched this account service with Goldman Sachs.
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Apple savings account
Apple Card’s new high-yield Savings account is now available, offering a 4.15 percent APY
Apple Card users can choose to grow their Daily Cash rewards with a Savings account from Goldman Sachs, which offers a high-yield APY of 4.15 percent — a rate that’s more than 10 times the national average.
With no fees, no minimum deposits, and no minimum balance requirements, users can easily set up and manage your Savings account directly from Apple Card in Wallet.
“Savings helps you get even more value out of their favorite Apple Card benefit — Daily Cash — while providing them with an easy way to save money every day,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet. “Our goal is to build tools that help users lead healthier financial lives, and building Savings into Apple Card in Wallet enables them to spend, send, and save Daily Cash directly and seamlessly — all from one place.”
Once a Savings account is set up, all future Daily Cash earned by the user will be automatically deposited into the account. The Daily Cash destination can also be changed at any time, and there’s no limit on how much Daily Cash users can earn. To build on their savings even further, users can deposit additional funds into their Savings account through a linked bank account, or from their Apple Cash balance.
You will also have access to an easy-to-use Savings dashboard in Wallet, where you can conveniently track your account balance and interest earned over time.
You can also withdraw funds at any time through the Savings dashboard by transferring you to a linked bank account or to your Apple Cash card, with no fees.
The new Savings account from Goldman Sachs builds upon the financial health benefits that Apple Card already offers, with absolutely no fees, Daily Cash on every purchase, and tools that encourage users to pay less Apple Card interest — all, while offering the privacy and security users expect from Apple.
Annual Percentage Yield (APY) is 4.15 percent as of 4/14/2023. APY may change at any time. Maximum balance limits apply. Savings is available with iOS 16.4 and later.
Accurate as of the time of publication. The national average rate referenced is from the FDIC’s published National Rates and Rate Caps for Savings deposit products, accurate as of 3/20/2023. See the FDIC website for more information.
Savings accounts are provided by Goldman Sachs Bank USA, Salt Lake City Branch. Member FDIC. Savings is available to Apple Card Owners and Co-Owners, subject to eligibility requirements.
Transfer limits apply to Savings transfers to and from Apple Cash. See the Deposit Account Agreement for more information regarding transfer limits.
Variable APRs for Apple Card range from 15.74 percent to 26.74 percent based on creditworthiness. Rates are as of April 1, 2023. Apple Card is subject to credit approval, available only for qualifying applicants in the United States, and issued by Goldman Sachs Bank USA, Salt Lake City Branch.
Apple savings account is available from April 17, 2023
How to open apple savings account ?
Apple savings account opening processing is very simple. If you are Apple Card user, you can access easly apple savings account from Apple Card account. With no fees, no minimum deposits, and no minimum balance requirements, users can easily set up and manage your Savings account directly from Apple Card in Wallet.
