Apple Launches High-Yield Savings Account Offering 4.15% APY

Starting today (04/17/2023), Apple Card customers can now choose to grow their Daily Cash rewards with a Savings account from Golden Sachs at a whopping 4.15%. It’s a High-Yield savings account offering an APY that’s more than 10 times the national average.

To make things even better, there are no fees, no minimum deposits, and no minimum balance requirements. Apple Card customers can easily set up and manage their Apple Savings account directly from Apple Card in their wallet app.

“Savings helps our users 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 your savings account is set up, all future Daily Cash earned by you will be automatically deposited into your account. The Daily Cash destination can also be changed at any time, and there’s no limit on how much Daily Cash you can earn. To build on your savings even further, you can deposit additional funds into your Savings account through a linked bank account, or from your Apple Cash balance.

You have the ability to access everything about your new savings account straight from the wallet app, including an easy-to-use dashboard, and track your account balance and interest earned over time. You 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, with no fees.

Visit this LINK for instructions on how to activate and start using your new Apple Savings account.