Apple continues to build on its fintech presence, announcing a new Apple Card savings account offering users an attractive 4.15 annual percentage yield.
The tech juggernaut is partnering with Goldman Sachs. Clients can create an account from the Wallet app on their iPhone devices, but users must have an Apple Card to open the savings account. There are no minimum balance or deposit requirements.
Customers can manage their Apple Card savings accounts on a dashboard that will show up in the Wallet app. This will allow customers to monitor their account balance, keep track of their interest, and withdraw funds.
Daily Cash rewards garnered from the Apple Card will automatically be transferred to the savings account. This popular feature provides users unlimited 3 percent back on all Apple purchases, such as games from the Apple Store, Apple TV+ services, or a new Mac….