Apple announced a new Savings account for Apple Card that will allow users to grow rewards in Apple Wallet by automatically depositing their Daily Cash into a high-yield Savings account from Goldman Sachs.
Apple Card High Yield Savings Account
Apple will be introducing a new Savings account for Apple Card in the upcoming months. The new high-yield Savings account will allow users to save their Daily Cash automatically. The account will have no fees, no minimum deposits, and no minimum balance requirements. Users will soon be able to spend, send, and save Daily Cash directly from their Apple Wallet.
Apple Card, which is part of the Wallet app on the iPhone, has changed the way people use credit cards by making the application process easier, getting rid of all fees, encouraging users to pay less interest, giving users the privacy and security they expect from Apple, and giving Daily Cash on every purchase.
The new Savings account will be provided by Goldman Sachs and will add to the benefits Apple Card users already get. Users get 3% Daily Cash on purchases made with Apple Pay and certain merchants, like Uber and Uber Eats, Walgreens, Nike, Panera Bread, T-Mobile, ExxonMobil, and Ace Hardware. They also get 2% Daily Cash when you use Apple Pay at other merchants and 1% on all other purchases.
Bottom Line
Apple hasn’t announced the exact date of the launch of the new Savings account, but it should be within the upcoming months. It’ll be a great way for users to see their Daily Cash grow with interest.
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