Apple is now offering its Apple Card holders a high-yield savings account with Goldman Sachs, allowing users to grow their Daily Cash rewards with an annual percentage yield of 4.15%. The account has no fees, minimum deposits or balance requirements, and can be set up and managed from the Apple Card in the Wallet app.
The savings account is FDIC insured and users can access a savings dashboard to track their account balance and interest earned over time. Apple aims to build tools that help users lead healthier financial lives, said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet.
