After what seems to be an eternity, the day is finally here that Apple and iPhone fans have been salivating for! From April 17, users can start harnessing the power of the Apple Card Savings Account with Goldman Sachs and earn interest income on their Daily Cash balance without ever leaving the Wallet app.
A savings account that requires no fees, deposits, or minimum balances offers an incredible return of 4.15 percent, far surpassing the current national average by ten-fold. Apple proudly boasted about this offering in a recent press release.
Unlocking the Door to an Apple Card Savings Account: A Comprehensive Guide
To take advantage of the Apple Card Savings Account, you’ll need to grab yourself an Apple Card first. Accessing this nifty tool for financial security has never been easier!
To access the handy savings account associated with your Apple Card, simply explore the Wallet app on your iPhone. When you open up the Apple Card within the app, you’ll notice a small circle with three dots in the top-right corner of the screen. Tap this and choose Daily Cash to bring up a prompt for starting an Apple Card Savings Account. From there, you’ll be guided through the whole setup process in just a few moments.
All you need to do is provide your Social Security number and other essential information, confirm the terms and conditions, then hit ‘submit’ and your application will be sent off to Goldman Sachs. You’ll be done in a matter of minutes!
After establishing it, all your upcoming Daily Cash rewards will be directly deposited into the new savings account, thus accruing interest. In the event that you wish to transfer the funds elsewhere, you are at liberty to do so anytime.
Keep tabs on your Savings Account by exploring the Apple Card section of the Wallet app. Here, you can determine the current balance, deposit from a connected bank account or Apple Cash account, or make a withdrawal. Pay close attention and get a better sense of your wallet status!