Apple Card Launches High-Yield Savings Account with 4.15% Interest Rate for U.S. Customers

Apple has introduced a new feature for Apple Card customers in the U.S. - a high-yield savings account with an interest rate of 4.15%.

Apple has introduced a new feature for Apple Card customers in the U.S. – a high-yield savings account with an interest rate of 4.15%. This new financial product, announced in October, offers a competitive annual percentage yield (APY) compared to other savings accounts, which currently range from 3.5% to 4.75% according to Bankrate.

The savings account is managed by Goldman Sachs, Apple’s banking partner, and is covered by the Federal Deposit Insurance Corporation (FDIC). It is exclusively available for Apple Card customers, who already receive cash back on purchases made with their Apple Card. By default, customers earn 1% cash rewards on all purchases, 2% on purchases made with Apple Pay, and 3% on purchases with select merchants.

What makes this savings account convenient is that customers can choose to automatically deposit their daily cash rewards into their savings account, making it an easy way to save without much effort. The savings account can be accessed and managed through the Wallet app, where customers can view their current balance, interest rate, and transaction history. They can also manually add or withdraw money, and transfer their balance to Apple Cash or a regular bank account.

There are no fees associated with Apple’s savings account, but there is a maximum balance limit of $250,000. Apple aims to provide tools that help users lead healthier financial lives, and this integration of savings into the Apple Card and Wallet app allows users to seamlessly spend, send, and save their daily cash rewards in one place.

Don’t Stop Here

More To Explore

solar eclipse eclipse solar eclipse 2024 solar eclipse 2023 eclipse 2024 eclipse 2023 2023 eclipse 2023 solar eclipse april 8 2024 eclipse 2024 total eclipse 2023 solar eclipses 2024 sun eclipse eclipse april 8 2024 eclipse lunar eclipse eclipse of the sun 2024 eclipse solar eclipse eclipse2023 lunar eclipses solar and eclipse solar eclipse solar eclipse solar solar eclipse solar sun eclipse total eclipse in 2024 total eclipse 2024 total solar eclipse 2024 next solar eclipse total eclipse next eclipse total solar eclipse april 2024 eclipse annular solar eclipse annular eclipse 2023 lunar eclipse 2023 annular eclipse eclipse april 2024 april 2024 solar eclipse solar eclipse april 2024 annular solar eclipse 2023 eclipse today 2023 annular eclipse total eclipse of the sun 2024 sun eclipse 2024 totality eclipse 2024 total eclipse april 2024 8 april 2024 eclipse lunar penumbral eclipse october 2023 eclipse of 2024 eclipse of sun today eclipse penumbral eclipse timer full eclipse of the moon lunar eclipses 2023 next eclipse of the sun solaire eclipse solar eclipse of april 20 2023 solar eclipse of october 14 2023 solar eclipse today solar v lunar eclipse sun eclipse next total solar eclipse in 2024 upcoming sun eclipse sun eclipse next total solar eclipse eclipse 2022 great american eclipse 2024 total solar eclipse 2023 total eclipse 2023 next eclipse 2023 full solar eclipse 2024 full eclipse 2024 upcoming solar eclipse full solar eclipse next total eclipse eclipse april 2023 sun eclipse 2023 iso 12312 2 next eclipse 2024 next full solar eclipse total lunar eclipse april eclipse 2024 next solar eclipse 2023 future solar eclipses eclipse in 2024 solar and lunar eclipse full eclipse 2023 2023 total solar eclipse 1993 eclipse 2017 eclipse 2017 solar eclipse 2017 total solar eclipse 2019 eclipse 2022 solar eclipse 2024 solar eclipse best viewing april 20 eclipse april 8 2024 solar eclipse april 8 2024 total solar eclipse april eclipse 2023 april solar eclipse 2024 eclipse 1994

Experience the Solar Eclipse with The Eclipse App: Your Ultimate Companion

An innovative app, tailored to enhance your observation of the total solar eclipse on April 8, 2024, has risen to prominence on the App Store. Titled simply “The Eclipse App,” it has amassed over 140,000 lifetime downloads on both iOS and Android platforms. This app serves as a comprehensive tool for experiencing the celestial event, providing features such as cloud cover forecasts, precise timing for totality at your specific location, and details on local events, parks, and viewing sites in your vicinity.

Twitter Introduces Payments for Verified Creators' Advertisements in Replies, Elon Musk Announces

Brazil Investigates Elon Musk Over X Dispute

Brazil has launched an investigation into Elon Musk over potential obstruction of justice following X’s reversal of a decision to block certain profiles in the country.