San Francisco: Apple has launched a brand new high-yield financial savings account for Apple Card customers that can include a 4.15 annual proportion yield (APY).
Apple Card customers can now select to develop their Daily Cash rewards by routinely depositing their Daily Cash right into a high-yield Savings account from Goldman Sachs.
“Starting today, Apple Card users can choose to grow their Daily Cash rewards with a Savings account from Goldman Sachs, which offers a high-yield APY of 4.15 per cent — a rate that’s more than 10 times the national average,” stated the corporate.
With no charges, no minimal deposits, and no minimal steadiness necessities, customers can simply arrange and handle their Savings account instantly from Apple Card in Wallet.
“Savings helps our users get even more value out of their favorite Apple Card benefit ‘Daily Cash’ while providing them with an easy way to save money every day,” stated Jennifer Bailey, Apple’s vice chairman of Apple Pay and Apple Wallet.
“Our goal is to build tools that help users lead healthier financial lives, and building Savings into Apple Card in Wallet enables them to spend, send, and save Daily Cash directly and seamlessly ‘all from one place’,” Bailey added.
Once a Savings account is about up, all future Daily Cash earned by the consumer can be routinely deposited into the account.
To construct on their financial savings even additional, customers can deposit further funds into their Savings account by way of a linked checking account, or from their Apple Cash steadiness.
“Users will also have access to an easy-to-use Savings dashboard in Wallet, where they can conveniently track their account balance and interest earned over time,” Apple stated late on Monday.
Users also can withdraw funds at any time by way of the Savings dashboard by transferring them to a linked checking account or to their Apple Cash card, with no charges.
