Apple Launches High-yield Savings Account with 4.15 Percent APY

Image Source: Instagram Apple Card’s New High-Yield Savings Account Is Now Available, Offering A 4.15 Percent APY

[{"selector":"#anim-14897ea3-bd60-4388-a0d8-3704a18bd9e4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-73b771a1-a617-4e9f-8cef-9f7244c7484d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-da6bfe2c-9f7b-49f9-9813-e88f499fa9ee","keyframes":{"transform":["translate3d(0px, 183.91382%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Instagram Apple Card users can now take advantage of a high-yield APY of 4.15% through a Savings account from Goldman Sachs.

[{"selector":"#anim-3a522e1f-7d80-4f0d-9a9b-b93dd74ce446 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-45e8d748-7f38-48de-9667-bde47137d365","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-160eabfe-6c4e-4575-997c-6eda0ff31e7c","keyframes":{"transform":["translate3d(0px, 185.40634%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Instagram The savings account offers more than 10 times the national average and has no fees, minimum deposits or balance requirements.

[{"selector":"#anim-d434f04e-0c86-40cc-97a0-21398cddc5df [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-6dbd698e-8567-4352-ada0-a05736b0ccf7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-329efa28-9400-416b-af48-0dc67fea45e6","keyframes":{"transform":["translate3d(0px, 221.74939%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash Users can manage their Savings account directly from Apple Card in Wallet.

[{"selector":"#anim-e79a4f98-9a16-4f5b-996b-3c1d3aeff3b6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-08b27067-7537-4a05-a124-c76f5e815cf7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2887449d-6f7b-4cf7-85d1-28aa4b9b41f3","keyframes":{"transform":["translate3d(0px, 166.53746%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash According to Jennifer Bailey, VP of Apple Pay and Apple Wallet, Savings helps users get even more value out of their favorite Apple Card benefit, Daily Cash.

[{"selector":"#anim-7c2fa9bf-0aa7-4c4c-9343-78fb43f9ec79 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-54cd4ba4-0169-47af-826e-4fdf7733e8d6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a38947cc-6bd9-4437-9886-284c1b7890e4","keyframes":{"transform":["translate3d(0px, 185.40634%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash With Savings built into Apple Card in Wallet, users can easily spend, send and save Daily Cash directly and seamlessly from one place.

[{"selector":"#anim-6f85adbc-c289-4f54-b878-bbdc8422e7a7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-32.42187489333662%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-7ebb312c-81b9-4428-b51e-4db404fc3fd9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b5bcddef-7f5b-4c4e-a0da-ac9975b8e050","keyframes":{"transform":["translate3d(0px, 221.74939%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash All future Daily Cash earned by the user will be automatically deposited into the Savings account.

[{"selector":"#anim-a1631ee3-b7b7-46bf-a569-c766bcc96715 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ede3def0-4808-401e-b29b-a6d624671f11","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d453b85b-dc1d-4284-8832-04802f124ee2","keyframes":{"transform":["translate3d(0px, 185.40634%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash The Daily Cash destination can also be changed at any time with no limit on how much Daily Cash users can earn.

[{"selector":"#anim-785fabcd-4bb0-4627-8aed-68dfe5af4179 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-bc84aecf-2359-40d5-809d-112e795e5129","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4fa3bcbd-b8a3-4329-97e8-c48eeeca88d0","keyframes":{"transform":["translate3d(0px, 185.40634%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash Users can deposit additional funds into their Savings account through a linked bank account or from their Apple Cash balance.

[{"selector":"#anim-0fb1c3b1-216d-410d-84fe-0e4d4db3c18c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7dc95b93-aef5-4946-ab98-d8e786a4d13f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ec1d83df-8aa0-42e5-9366-55655cd35039","keyframes":{"transform":["translate3d(0px, 185.40634%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash An easy-to-use Savings dashboard in Wallet allows users to conveniently track their account balance and interest earned over time.

[{"selector":"#anim-ee731726-0e77-4820-9f2a-52be94f71319 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.843749786673241%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-84bd5a67-2094-4324-8076-8df6ea68b8c3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e6257445-f4fe-426c-8779-624a068c637d","keyframes":{"transform":["translate3d(0px, 221.74939%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash Users can withdraw funds at any time through the Savings dashboard with no fees.

[{"selector":"#anim-ab9659ae-68f1-4b3e-8337-7b0d3a554ecf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-0b74f5d0-4962-4b6b-862d-37c2464dfa66","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-21bcbd3a-1b38-499b-afc9-ff94d53c902d","keyframes":{"transform":["translate3d(0px, 185.40634%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash The new Savings account from Goldman Sachs builds upon the financial health benefits that Apple Card already offers.

[{"selector":"#anim-367cdb2d-0323-4c83-b68e-e20fd548c163 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-e4cc2549-0399-49c8-9822-e70977c6f2ea","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c04cdf6b-ae24-4b72-b2f0-92cec4875a8d","keyframes":{"transform":["translate3d(0px, 166.53746%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash Apple Card users can now benefit from Daily Cash on every purchase, tools to pay less Apple Card interest and the privacy and security that comes with Apple.

[{"selector":"#anim-ca0e0f68-6277-414f-bf6c-0c63ff7edaaa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-76822263-826b-46c5-a807-3a12f0829da9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-481f45f9-3664-42fa-89e3-42d7d7b1d341","keyframes":{"transform":["translate3d(0px, 185.40634%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash The Savings account administered by Goldman Sachs can hold up to $250,000 in deposits and is insured by the FDIC.

[{"selector":"#anim-99f37f08-2b4b-4706-8a13-1b7692bc7440 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-c20da732-9be3-462a-b725-2de8220d30b2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4d25aaa0-55eb-4cee-88ec-43ca1730e322","keyframes":{"transform":["translate3d(0px, 221.74939%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash Users must have an active Apple Card on their iPhone to set up a Savings account.

[{"selector":"#anim-a0cdb3a8-bb59-4969-8b44-3d719606ccaf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-3f106b62-b93f-479b-b127-7ef044ffcb19","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b36bd48-792d-45ec-b8f2-acf363da1dc4","keyframes":{"transform":["translate3d(0px, 185.40634%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash Once the account is opened, Apple Cash rewards from purchases can automatically be deposited into the Savings account.

[{"selector":"#anim-50d8a7df-9b69-4c3e-989b-fc500c4f54e2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.24747020461297%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-f7910b72-5fe5-4d63-9942-6d740e9fffff","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-37820543-e2fb-42b0-905f-ef975211814e","keyframes":{"transform":["translate3d(0px, 185.40634%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash Users can also transfer money from their Savings account to their Apple Cash account to spend or send to a friend.

[{"selector":"#anim-ea7866d6-fe44-4f10-9006-fe9e4b9a5816 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.25246699150385%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-1e927411-2c40-4d80-b741-060104b6fd71","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8049fc42-1599-47a9-bc72-ffe0daca12ec","keyframes":{"transform":["translate3d(0px, 221.74939%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash The current annual yield of 4.15% will shift over time as interest rates change.

[{"selector":"#anim-a0c959ea-b5b7-4847-8041-69d87b6b7c6a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c61a16bc-9b76-43ee-9695-f4b3c9f9b7f2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-272e31e3-0c75-41da-910e-0820552a7f95","keyframes":{"transform":["translate3d(0px, 185.40634%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash To sign up for the Savings account, users will need to provide their Social Security number and sign several agreements.

[{"selector":"#anim-54801549-9680-45eb-9f40-a194db57b621 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-70813389-4fbc-48a8-8ce3-31a26a965f73","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e79b759e-96e3-4d02-9067-b2ad0112c701","keyframes":{"transform":["translate3d(0px, 166.53746%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash Users can add money from a linked bank account to their Savings account or withdraw from their Savings account to their linked bank account or Daily Cash account.

[{"selector":"#anim-cd4ec45c-13aa-46ac-95b0-a7f4fa729c10 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-60cdad0d-1cdf-40b0-b174-a1008370fa98","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b386f078-5d26-4ef0-a122-d01c6ae3aa6c","keyframes":{"transform":["translate3d(0px, 176.09435%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image Source: Unsplash There's no limit on the number of transactions a user can make to take money out or put funds into the Savings account.