Apple Card holders can now choose to increase their Daily Cash rewards by opening a Goldman Sachs savings account. In addition, it offers a high-yield APY of 4.15 percent, which is more than ten times the national average.
Users may quickly set up and manage their Savings account directly from Apple Card in Wallet. In addition, it does not need any fees, minimum deposits, or balance requirements.
According to Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet, “Savings enables our users to get even more value of their favorite Apple Card benefit – Daily Cash. However, it gives them an easy option to save money every day.”
About the High-Yield Savings Account
Savings into Apple Card in Wallet allows users to spend and send. In addition, they can save Daily Cash directly and conveniently from one location. “Our goal is to design solutions that assist consumers lead healthier financial lives.”
Once the user creates a saving account, every future Daily Dollar that the user earns will automatically go into the account. There is no cap on how much money Daily Cash users can make.
In addition, users can change the Daily Cash destination at any time. Users can add more money to their savings using a linked bank account. Additionally, they can save from their Apple Cash balance. As a result, this will increase their savings even further.
What user can do with the new card?
Customers may quickly track their account balance. In addition, they can check interest accrued over time. By accessing an easy-to-use Savings dashboard in Wallet, which is available to them.
Users can withdraw money at any time from a linked bank account. In addition, they can withdraw from an Apple Cash card, with no fees, using the Savings dashboard.
With no fees, Daily Cash on every purchase, and tools that encourage users to pay less Apple Card interest. In addition, the new Goldman Sachs Savings account expands upon the advantages for financial well-being that Apple Card already provides.
All of this is done while maintaining the privacy and security users have come to expect from Apple.
