Apple has announced a new way for Card users to increase their daily cash rewards using a savings account from Goldman Sachs
According to the company, the accounts will offer 4.15% APY with no fees, minimum deposits or minimum balance requirements.
Starting today, Apple Card users can choose to increase their daily cash rewards with a savings account from Goldman Sachs. We are excited to launch this new offering as we help consumers live healthier financial lives.https://t.co/CvE60QA7Uh
— Goldman Sachs (@GoldmanSachs) April 17, 2023
“Our mission is to create tools that help users live healthier financial lives,” Jennifer Bailey, vice president of Apple Pay and Apple Wallet, said in a statement.
Apple Card users can set up an account directly from the Wallet app and will be able to build their savings account using Daily Cash, the rewards users earn when making purchases using Apple Card. Newly earned Daily Cash will automatically be credited to the account, unless the user changes the destination for their Daily Cash, the company said. Users will be able to transfer funds to their linked bank account.
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