Apple Card Daily Cash may soon grow in new high-yield savings accounts from Goldman Sachs

Advertisement

Apple announced a new Apple Card savings account in October that allows users to save their everyday money and grow their rewards in a high-yield savings account from Goldman Sachs. This week, Goldman Sachs updated its Apple Card customer agreement to reflect the credit card’s upcoming Daily Cash savings account feature.

Apple Card users can grow their Daily Cash while saving for the future by automatically depositing their Daily Cash into a new Goldman Sachs high-yield savings account.
Apple Card users can grow their Daily Cash while saving for the future by automatically depositing their Daily Cash into a new Goldman Sachs high-yield savings account.

When it finally launches, Apple Card users will be able to open the new high-yield savings account and have their daily money deposited into it automatically — with no fees, no minimum deposits, and no minimum balance requirements. Soon users will be able to spend, send and save Daily Cash directly from Wallet.

Joe Rossignol for MacRumors:

“To enable new ways to use Daily Cash, such as the upcoming savings account feature, we are updating the Daily Cash Program section of your Apple Card customer agreement,” reads an email sent to Apple Card members this week.

The Savings account was mentioned in the release notes for the iOS 16.1 Release Candidate, but ultimately didn’t launch with that update. The savings account isn’t in any iOS 16.2 beta, so it’s unclear when it will become available, but Goldman Sachs is apparently continuing to lay the groundwork for the feature’s launch.

Take MacDailyNews: This new high yield savings account will be an excellent and logical addition to the features and benefits of Apple Card!

TGIF! Cherished Interns, Please TTK™, Immediately! Cheers, everyone! 🍻🍻🍻

Please help support MacDailyNews. Click or tap here to support us independent technical blog. Thank you!

Shop the Apple Store at Amazon.

Source link

Leave a Comment