Apple and Goldman Sachs collaborate on new savings account with 4.15% annual percentage yield
Setup and managed directly from Apple Card in Wallet, the account will also offer users a high-yield annual percentage yield of 4.15%, which is more than 10-times the national average including no fees, minimum deposits and minimum balance requirements, Apple said.Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet, said "Savings helps our users get even more value out of their favorite Apple Card benefit.
Once a savings account is set up, all future daily cash earned by the user will be automatically deposited into the account. The daily cash destination can also be changed at any time, and there’s no limit on how much daily cash users can earn.
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