"Apple Card introduces high-yield savings account with 4.15% interest rate"

1 min read
Source: TechCrunch
"Apple Card introduces high-yield savings account with 4.15% interest rate"
Photo: TechCrunch
TL;DR Summary

Apple Card customers in the US can now open a savings account with an annual percentage yield (APY) of 4.15%, managed by Goldman Sachs and covered by the Federal Deposit Insurance Corporation. The savings account has been created specifically for Apple Card customers and allows them to deposit their daily rewards into their savings accounts. There are no fees associated with the savings account, but there is a maximum balance limit of $250,000.

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