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frontpageSUCHaDEAL posted Apr 17, 2023 2:14 PM

Apple Card Savings Account:

4.15% Interest

(No Minimum Deposits)at Apple Store
525 Comments
341K Views
Get Deal at Apple Store
Deal Details
Apple is offering an Apple Card Savings Account with 4.15% Interest.

Thanks to Community Member SUCHaDEAL for finding this deal.
  • High-yield APY of 4.15%
  • No Fees
  • No Minimum Deposits
  • No Minimum Balance Requirements
  • No Foreign Transaction Fees
What you need to open and maintain an account:
  • Be an owner or co-owner of an active Apple Card account and add Apple Card to your iPhone.
  • Be at least 18 years or older.
  • Have a social security number or individual taxpayer identification number.
  • Be a U.S. resident with a valid, physical U.S. address.
  • Set up two-factor authentication for your Apple ID and update to the latest version of iOS.
How to set up Savings:
  • On your iPhone, open the Wallet app and tap Apple Card.
  • Tap the More button, then tap Daily Cash.
  • Tap Set Up next to Savings, then follow the onscreen instructions.
  • Additional Setup Information

Editor's Notes

Written by SlickDealio
  • About the deal:

Original Post

Written by SUCHaDEAL
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Apple is offering an Apple Card Savings Account with 4.15% Interest.

Thanks to Community Member SUCHaDEAL for finding this deal.
  • High-yield APY of 4.15%
  • No Fees
  • No Minimum Deposits
  • No Minimum Balance Requirements
  • No Foreign Transaction Fees
What you need to open and maintain an account:
  • Be an owner or co-owner of an active Apple Card account and add Apple Card to your iPhone.
  • Be at least 18 years or older.
  • Have a social security number or individual taxpayer identification number.
  • Be a U.S. resident with a valid, physical U.S. address.
  • Set up two-factor authentication for your Apple ID and update to the latest version of iOS.
How to set up Savings:
  • On your iPhone, open the Wallet app and tap Apple Card.
  • Tap the More button, then tap Daily Cash.
  • Tap Set Up next to Savings, then follow the onscreen instructions.
  • Additional Setup Information

Editor's Notes

Written by SlickDealio
  • About the deal:

Original Post

Written by SUCHaDEAL

Community Voting

Deal Score
+348
Good Deal
Get Deal at Apple Store

Top Comments

virals1012
411Comments
3.6KReputation
Here are the links to get started opening this account:

https://learn.applecard.apple/benefits

https://wallet.apple.com/setup/feature/savings
Go to Comment
CTownIntegra
16Comments
80Reputation
Sign ups are live. In the wallet app, select your Apple Card, go to the top right menu and hit Apple Cash, and change redemption to savings. Enter your social and you're done.
Go to Comment
qkumbr
3.7KComments
1.7KReputation
The account is backed by Goldman Sachs - a bank.
Go to Comment

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526 Comments

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Apr 17, 2023 7:41 PM
2.9K Comments
Joined Nov 2010
wolve3Apr 17, 2023 7:41 PM
2.9K Comments
Quote from BurtHandsome :
Can you transfer money from Apple Cash to Apple Savings? Or do I have to go Apple Cash -> my bank -> Apple Savings?
Apple's website says you can transfer straight from Apple Cash into Savings.
Apr 17, 2023 7:43 PM
19.1K Comments
Joined Feb 2010
BinarApr 17, 2023 7:43 PM
19.1K Comments
Quote from wolve3 :
But how else are you going to pay for the Apple VR / AR headset when it comes out?

On a seriously note, I'm tempted to apply for Apple Card and get a savings account since most CDs don't have as good interest.
the question is , is the savings rate locked in or Apple would change it to 1% after they meet their numbers?
1
Apr 17, 2023 7:47 PM
1.9K Comments
Joined Jun 2014
gorillatechmanApr 17, 2023 7:47 PM
1.9K Comments
Quote from SUCHaDEAL :
That was during the banking crisis, last I checked that CD is down to about 4.35 or 4.25 now on ALLY. For that small of a difference, not sure I'd mess with a CD, even a no penalty, as I don't believe you can withdraw just a portion of it, all or nothing. Unlike having competing MM rates that are liquid, you can move funds around as you wish and still have the account open/viable to move funds into at such time their rates are better than Bank B.
I agree that I wouldn't bother to mess with it, if the difference is that small these days.

You're also correct that you can not withdraw just a portion of a CD. You would have to close the entire CD. I opened up multiple CDs, which was one way to protect myself, in case I needed to withdraw unexpectedly. I can just close one of them, while leaving the others open.

I also agree with your last option. I just have multiple accounts in various banks and they're all linked, so it's easy to just move money from A to B whenever needed, if the rates at bank B are much better than A for example. And vice versa of course.
Apr 17, 2023 7:47 PM
4.4K Comments
Joined Aug 2011
fritzoApr 17, 2023 7:47 PM
4.4K Comments
Quote from doboy007 :
Too bad the card is not too useful.
The card is actually really convienient if you're invested in the Apple ecosystem. The accounting of the card is built into the OS, so paying for things and keeping track of expenses is very convenient.

I'm more of a Google Pay guy, but I have an iPad and an Apple card. I love the notifications of upcoming charges for subscriptions, the ability to set up payments in Settings, and 3% on all Apple purchases, 2% on Apple pay, and 1% on anything else.
1
Apr 17, 2023 7:47 PM
1.9K Comments
Joined Jun 2014
gorillatechmanApr 17, 2023 7:47 PM
1.9K Comments
Quote from johnrambo :
is there a max balance that can receive the 4% rate?
250 k
1
Apr 17, 2023 7:48 PM
9.5K Comments
Joined Dec 2013
doboy007Apr 17, 2023 7:48 PM
9.5K Comments
Quote from fritzo :
The card is actually really convienient if you're invested in the Apple ecosystem. The accounting of the card is built into the OS, so paying for things and keeping track of expenses is very convenient.

I'm more of a Google Pay guy, but I have an iPad and an Apple card. I love the notifications of upcoming charges for subscriptions, the ability to set up payments in Settings, and 3% on all Apple purchases, 2% on Apple pay, and 1% on anything else.
I meant in terms of benefits since buying Apple products directly from Apple doesn't get you much discount Wink
2
Apr 17, 2023 7:48 PM
2.4K Comments
Joined Jul 2006
johndoe35Apr 17, 2023 7:48 PM
2.4K Comments
Apple is 10x more powerful than WeChat (TenCent).

Apple is the United States of America.
5

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Apr 17, 2023 7:49 PM
55 Comments
Joined Aug 2013
qAnon20201231Apr 17, 2023 7:49 PM
55 Comments

Our community has rated this post as helpful. If you agree, why not thank qAnon20201231

IMHO, anyone that currently has the Apple Card should open up the Apple Savings. Here's why:

2% earned from Apple Card (via ApplePay) deposits into Apple Cash that earns no interest

With Apple Savings Account , the Apple Card 2% cash back gets deposited straight into Apple Savings earning 4.15% interest today as opposed to 0% in Apple Cash.
1
Original Poster
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Apr 17, 2023 7:51 PM
31.5K Comments
Joined Jul 2006
SUCHaDEALApr 17, 2023 7:51 PM
Original Poster
Pro
Expert
This user is an Expert in Home & Home Improvement
31.5K Comments
Quote from gorillatechman :
I agree that I wouldn't bother to mess with it, if the difference is that small these days.

You're also correct that you can not withdraw just a portion of a CD. You would have to close the entire CD. I opened up multiple CDs, which was one way to protect myself, in case I needed to withdraw unexpectedly. I can just close one of them, while leaving the others open.

I also agree with your last option. I just have multiple accounts in various banks and they're all linked, so it's easy to just move money from A to B whenever needed, if the rates at bank B are much better than A for example. And vice versa of course.

yes, opening multiple CD's is a good idea for 'rainy day' early redemption on a no-penalty.
1
Apr 17, 2023 7:53 PM
11 Comments
Joined Oct 2013
amitjyotindraApr 17, 2023 7:53 PM
11 Comments
3 month T-bills yield 5.01%
1
Apr 17, 2023 7:54 PM
3.1K Comments
Joined May 2018
TimlessApr 17, 2023 7:54 PM
3.1K Comments
Quote from fritzo :
The card is actually really convienient if you're invested in the Apple ecosystem. The accounting of the card is built into the OS, so paying for things and keeping track of expenses is very convenient.

I'm more of a Google Pay guy, but I have an iPad and an Apple card. I love the notifications of upcoming charges for subscriptions, the ability to set up payments in Settings, and 3% on all Apple purchases, 2% on Apple pay, and 1% on anything else.
the 3, 2, 1 cashback seems really poor.
2
Apr 17, 2023 7:55 PM
4.7K Comments
Joined Sep 2009
metaldoodApr 17, 2023 7:55 PM
4.7K Comments
So savings account is tied with an OS? If we don't upgrade iOS then we can't access the account? Lol
2
Apr 17, 2023 7:57 PM
255 Comments
Joined Jun 2008
occasional7Apr 17, 2023 7:57 PM
255 Comments
Quote from fritzo :
The card is actually really convienient if you're invested in the Apple ecosystem. The accounting of the card is built into the OS, so paying for things and keeping track of expenses is very convenient.

I'm more of a Google Pay guy, but I have an iPad and an Apple card. I love th the notifications of upcoming charges for subscriptions, the ability to set up payments in Settings, and 3% on all Apple purchases, 2% on Apple pay, and 1% on anything else.
To add, my use case is their "Virtual Card Number" that i find valuable for all ONLINE payment transactions to websites that aren't top tier legit.
Apr 17, 2023 7:58 PM
203 Comments
Joined Dec 2011
readynApr 17, 2023 7:58 PM
203 Comments
Quote from amitjyotindra :
3 month T-bills yield 5.01%
How to get them.
1

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Apr 17, 2023 7:58 PM
1.7K Comments
Joined Sep 2018
gathermewoolApr 17, 2023 7:58 PM
1.7K Comments
From start to finish cost me three whole minutes. I already had a card in wallet and bank account (USAA).

Note: I had an error the first time I tried. It went through the second time but went back to the cash screen. The third time it worked fine.
1

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