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frontpageSUCHaDEAL posted Apr 17, 2023 02:14 PM
frontpageSUCHaDEAL posted Apr 17, 2023 02:14 PM

Apple Card Savings Account:

(No Minimum Deposits)

4.15% Interest

Apple Store
527 Comments 328,312 Views
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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
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Top Comments

virals1012
411 Posts
3621 Reputation
Here are the links to get started opening this account:

https://learn.applecard.apple/benefits

https://wallet.apple.com/setup/feature/savings
CTownIntegra
16 Posts
80 Reputation
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.
qkumbr
3438 Posts
1659 Reputation
The account is backed by Goldman Sachs - a bank.

526 Comments

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Apr 18, 2023 02:57 AM
2,976 Posts
Joined Dec 2012
MMPGApr 18, 2023 02:57 AM
2,976 Posts
Quote from just10credible :
Any reason to believe this 4.15 rate won't continue to increase as the industry does? I currently have Ally for my HYSA but they're only at 3.75 now. But would hate to move the money to Apple then Ally goes to 4.25 or something.
My ally account saying 3.75%
Where did u see 4.25%?
1
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Apr 18, 2023 02:58 AM
23,411 Posts
Joined Jul 2006
SUCHaDEALApr 18, 2023 02:58 AM
Original Poster
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This user is an Expert in Home & Home Improvement
23,411 Posts
Quote from MMPG :
My ally account saying 3.75%
Where did u see 4.25%?
read what he wrote again, he didn't say Ally was at 4.25%
Apr 18, 2023 03:00 AM
240 Posts
Joined Jan 2015
just10credibleApr 18, 2023 03:00 AM
240 Posts
Quote from SUCHaDEAL :
read what he wrote again, he didn't say Ally was at 4.25%
Precisely this, thank you.
Apr 18, 2023 03:03 AM
451 Posts
Joined Dec 2018
CoolSofa553Apr 18, 2023 03:03 AM
451 Posts
So need to have a Apple card for opening the savings account?
1
Pro
Apr 18, 2023 03:03 AM
2,160 Posts
Joined Jun 2019
Fanime
Pro
Apr 18, 2023 03:03 AM
2,160 Posts
Quote from CoolSofa553 :
So need to have a Apple card for opening the savings account?
yes...
Apr 18, 2023 03:14 AM
6,361 Posts
Joined Nov 2012
R3DTR1XApr 18, 2023 03:14 AM
6,361 Posts
Apple Card is the most convenient card I've ever had. Having this savings option is just icing on the cake. I use Apple Pay whenever I can for 2-3% cash back, and when I can't.. I get out the titanium card, which has such a nice hefty feel to it. So much nicer than plastic cards
2
Apr 18, 2023 03:16 AM
243 Posts
Joined Mar 2021
SkillfulLinen237Apr 18, 2023 03:16 AM
243 Posts
Quote from ctz :
FYI below brokerages treat like cash, no mature date:
Fidelity is 4.48%
https://www.fidelity.com/mutual-f...unds-fcash

Vanguard is 4.77%
https://investor.vanguard.com/inv...ey-markets

Robinhood Gold is 4.4%
https://robinhood.com/us/en/suppo...rest-rate/
All links are dead

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Apr 18, 2023 03:24 AM
9 Posts
Joined Apr 2016
npd7Apr 18, 2023 03:24 AM
9 Posts
I have an Apple Card and and iPad, could I still set this up?
Apr 18, 2023 03:25 AM
1,665 Posts
Joined May 2010
ctzApr 18, 2023 03:25 AM
1,665 Posts
The cons of using wealthfront is:
1) their interest is only 4.3% (likely to get lower in the future), extra 0.5% (through refer) only last 3 months to at most 6 months.

2) nobody knows what happens when wealthfront itself goes out of business. all they claim is: we have $2M insurance, but that's for their partner banks. what if wealthfront goes bankruptcy?? you can't contact those partner banks by yourself to get the money, because you don't have a direct account with them. you will be stuck. again, no one has experienced this, so you may or may not get the money. so you'd hope wealthfront doesn't go out of business anytime soon.

If you have more than $250k, there are better investment options. maybe you can sleep better at night.

Quote from iceman3930 :
I'll be doing this since I have an Apple Card, I'll transfer my Daily Cash and maybe some of my extra savings.

But, I also recently signed up for a Wealthfront savings account with the bulk of my savings cash and am currently at 4.80% APY and very pleased with the account and abilities so far.
t APY!
1
Apr 18, 2023 03:25 AM
2,471 Posts
Joined Oct 2008
NoSleep007Apr 18, 2023 03:25 AM
2,471 Posts
I don't like rate chasing. I usually look at the history of a banks apy history to determine my next bank. Capital one original savings apy isn't that high, HSBC direct was the worse literally raised apy than when they had met there customer quota, they lowered there apy to close to 0. Closed my account with them.
Apr 18, 2023 03:27 AM
268 Posts
Joined Jul 2020
JasonG1116Apr 18, 2023 03:27 AM
268 Posts
So…this is a pretty good deal?
Pro
Apr 18, 2023 03:29 AM
1,086 Posts
Joined Jul 2018
Rocket_US
Pro
Apr 18, 2023 03:29 AM
1,086 Posts
Quote from ThriftyBook977 :
Rate is too low. 13 week T-Bill is 5.2% and no local tax.
I am also thinks same thing.. why people are going with these..
Apr 18, 2023 03:29 AM
2,471 Posts
Joined Oct 2008
NoSleep007Apr 18, 2023 03:29 AM
2,471 Posts
Quote from JasonG1116 :
So…this is a pretty good deal?
Yes I would say so.

Keep in mind there are others like Discover 3.75, Synchrony 4.15 apy, ally 3.75%.
Apr 18, 2023 03:34 AM
9 Posts
Joined Nov 2015
iceman3930Apr 18, 2023 03:34 AM
9 Posts
Quote from ctz :
The cons of using wealthfront is:
1) their interest is only 4.3% (likely to get lower in the future), extra 0.5% (through refer) only last 3 months to at most 6 months.

2) nobody knows what happens when wealthfront itself goes out of business. all they claim is: we have $2M insurance, but that's for their partner banks. what if wealthfront goes bankruptcy?? you can't contact those partner banks by yourself to get the money, because you don't have a direct account with them. you will be stuck. again, no one has experienced this, so you may or may not get the money. so you'd hope wealthfront doesn't go out of business anytime soon.

If you have more than $250k, there are better investment options. maybe you can sleep better at night.
Thanks for the insight. Good point about not being able to contact the partner banks. I think the bonus is max 12 months, not 6, but you still have to refer someone in order to get the bonus - 3 months of bonus per referral person.

I'm all-in on apple ecosystem, so it's possible that after my bonus rate expires, I'll just transfer that money to the Apple Card savings account.

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Apr 18, 2023 03:41 AM
1,665 Posts
Joined May 2010
ctzApr 18, 2023 03:41 AM
1,665 Posts
https://support.wealthfront.com/h...-programs-

"
Boost maximums: There's no limit to the number of referrals you can make, and the maximum total duration of APY increases you can earn across all promotions is 6 months.
"

You'd better hope Wealthfront doesn't go out of business in these 6 months.

Quote from iceman3930 :
Thanks for the insight. Good point about not being able to contact the partner banks. I think the bonus is max 12 months, not 6, but you still have to refer someone in order to get the bonus - 3 months of bonus per referral person.

I'm all-in on apple ecosystem, so it's possible that after my bonus rate expires, I'll just transfer that money to the Apple Card savings account.
1

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