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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
341K 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
Good Deal
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526 Comments

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Apr 18, 2023 2:57 AM
3K Comments
Joined Dec 2012
MMPGApr 18, 2023 2:57 AM
3K Comments
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
Original Poster
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This user is an Expert in Home & Home Improvement
Apr 18, 2023 2:58 AM
31.5K Comments
Joined Jul 2006
SUCHaDEALApr 18, 2023 2:58 AM
Original Poster
Pro
Expert
This user is an Expert in Home & Home Improvement
31.5K Comments
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 3:00 AM
240 Comments
Joined Jan 2015
just10credibleApr 18, 2023 3:00 AM
240 Comments
Quote from SUCHaDEAL :
read what he wrote again, he didn't say Ally was at 4.25%
Precisely this, thank you.
Pro
Apr 18, 2023 3:03 AM
456 Comments
Joined Dec 2018
CoolSofa553
Pro
Apr 18, 2023 3:03 AM
456 Comments
So need to have a Apple card for opening the savings account?
1
Pro
Apr 18, 2023 3:03 AM
2.2K Comments
Joined Jun 2019
Fanime
Pro
Apr 18, 2023 3:03 AM
2.2K Comments
Quote from CoolSofa553 :
So need to have a Apple card for opening the savings account?
yes...
Apr 18, 2023 3:14 AM
6.4K Comments
Joined Nov 2012
R3DTR1XApr 18, 2023 3:14 AM
6.4K Comments
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 3:16 AM
248 Comments
Joined Mar 2021
SkillfulLinen237Apr 18, 2023 3:16 AM
248 Comments
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 3:24 AM
10 Comments
Joined Apr 2016
npd7Apr 18, 2023 3:24 AM
10 Comments
I have an Apple Card and and iPad, could I still set this up?
Apr 18, 2023 3:25 AM
1.7K Comments
Joined May 2010
ctzApr 18, 2023 3:25 AM
1.7K Comments
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 3:25 AM
2.5K Comments
Joined Oct 2008
NoSleep007Apr 18, 2023 3:25 AM
2.5K Comments
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 3:27 AM
278 Comments
Joined Jul 2020
JasonG1116Apr 18, 2023 3:27 AM
278 Comments
So…this is a pretty good deal?
Apr 18, 2023 3:29 AM
1.1K Comments
Joined Jul 2018
Rocket_USApr 18, 2023 3:29 AM
1.1K Comments
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 3:29 AM
2.5K Comments
Joined Oct 2008
NoSleep007Apr 18, 2023 3:29 AM
2.5K Comments
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 3:34 AM
9 Comments
Joined Nov 2015
iceman3930Apr 18, 2023 3:34 AM
9 Comments
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 3:41 AM
1.7K Comments
Joined May 2010
ctzApr 18, 2023 3:41 AM
1.7K Comments
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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