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
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Top Comments
https://learn.applecard
https://wallet.apple.co
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FYI. You can't spend money or make purchases in Savings directly through your Apple Card or Apple Pay. If you want to access your funds, you can transfer money from Savings to Apple Cash or to a linked external bank account.
Apple will be squeezing max out of GS !!
1-3% cash back, no international fees and conversion instantly pops up when I pay
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.
Anyone also see what I see or can help? Thanks.
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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.
https://www.reddit.com/r/wealthfr...are_
I will be moving all my spare cash into this account
This is a game
Changer by Apple.
I know there are other accounts that offer a bit higher rate but those interface are a joke
Account
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