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SUCHaDEAL 342K Views
Apr 17, 2023 2:14 PM

Apple Card Savings Account:

4.15% Interest

(No Minimum Deposits)at Apple Store
Get Deal at Apple Store
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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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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
3.8KComments
1.8KReputation
The account is backed by Goldman Sachs - a bank.
Go to Comment

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526 Comments

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Apr 18, 2023 8:40 AM
1K Comments
Joined Feb 2018
n00n3Apr 18, 2023 8:40 AM
1K Comments
Quote from qkumbr View quoted comment :
The account is backed by Goldman Sachs - a bank.
Goldman Sachs is also one of the banks that the US government has deemed "essential", meaning they will print as much money needed to keep it afloat if there's any trouble.
Apr 18, 2023 8:42 AM
2K Comments
Joined Oct 2004
PassionsApr 18, 2023 8:42 AM
2K Comments
Quote from publicpersona View quoted comment :
I did overstate the tax advantage, but VMFXX is about 38% U.S. government obligations, so there is substantial savings at the state level. I thought local would generally exempt U.S. govt obligations as well, but I am not familiar with any local tax situations.
VMFXX isn't FDIC insured. It is safer to go with VUSXX, which is essentially the same as FDIC insured. It's a lower rate, but gives peace of mind.
Apr 18, 2023 8:55 AM
2.2K Comments
Joined Dec 2017
GoodgodApr 18, 2023 8:55 AM
2.2K Comments
Quote from Timless View quoted comment :
Why?
.
I'm not the person you asked but for me it's the 2-3% cashback. I have other cards that are 3-5% in specific categories but for everyday tap to pay, Apple Card 2-3% is my most common
Apr 18, 2023 9:03 AM
359 Comments
Joined Jan 2012
kenju4uApr 18, 2023 9:03 AM
359 Comments
Good deal if you don't have anything right now but a hassle if you have this through other credit card and savings accounts
Apr 18, 2023 9:04 AM
2.2K Comments
Joined Dec 2017
GoodgodApr 18, 2023 9:04 AM
2.2K Comments
Quote from littleazn248 View quoted comment :
I already have an Apple Card, so why are they asking for my social again? Do they do a credit pull to open the savings account?
You enter your SSN and declare you're not subject to backup withholding
Apr 18, 2023 9:20 AM
28 Comments
Joined Sep 2020
SteadyTurtleApr 18, 2023 9:20 AM
28 Comments
I can't find it on my iPhone XS, what the heck? Anyone else?
Apr 18, 2023 9:52 AM
4 Comments
Joined Oct 2018
RestonApr 18, 2023 9:52 AM
4 Comments
Quote from SteadyTurtle View quoted comment :
I can't find it on my iPhone XS, what the heck? Anyone else?
Update software latest ios in settings

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Apr 18, 2023 9:53 AM
1.8K Comments
Joined Nov 2015
Te54321Apr 18, 2023 9:53 AM
1.8K Comments
Quote from SteadyTurtle View quoted comment :
I can't find it on my iPhone XS, what the heck? Anyone else?
Are you on iOS 16.4? It's required.
Apr 18, 2023 9:59 AM
34 Comments
Joined Mar 2023
CalmNarwhal7993Apr 18, 2023 9:59 AM
34 Comments
Before jumping on this, just do a quick research. Lots of banks are now offering 4%+ interest with no min deposit. Fidelity, Capital One, etc...
1
Apr 18, 2023 10:01 AM
2.2K Comments
Joined Feb 2008
shojusApr 18, 2023 10:01 AM
2.2K Comments
Quote from gorillatechman View quoted comment :
That is not accurate. You will get a hard pull if you accept the card.

When you apply for an Apple Card, if they accept you, they will make an offer, showing you what credit limit they will give you.

You can then either choose to accept or decline.

If you decline, then it'll only be a soft pull on your credit.
If you accept, you will get a hard pull, just like with any other card.
There's a caveat to this. If you do the pre-qualification and are approved, you then lock your credit reports before you accept the offer and voila, no hard pull. This is a known workaround that has been widely discussed that does actually work.
Apr 18, 2023 10:04 AM
2.2K Comments
Joined Feb 2008
shojusApr 18, 2023 10:04 AM
2.2K Comments
CFG Bank for the win! They are currently the highest rate available without jumping through many hoops. Currently 5.02% APY with $1k min to keep account from charging a fee. They have a long history of staying in the top 5 highest rates.
Apr 18, 2023 10:09 AM
47 Comments
Joined Dec 2007
tkerugbyApr 18, 2023 10:09 AM
47 Comments
Just recently opened an account with SoFi after being with a regional bank for years. I've been amazed
with the convenience of having most of my finances in one place (banking, brokerage, credit card). They're expected to bump up their savings rate from 4% to keep pace with the Fed. It's great to see companies like Apple also start to offer savings account features. This seems to validate what other Neobanks are attempting to do. That said, Apple falls way short of what SoFi has packaged up and I will remain there until there is something better.
Apr 18, 2023 10:11 AM
150 Comments
Joined Apr 2014
MidTNDudeApr 18, 2023 10:11 AM
150 Comments
Quote from L3ATHAFAC3 View quoted comment :
Anyone know of a deal for new Apple Card opening?
Best I've seen is refer and referral gets $75 in cash after first purchase.
Apr 18, 2023 10:20 AM
16 Comments
Joined Nov 2018
LordSaboteaurApr 18, 2023 10:20 AM
16 Comments
FYI It says it's 4.07%. APY on savings and 4.15% on Daily Cash.
2

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Apr 18, 2023 10:25 AM
15 Comments
Joined Jun 2012
RTLyonsApr 18, 2023 10:25 AM
15 Comments
I was declined for the Apple Card and not sure why. My credit is excellent, 825+, 6 figure income, very low debt, around 1% credit utilization, so I have no idea why I was declined .
1

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