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
Top Comments
https://learn.applecard
https://wallet.apple.co
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526 Comments
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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.
But for the low information (or caring) Apple user or those who finally realize that the sub 1% or less interest that their vacation money was earning, it seems simple to get them to move their money. A LOT of people don't usually have enough money to care how much interest they're earning on their cash and there is a LOT of money in the big mega banks paying nothing for interest. The big banks (ex. Chase, BOA, etc.) won't care - this will be a rounding error in the loss of deposits for them. This may put a little hurt though on the regional banks deposits.
For those, like you and I, who realize we can make more in interest at 10+ other different FDIC insured institutions with a little research, this is not a deal for us. In addition, there are still too many little unknown details with this Apple account that need to be addressed. Even DOC is still vetting this out.
This may eventually be a boon for those of use who do watch & chase interest rates. If Apple makes enough of a splash with these rates, it may drive other banks/fintech's to raise rates past 5, or even 6%, by summer time. (hoping this is the case)
It's also not worth the hard pull - especially for those who watch/track their 5/24 credit report inquiries, chasing valuable Chase Credit Card bonus signups.
This thread will get as many downvotes as your post - but your post was valid.
"Those who know, know!"
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I am not an accountant, so check with a qualified personal.
In your case, you should do some research/watching and put your money to work to make the most for you. Research Doctor of Credit --> https://www.doctorofcre
Bottom line, research and you may find something that will fit your situation and provide you more money. Otherwise, this offer seems simple enough for those who don't want to do the research and just want to earn more than the less than 1% in interest that they're earning at other institutions. (I'm looking at you big banks paying nothing - BOA, Chase, etc...)
In your case, you should do some research/watching and put your money to work to make the most for you. Research Doctor of Credit --> https://www.doctorofcre
Bottom line, research and you may find something that will fit your situation and provide you more money. Otherwise, this offer seems simple enough for those who don't want to do the research and just want to earn more than the less than 1% in interest that they're earning at other institutions. (I'm looking at you big banks paying nothing - BOA, Chase, etc...)
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