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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
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526 Comments

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Apr 18, 2023 12:20 PM
565 Comments
Joined Mar 2006
snedmanApr 18, 2023 12:20 PM
565 Comments
Quote from madrascaldavid View quoted comment :
UFB Direct offers 5.02% interest on their savings account, and they seem to increase it every couple/few months to keep up with current rates.
UFB Direct is owned by Axos Financial. They have been under investigation for shady practices since 2014.
An internal employee accused the CEO of funneling money to his personal account.
The whistle blower was subsequently fired by Axos. He filed a wrongful termination lawsuit, and won that case in 2022 for $1.5 million.

"The jury found that Erhart "reasonably believed" the bank's conduct included: high deposit risk concentration; giving a misleading response to a subpoena from the Securities and Exchange Commission; failing to disclose subpoenas to the Office of the Comptroller of the Currency, the bank's regulator, in response to its request; and providing risky loans to criminals or politically exposed people, those who, because of their public positions or relationships, "may present a risk higher than other customers by having access to funds that may be the proceeds of corruption or other illicit activity," according to bank regulators."

Where there is smoke, there is usually fire. Stay away from UFB.
Last edited by snedman April 18, 2023 at 05:33 AM.
Apr 18, 2023 12:20 PM
199 Comments
Joined Nov 2020
scottydlApr 18, 2023 12:20 PM
199 Comments
Quote from slickdude99 View quoted comment :
Already have an Apple Card. Should I move $100k savings from Marcus to this? It kinda scares to to have that much money accessible to my Apple Wallet
What is the purpose of the 100k? Unless you're going to be spending it in the next 6-12 months or so, I'd be investing it in something with a higher yield than a savings account.

To your other concern, I wouldn't worry about the access. The money is insured up to 250k by Goldman Sachs, and Apple Pay / Wallet is among the top for security.
Apr 18, 2023 12:31 PM
349 Comments
Joined Jul 2013
EHokieApr 18, 2023 12:31 PM
349 Comments
Quote from doboy007 View quoted comment :
And there are cards with better benefits and it's often much cheaper to buy Apple devices from places like Amazon, Best Buy, and Costco.
EVERYONE KNOWS! Jesus, the anti-Apple Card crowd is very motivated to tell everyone how other cards offer more cash, higher equivalent points, or purchase protections. Everyone knows. It's about the interface, the widget, cash back deposited daily, no FTF, and more. These things add value, for many people, far exceeding another .5% cash back.
Apr 18, 2023 12:31 PM
199 Comments
Joined Nov 2020
scottydlApr 18, 2023 12:31 PM
199 Comments
Quote from willnpc View quoted comment :
I was gifted 100K and been looking for places I can put most of it, would this be a good place or would somewhere else be better? Currently it's sitting at my credit union earning hardly anything….thanks
With that amount of money I'd be pulling a qualified financial advisor into the mix. The U.S. market performance over the last 80 years has averaged 11-12% even with these occasional downturns.

So with 100k invested you could be earning $11-12k on it per year (more in future years due to compounding interest) compared to a few hundred in your local bank. BUT that depends on the purposes for the money. If you need it soon for a house, college, or other large expense, then a HY savings account can be a wise & safe place to park it without being opened up to short-term market loss.

Again, highly recommended you pull in a financial pro to be on your own personal "board of directors" for this. They can also advise on potential gift tax you could owe and other considerations you might not think of. I like the endorsed local advisors through Dave Ramsey's website, but there are other ways to find good people.
Apr 18, 2023 12:34 PM
2.1K Comments
Joined Jan 2008
annoyedjohnApr 18, 2023 12:34 PM
2.1K Comments
never mind
Last edited by annoyedjohn April 18, 2023 at 02:39 PM.
Apr 18, 2023 12:34 PM
435 Comments
Joined Aug 2014
dedezuApr 18, 2023 12:34 PM
435 Comments
For people who don't have Apple Card at first , is there any sign up bonus?
Apr 18, 2023 12:34 PM
349 Comments
Joined Jul 2013
EHokieApr 18, 2023 12:34 PM
349 Comments
Quote from Jamesj562 View quoted comment :
For someone mathematically challenged. If I deposit 5k into this how much money will I have in a month, then at 3 months, etc?
There are calculators all over the internet for this.

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Apr 18, 2023 12:42 PM
703 Comments
Joined Nov 2012
mrintroApr 18, 2023 12:42 PM
703 Comments
Not seeing the option in my app. I guess they don't want me Frown
1
Apr 18, 2023 12:49 PM
29 Comments
Joined Dec 2012
jngoebelApr 18, 2023 12:49 PM
29 Comments
How do I get a $75 welcome bonus on my Apple Card?
Apple is offering $75 in Daily Cash to customers who open a new Apple Card through February, but they must open the account through a referral page at apple.co/referdailycash and make their first purchase within 30 days in order to qualify.
Apr 18, 2023 12:55 PM
2.4K Comments
Joined Oct 2005
hypohApr 18, 2023 12:55 PM
2.4K Comments
Quote from jngoebel View quoted comment :
How do I get a $75 welcome bonus on my Apple Card?
Apple is offering $75 in Daily Cash to customers who open a new Apple Card through February, but they must open the account through a referral page at apple.co/referdailycash and make their first purchase within 30 days in order to qualify.
You need an existing cardholder to invite you.
Apr 18, 2023 12:58 PM
68 Comments
Joined Apr 2019
SaoshinApr 18, 2023 12:58 PM
68 Comments
Taking advantage of this 👌🏻
Apr 18, 2023 1:00 PM
2.9K Comments
Joined Mar 2006
tonesterApr 18, 2023 1:00 PM
2.9K Comments
Quote from chukiechz View quoted comment :
Mine shows:
Lifetime received
Daily Cash Election
Get more from Apple Card (refer friends)
Bonus Daily Cash Merchants
Ok you're in the right area--what do you see listed within the "Daily Cash Election" section?
Apr 18, 2023 1:32 PM
121 Comments
Joined Apr 2013
chosendragonApr 18, 2023 1:32 PM
121 Comments
i have an iphone. just no apple card, my credit got better now so i might apply again. but better savings rates can be found with CIT bank and Bask Bank. you can also compare rates on bankrate.com
2
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This user is an Expert in Computers
Apr 18, 2023 1:44 PM
12.3K Comments
Joined Oct 2009
TekkenLord
Expert
This user is an Expert in Computers
Apr 18, 2023 1:44 PM
12.3K Comments
PayPal matches this rate as well.
2

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Apr 18, 2023 2:01 PM
95 Comments
Joined Mar 2014
vr1Apr 18, 2023 2:01 PM
95 Comments
Is it true the withdrawal limit is 10k per day and 20k per week?

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