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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You can't withdraw any money because it takes days to process your transfers( your $$ transfer is still processing)… this is a standard practice.
AVAILABILITY OF ACH TRANSFERS Funds received by ACH Transfer initiated through Apple Wallet from a linked external account will generally be available 5 Business Days after you initiate the ACH Transfer, but may be available earlier.
How? What management is required to administer it after moving it?
I'm sure I can google the results; the basic fact of the matter is anyone with an iPhone can do this in about 5 minutes and they can look at their money daily with the iPhone's built-in apps. It's trivial.
There's value in that. Sure, if you're moving $240,000 into an account, that extra 75% matters a lot. If you "only" have $10k and you want easy access, and are already in Apple's ecosystem, perhaps it's not as important.
About as risk free as you can get =)
If you cash out early, do you get hit with a penalty?
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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.
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