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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
Get Deal at Apple Store

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 19, 2023 8:21 PM
1.9K Comments
Joined Jun 2014
gorillatechmanApr 19, 2023 8:21 PM
1.9K Comments
Quote from damko View quoted comment :
Yes and you can read it too here: https://www.goldmansachs.com/term...eement.pdf [goldmansachs.com]

You can't withdraw any money because it takes days to process your transfers( your $$ transfer is still processing)… this is a standard practice.
Yes, it's standard.

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.​
Apr 19, 2023 8:23 PM
1.9K Comments
Joined Jun 2014
gorillatechmanApr 19, 2023 8:23 PM
1.9K Comments
Quote from pink_niru View quoted comment :
I understand and agree with that.. but at the same time to earn interest I am sure investment amount will be high. No one deposit and search for deal to invest total $1000 investment to earn $5 a year
I agree, that it would be a waste of time for somebody to investigate various deals if all they have to park is $1,000
Apr 19, 2023 8:39 PM
6.3K Comments
Joined Mar 2008
dcliveApr 19, 2023 8:39 PM
6.3K Comments
Quote from frozty89 View quoted comment :
Us treasuries are paying 5% just open a Treasury direct account.

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.
Apr 19, 2023 9:37 PM
296 Comments
Joined Sep 2012
BobbyBrown32Apr 19, 2023 9:37 PM
296 Comments
Can you add a spouse to the saving account?
Apr 19, 2023 10:52 PM
2K Comments
Joined Oct 2004
PassionsApr 19, 2023 10:52 PM
2K Comments
Quote from frankyzee View quoted comment :
~5%+ right now on 26 week treasuries!
About as risk free as you can get =)
You can't touch your money for 26 weeks though?
If you cash out early, do you get hit with a penalty?
Apr 20, 2023 12:08 AM
176 Comments
Joined Jul 2011
Destiny79Apr 20, 2023 12:08 AM
176 Comments
nvm, found it
Last edited by Destiny79 April 19, 2023 at 05:56 PM.
Apr 20, 2023 1:35 AM
9 Comments
Joined Oct 2014
FarrApr 20, 2023 1:35 AM
9 Comments
Quote from iamshipon1988 View quoted comment :
I still can't sign up. Have been trying since seeing the original post. I'm in nyc.
Update the phone

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Apr 20, 2023 1:40 AM
1K Comments
Joined Jan 2012

This comment has been rated as unhelpful by Slickdeals users.

Apr 20, 2023 2:36 AM
6.7K Comments
Joined Jun 2009
ToadKillaApr 20, 2023 2:36 AM
6.7K Comments
Quote from frankyzee View quoted comment :
~5%+ right now on 26 week treasuriesbout as risk free as you can get =)
cusip?
Apr 20, 2023 3:08 AM
79 Comments
Joined Jul 2019
quickshiftApr 20, 2023 3:08 AM
79 Comments
Chasing after interest rates with these high yield accounts is pointless unless you're moving a lot money. If you have $10k and go from 3.75% to 4.15%, it'll take you an entire year to gain roughly $40. Leave your money parked where it's convenient. If growth is what you're after, you shouldn't be chasing deposit rates.
3
Apr 20, 2023 3:27 AM
179 Comments
Joined Jan 2018
victornewyorkApr 20, 2023 3:27 AM
179 Comments
Quote from snedman View quoted comment :
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.
what you propose ? what is the best choose ? Synchrony Bank ? CFG Bank? Hyperion Bank 5.50 % !
Apr 20, 2023 3:42 AM
46 Comments
Joined Nov 2006
RROMANApr 20, 2023 3:42 AM
46 Comments
Anyone know where to add a beneficiary to the apple savings?
Apr 20, 2023 8:20 AM
169 Comments
Joined Apr 2016
meedeexApr 20, 2023 8:20 AM
169 Comments
To open an Apple Card, there's hard pull, right?
Apr 20, 2023 12:51 PM
19 Comments
Joined Jul 2017
bengee559Apr 20, 2023 12:51 PM
19 Comments
Quote from meedeex View quoted comment :
To open an Apple Card, there's hard pull, right?
Soft pull to check what you'd qualify for, Hard pull once you accept offer.
1

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Apr 20, 2023 3:47 PM
745 Comments
Joined Oct 2017
PutinApr 20, 2023 3:47 PM
745 Comments
Quote from gorillatechman View quoted comment :
When the FED begins to turn around, and they begin decreasing rates, then all banks will follow and yes, this rate will begin to decrease along with all of the other banks.
AFAIK rates are still going up. The same scenario was well played by eTrade earlier this year, so I am positive GS will do just that.

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