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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
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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 22, 2023 2:41 AM
2.9K Comments
Joined Apr 2006
aqanApr 22, 2023 2:41 AM
2.9K Comments
Does it have a bill pay feature? Would be nice if you could pay bills etc from this account
Apr 22, 2023 3:41 AM
124 Comments
Joined May 2016
meiguo_lncApr 22, 2023 3:41 AM
124 Comments
How does this work ? I clicked on get started but always only brought to the Apple Card (credit card) view
Apr 22, 2023 4:25 AM
19 Comments
Joined Aug 2015
MaQ3734Apr 22, 2023 4:25 AM
19 Comments
Quote from meiguo_lnc View quoted comment :
How does this work ? I clicked on get started but always only brought to the Apple Card (credit card) view
Upgrade to iOS 16.4.1 at least
Apr 22, 2023 2:36 PM
326 Comments
Joined May 2015
ApplecorebaltimoreApr 22, 2023 2:36 PM
326 Comments
Quote from FantasticHamster194 View quoted comment :
ymmv i guess, I just opened this while having a Marcus account.
Phone rep stated that I needed to use a different email to apply. It worked.
Apr 22, 2023 4:40 PM
582 Comments
Joined Sep 2012
dreezyApr 22, 2023 4:40 PM
582 Comments
Quote from fx1 View quoted comment :
Signed up and deposited a large sum to my account on Tuesday. Testing to see when I can withdraw, still frozen. I'm assuming it's at least five business days. I'll give it a try on Monday.
Mine said $0 available balance until today. It finally showed up in my withdrawal options after 5 days.
Apr 22, 2023 6:54 PM
479 Comments
Joined Jun 2009
ttllkkApr 22, 2023 6:54 PM
479 Comments
Applied for apple card, it is still under review. How long does it take usually?
Apr 23, 2023 2:51 AM
562 Comments
Joined Apr 2018
slickCL11Apr 23, 2023 2:51 AM
562 Comments
Moved all my money sitting on checking account to Apple savings. Left only enough to pay bills and CC.

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Apr 23, 2023 4:30 AM
4.2K Comments
Joined Nov 2017
Dealhunter30Apr 23, 2023 4:30 AM
4.2K Comments
Sorry if I missed anything. Is there any lock in period?
Apr 23, 2023 12:14 PM
256 Comments
Joined Jun 2008
occasional7Apr 23, 2023 12:14 PM
256 Comments
Quote from dreezy View quoted comment :
Mine said $0 available balance until today. It finally showed up in my withdrawal options after 5 days.
Deposited on Tuesday, the amount deposited was available for withdrawal on friday..
Apr 23, 2023 11:00 PM
1.4K Comments
Joined Nov 2005
cazic99Apr 23, 2023 11:00 PM
1.4K Comments
Quote from nelio2k View quoted comment :
Ever since WSJ broke a story on how once someone gets their iPhone and passcode stolen, then they get locked out of the Apple account all together.

Usually when adding an external bank account to a bank, they'll do two micro transactions to verify that you own the external bank account. It looks like there's no verification needed when adding an external bank account from Apple Card, at least when I tried it...

So just playing devil's advocate here. Say someone puts money in their Apple Savings, and a thief gets ahold of the phone + passcode. The thief can theoretically lock the user out, turn on the recovery key so no one not even Apple can access it
The Apple Card has your external bank information on it. So they can:
1. Transfer all your money from your external savings/checking to Apple card
2. Add their own bank account (as no verification is needed or possible)
3. Transfer all the money to their bank account. So you would lose your iCloud account AND you'd lose all your moeny, right?

Being a bit paranoid so just checking if this seems right, or is there a security measure I am not aware that makes this scenario unlikely.
Yes... obviously don't let people know your passcode. But... just hypothetically speaking here...
That story is based on idiots who are drunk and punch in their code in crowded bar with people all over. I mean , they deserve to get their shit stolen.
3
Apr 23, 2023 11:00 PM
1.4K Comments
Joined Nov 2005
cazic99Apr 23, 2023 11:00 PM
1.4K Comments
Quote from slickCL11 View quoted comment :
Moved all my money sitting on checking account to Apple savings. Left only enough to pay bills and CC.
Smart
Apr 24, 2023 4:33 AM
2 Comments
Joined May 2017
qeroApr 24, 2023 4:33 AM
2 Comments
this Apple Card saving is not backed by apple, it's GS's saving product, you can only withdraw 10k each time 24hrs notice ahead and max 20k withdraw within 7 days. max 250k back by fdic, and the saving part is by another bank company, Apple Card visa is also by GS, when you applied for Apple Card, you are actually getting a GS visa not apple.

There're a lot of issues behind Apple Card products, it's gonna explode later but not very "soon". take advantage if you are only 10-20K saving. Today's policy, they'll let you out within 7days.
2
Apr 24, 2023 4:53 AM
5.4K Comments
Joined Mar 2007
fx1Apr 24, 2023 4:53 AM
5.4K Comments
Quote from qero View quoted comment :
this Apple Card saving is not backed by apple, it's GS's saving product, you can only withdraw 10k each time 24hrs notice ahead and max 20k withdraw within 7 days. max 250k back by fdic, and the saving part is by another bank company, Apple Card visa is also by GS, when you applied for Apple Card, you are actually getting a GS visa not apple.

There're a lot of issues behind Apple Card products, it's gonna explode later but not very "soon". take advantage if you are only 10-20K saving. Today's policy, they'll let you out within 7days.Re
Really? You've been a member since 2017 and you have 1 post.... Provide a link.
2
Apr 24, 2023 7:24 AM
6.4K Comments
Joined Nov 2012
R3DTR1XApr 24, 2023 7:24 AM
6.4K Comments
Quote from aqan View quoted comment :
Does it have a bill pay feature? Would be nice if you could pay bills etc from this account
I've never known any savings account that has billpay. What you want is a checking account.

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Apr 24, 2023 12:00 PM
1.3K Comments
Joined Dec 2006
rajlovermasterApr 24, 2023 12:00 PM
1.3K Comments
Quote from John0010 View quoted comment :
https://robinhood.com/us/en/suppo...insurance/

Don't stop at first few lines. Just search for below text on above link using browser option "find in page"

FDIC insurance up to $1.5 million

Basically Robinhood sweeps your savings into 6 partner banks with 250k max in each bank thus effectively insuring upto $1.5 million

Also mentioned here

https://www.investopedia.com/inve...hood-safe/
Sofi has better FDIC insurance than Robinhood. SoFi is allowing members to opt-in to receive $2,000,000 worth of total FDIC coverage across checking and savings accounts. Interest rate is 4% and there is no fees. It comes with checking account with 1.2% interest rate.

I have both robinhood and Sofi.

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