Apple Card has recently announced that it is launching a high-yield saving account with an impressive 4.15% Annual Percentage Yield (APY). This feature is being celebrated as a beneficial feature to Apple Card users, as it increases their value of the popular perk, named “Daily Cash.” The aim of the feature is to assist Apple users in creating better financial habits by integrating the savings account into the Apple Card.

The savings account, serviced by Goldman Sachs, provides ease and convenience in multiple ways. For starters, users receive their Daily Cash earnings automatically deposited into the account. On top of that, they have an option to add additional funds into their savings either by linking a banking account, and/or transferring funds from their Apple Cash account. Furthermore, users have the flexibility to change their Daily Cash destination to the savings account or transfer it back to their wallet or bank account whenever they want.

The high-yield savings account is the latest step Apple is taking to form a financial services ecosystem, aiming to combine its renowned security with the expertise of a major financial institution. This comes with assurance that users’ money is accessible only by them and will be handled safely and efficiently.

For those trying to take control of their finances, the new feature provided by Apple Card can act as a great aid. Launching and utilizing a high-yield savings account with an established financial institution like Goldman Sachs, one can double-up their earnings with a guaranteed return of 4.15% and leverage the benefit of Daily Cash to boost their savings. With the assurance of Apple’s security, users don’t have to worry about their money as it is handled with great safety and efficiency.



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