Apple is working with Goldman Sachs to launch a Savings account feature.
In Brief:
Goldman Sachs and Apple will launch a new Savings feature for Apple Card cardholders.
Apple Card users can save and grow their “daily cash”, the rewards they earn on purchases.
They’re described as “high yield” savings accounts but the exact interest rates haven’t been disclosed.
What does this mean?
Apple Card users will be able to set up and manage their Savings account within the Wallet App, and automatic deposits can be set up.
