Apple Card Users to Get High Yield Savings Accounts

<p><strong>CUPERTINO<&sol;strong> &&num;8212&semi; <&sol;span>Apple will soon introduce a new Savings account for Apple Card that will allow users to save their Daily Cash and grow their rewards in a high-yield Savings account from Goldman Sachs&period; In the coming months&comma; Apple Card users will be able to open the new high-yield Savings account and have their Daily Cash automatically deposited into it — with no fees&comma; no minimum deposits&comma; and no minimum balance requirements&period; Soon&comma; users can spend&comma; send&comma; and save Daily Cash directly from Wallet&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Savings enables Apple Card users to grow their Daily Cash rewards over time&comma; while also saving for the future&comma;” said Jennifer Bailey&comma; Apple’s vice president of Apple Pay and Apple Wallet&period; &OpenCurlyDoubleQuote;Savings delivers even more value to users’ favorite Apple Card benefit — Daily Cash — while offering another easy-to-use tool designed to help users lead healthier financial lives&period;”<&sol;p>&NewLine;<p>Apple Card users will be able to easily set up and manage Savings directly in their Apple Card in Wallet&period; Once users set up their Savings account&comma; all future Daily Cash received will be automatically deposited into it&comma; or they can choose to continue to have it added to an Apple Cash card in Wallet&period; Users can change their Daily Cash destination at any time&period;<&sol;p>&NewLine;<p>To expand Savings even further&comma; users can also deposit additional funds into their Savings account through a linked bank account&comma; or from their Apple Cash balance&period; Users can also withdraw funds at any time by transferring them to a linked bank account or to their Apple Cash card&comma; with no fees&period; Once set up&comma; Apple Card users can watch their rewards grow in Wallet through an easy-to-use Savings dashboard&comma; which shows their account balance and interest accrued over time&period;<&sol;p>&NewLine;<p>Apple Card users get 3 percent Daily Cash on Apple Card purchases made using Apple Pay with Apple and select merchants&comma; including Uber and Uber Eats&comma; Walgreens&comma; Nike&comma; Panera Bread&comma; T-Mobile&comma; ExxonMobil&comma; and Ace Hardware&comma; as well as 2 percent Daily Cash when they use Apple Pay at other merchants&comma; and 1 percent on all other purchases&period; There is no limit to the amount of Daily Cash users can receive&period;<&sol;p>&NewLine;<p>The new Savings account from Goldman Sachs expands upon the financial health benefits and valuable Daily Cash that Apple Card already offers&period; Built into Wallet on iPhone&comma; Apple Card has transformed the credit card experience by simplifying the application process&comma; eliminating all fees&comma; encouraging users to pay less interest&comma; offering the privacy and security users expect from Apple&comma; and offering Daily Cash on every purchase&period;<&sol;p><&sol;div>&NewLine;<&sol;div>&NewLine;