Apple announced that it is now offering its Apple Card holders the option of saving their cash-back rewards in a 4.15% high-yield savings account with Goldman Sachs, along with other incentives.
Apple on Monday announced that it is now offering its Apple Card holders a 4.15% high-yield savings account with Goldman Sachs. They may park both the 3% cash back they receive from using the Apple Card on select purchases plus other savings they may wish to deposit. The new product will provide a more holistic, financial-service experience under the Apple umbrella for its customers, who must use Apple hardware to benefit, noted Bankrate senior industry analyst Ted Rossman.
Bankrate gives the Apple Card high marks as a no-fee rewards credit card, and the convenience of having a high-yield savings account for a cardholder’s cash rewards may be appealing. But the good news for Apple customers — or anyone else seeking more money on their savings — is that there are a lot of high-yield savings options on offer now that don’t require you to join the Apple club to benefit. Savings rates at the biggest banks — which are swimming in deposits — are still well below 1%.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple Makes the iPhone a Home for Savings AccountsApple said it has launched its high-yield savings account with Goldman Sachs that offers Apple Card users an annual percentage yield of 4.15%
Read more »
Apple unveils high-yield savings account for Apple Card holdersAccording to Apple, the card offers an annual percentage yield (APY) of 4.15% – more than 10 times the national average.
Read more »
Code reveals that the Apple Card Savings Account will be unveiled tomorrow, April 17thA code reveals that Apple plans on unveiling the Apple Card Savings Account tomorrow, April 17th.
Read more »
Apple Card holders can now sign up for a high-yield savings account | EngadgetApple Card holders can now sign up for a high-yield savings account
Read more »
Apple offers high-yield savings to card customers as deposit competition heats upApple Inc is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc amid increased competition among financial institutions for consumer dollars.
Read more »
Apple launches savings account with 4.15% interest rateApple has announced a new way for Apple Card users to grow their Daily Cash rewards using a savings account from Goldman Sachs.
Read more »