Apple Card now has another benefit for cardholders , at least those in the U.S. : a high - takings savings news report that gives you daily chemical compound interest with a 4.15 percent APY interest charge per unit . Apple Card Savings is bill as a destination for your Daily Cash – the cashback you get when making Apple Card leverage – but you’re able to transfer money to the report from a linked bank account , and withdraw money at any fourth dimension with no fees .
Like Apple Card , this is currently only useable to exploiter in the United States . You must be 18 years old , have a societal security department number or individual taxpayer identification phone number , have a valid physical U.S. address , and havetwo - agent authenticationset up on your iPhone . ( If you have Apple Card , you already touch most of these criteria . )
Here ’s how to get bulge out ready up your Apple Cash Savings account .
Open Apple Card and select Daily Cash
Foundry
First , launch the Wallet app and pick out your Apple Card .
Then pink the More button ( … ) in the upper right and choose Daily Cash .
Change Daily Cash option to Savings
From the Daily Cash department , tapSavingsunder Daily Cash Election . If you have been using your Apple Card for a while , you ’ll almost certainly have an Apple Cash circuit board selected .
You ’ll see a splash concealment tell you about Apple Cash Savings . TapContinueto get take up .
Provide info and agree to terms and conditions
You will have to avow your Social Security Number or Tax ID number . Apple will not store or read this info – it is sent to Goldman Sachs as part of your report software only .
After providing the necessary info , there is a lengthy term and Conditions to harmonise to .
Open your account and transfer Daily Cash
You ’ll have to express whether you are dependent to IRS backup withholding ( you probably are n’t ) and confirm that the information you have bring home the bacon is unfeigned and accurate , and then tapConfirm & Open Account .
Your Apple Card Savings account will start empty , but you will be prompted to transfer the balance from your Apple Cash card to the savings account . Afterward , Daily Cash allotments will automatically transfer into your Savings account unless you change the election in the Dily Cash lozenge to Apple Cash . stake will accrue daily and deposit into your account on the first of each month .
From the Savings silver screen , largeWithdrawandAdd Moneybuttons do exactly what they say : Let you deposit or withdraw investment firm either from your Apple Cash card or from a colligate bank account .
