If you are an Apple Card user with a Savings account, you're now able to save up to $1 million for the first time. The news means that the previous $250,000 savings limit has been expanded considerably, giving people more room to save if they'd like to go that route.
However, those who are looking to save such sums should note that only the first $250,000 will be covered by the U.S. Federal Deposit Insurance Corporation should Goldman Sachs become insolvent, something that seems unlikely but is nevertheless to be considered.
