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Fortune

Ivana Pino

Apple card users can now open a high-yield savings account

Photo illustration of a hand dropping coins into a piggy bank that is shaped as the Apple logo. (Credit: Photo illustration by Fortune; Original photos by Getty Images (2); Original logo by Apple)

Starting today, Apple cardholders will be able to grow their Daily Cash rewards with an Apple savings account by Goldman Sachs.

These rewards are earned every time a cardholder uses their Apple Card to make a purchase—with select merchants offering unlimited 3% cash back. Users can change where that cash back is deposited and redirect it to their savings account to earn interest on that money, in addition to any funds they deposit from an external bank account.

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