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Tom’s Guide

Technology

Alyse Stanley

Apple just launched Apple Card savings accounts — what you need to know

Apple Apple Card Goldman Sachs Tom Guide

Apple Card shown in the Apple Wallet app

The long-awaited Apple Card Savings Account is here! Starting today (April 17), iPhone users can open a high-yield savings account from Goldman Sachs straight from the Wallet app and grow their Daily Cash balance with interest earned.

The savings account has no fees, no minimum deposits, and no minimum balance requirements. It offers an annual percentage yield (APY) of 4.15 percent — a rate more than 10 times the national average, Apple highlighted in a press release.

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