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Kiplinger
Kiplinger
Business
Erin Bendig

Apple Launches New Savings Account: What to Know

Apple
Two phone screens showing a sample Apple Card savings account.

Apple launched a new savings account on Monday, and it offers a rate of more than 10 times the national average.

"Savings helps our users get even more value out of their favorite Apple Card benefit — Daily Cash — while providing them with an easy way to save money every day,” Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet, said in a press release.

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