Apple is offering a limited-time promotion for new Apple Card users to earn $75 in Daily Cash after spending $75 within the first 30 days, available until November 17th, providing an incentive to sign up sooner rather than later.
Apple Card users can now open a Savings account with Goldman Sachs, offering a high-yield APY of 4.15 percent with no fees, minimum deposits, or balance requirements. Daily Cash rewards earned by the user will be automatically deposited into the account, and users can deposit additional funds through a linked bank account or Apple Cash balance. The Savings dashboard in Wallet allows users to track their account balance and interest earned over time, and withdraw funds at any time with no fees.
Apple Card Savings Account is expected to launch on April 17, allowing users to open a high-yield savings account from Goldman Sachs in the Wallet app on their iPhone and start earning interest on their Daily Cash balance. Users will be able to deposit their own funds into the savings account through a linked bank account, or from their Apple Cash balance. The feature was first announced in October and will only be available in the U.S.
Apple is preparing to launch a Daily Cash savings account feature for Apple Card users, as mentions of a Daily Cash Savings account have been found in backend Apple code. The code contains the terms of service for the savings account, as well as images that Apple will likely use for the feature in the Wallet app and other locations. Apple Card users can sign up for the savings account through Goldman Sachs, and all Daily Cash earned will be automatically deposited into the account.