Apple has revealed a brand-new method for Apple Card holders to increase their Daily Cash benefits by using a Goldman Sachs savings account.
The accounts will provide a 4.15% APY without fees, minimum deposits, or balance limitations, the business claims.
Vice President of Apple Pay and Apple Wallet Jennifer Bailey stated in a statement that "our goal is to build tools that help users lead healthier financial lives."
Users of the Apple Card may create an account right from the Wallet app, and they can utilize Daily Cash, the benefits they receive when using the Apple Card to make purchases, to fund their savings account. Unless the user chooses to alter the destination for their Daily Cash, newly earned Daily Cash will be automatically placed into the account, the business added. Users will also be able to add money to the account by transferring money from their associated bank.