Kevin Slater Posted April 17, 2023 Share Posted April 17, 2023 Folks who have an Apple credit card (that titanium one issued through Goldman Sachs) can now open a savings account in their Apple wallet. By default, your daily Apple cash (the 1 to 3% you make back on purchases) would then be swept into the savings account unless you opt to have it continue going to Apple Pay. The account currently pays 4.15%, but for me the big draw is to quit getting these measly $5 here, 8¢ there additions to my Apple Pay balance. Kevin Slater GTMike, + FrankR and + BenjaminNicholas 2 1 Link to comment Share on other sites More sharing options...
+ BenjaminNicholas Posted April 18, 2023 Share Posted April 18, 2023 It's a damned fine return at 4.15% even though I'm sure this sizzle rate won't last long. It'll be enough to convince some on the fence about opening up a card to do so. That's really the bottom line here. I've been happy with Apple Card, but appreciate seeing some new perks. It's been a pretty bland card since inception. Link to comment Share on other sites More sharing options...
rvwnsd Posted April 18, 2023 Share Posted April 18, 2023 Marcus, Goldman Sachs's online savings bank, offers a 3.90% APY on their online savings account. If the rate on the Apple savings account does decrease, it won't do so by much. Link to comment Share on other sites More sharing options...
Jim_n_NYC Posted April 18, 2023 Share Posted April 18, 2023 (edited) Pfft. All my savings accounts atm are paying 4.5% and up. This rate is not all that special and sub 4% is not even close. Even the cash management account (where they sweep unused funds) at Fidelity is now 4.5%. Best High Yield Savings Accounts - up to 5.00% APY - Doctor Of Credit WWW.DOCTOROFCREDIT.COM List of the best high interest yield accounts, we list ALL high interest accounts - get up to 5% APY with a rewards account or 2.35% on a basic account. If you get more back than 1:1 from Apple, then sweep that somewhere else. 4/19: I just did a manual sweep to a money market at Fidelity and the rate is 4.66%. Edited April 19, 2023 by Jim_n_NYC Link to comment Share on other sites More sharing options...
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