Apple launches its savings account for cardholders, with 4.15% interest rate

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Users of Apple's cobranded credit card with Goldman Sachs can officially start parking their rewards in a linked savings account.

Users of Apple Inc.’s cobranded credit card with Goldman Sachs can officially start parking their rewards in a linked savings account, the consumer-electronics giant announced Monday.

After... Users of Apple Inc.’s cobranded credit card with Goldman Sachs can officially start parking their rewards in a linked savings account, the consumer-electronics giant announced Monday. After users set up the savings account, future Daily Cash rewards will automatically go there, though cardholders can switch up the rewards destination. Users can also hold additional funds in the savings account by linking to a bank account or depositing from their Apple Cash balances.

 

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Ouch for all the other internet-only banks! This is gonna be a game changer in the US!

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