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Apple to offer Goldman Sachs savings accounts to Apple Card holders
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Apple will start offering savings accounts to its credit cardholders in partnership with Goldman Sachs, according to a Thursday press release.
THE GOLDMAN SACHS GROUP INC.
While Apple did not give an exact time line, the tech giant said the Goldman Sachs high-yield savings account for Apple Card holders would become available "in the coming months." They will be able to automatically put their Daily Cash cashback rewards into the account, plus move money from their linked bank account or Apple Cash card into it, according to Apple.
APPLE PAY LATER UNEXPECTEDLY DELAYED UNTIL FURTHER NOTICE
Once available, the new savings accounts will be able to be set up in the Wallet app. The savings account dashboard in Wallet will show Apple Card holders "their account balance and interest accrued over time," Apple said.