October 13, 2022
PRESS RELEASE
Apple Card will quickly let customers develop Each day Money rewards whereas saving for the longer term
Apple Card customers will be capable of develop their rewards in Apple Pockets by mechanically depositing their Each day Money into a brand new high-yield Financial savings account from Goldman Sachs
CUPERTINO, CALIFORNIA Apple in the present day introduced a brand new Financial savings account for Apple Card that can enable customers to avoid wasting their Each day Money and develop their rewards in a high-yield Financial savings account from Goldman Sachs.1 Within the coming months, Apple Card customers will be capable of open the brand new high-yield Financial savings account and have their Each day Money mechanically deposited into it — with no charges, no minimal deposits, and no minimal steadiness necessities.2 Quickly, customers can spend, ship, and save Each day Money instantly from Pockets.
“Financial savings permits Apple Card customers to develop their Each day Money rewards over time, whereas additionally saving for the longer term,” mentioned Jennifer Bailey, Apple’s vice chairman of Apple Pay and Apple Pockets. “Financial savings delivers much more worth to customers’ favourite Apple Card profit — Each day Money — whereas providing one other easy-to-use software designed to assist customers lead more healthy monetary lives.”
Apple Card customers will be capable of simply arrange and handle Financial savings instantly of their Apple Card in Pockets. As soon as customers arrange their Financial savings account, all future Each day Money acquired can be mechanically deposited into it, or they will select to proceed to have it added to an Apple Money card in Pockets. Customers can change their Each day Money vacation spot at any time.
To develop Financial savings even additional, customers also can deposit further funds into their Financial savings account by a linked checking account, or from their Apple Money steadiness. Customers also can withdraw funds at any time by transferring them to a linked checking account or to their Apple Money card, with no charges. As soon as arrange, Apple Card customers can watch their rewards develop in Pockets by an easy-to-use Financial savings dashboard, which exhibits their account steadiness and curiosity accrued over time.
Apple Card customers get 3 p.c Each day Money on Apple Card purchases made utilizing Apple Pay with Apple and choose retailers, together with Uber and Uber Eats, Walgreens, Nike, Panera Bread, T-Cellular, ExxonMobil, and Ace {Hardware}, in addition to 2 p.c Each day Money after they use Apple Pay at different retailers, and 1 p.c on all different purchases. There isn’t a restrict to the quantity of Each day Money customers can obtain.
The brand new Financial savings account from Goldman Sachs expands upon the monetary well being advantages and beneficial Each day Money that Apple Card already provides. Constructed into Pockets on iPhone, Apple Card has reworked the bank card expertise by simplifying the appliance course of, eliminating all charges, encouraging customers to pay much less curiosity, providing the privateness and safety customers count on from Apple, and providing Each day Money on each buy.3
About Apple
Apple revolutionized private know-how with the introduction of the Macintosh in 1984. Right now, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s 5 software program platforms — iOS, iPadOS, macOS, watchOS, and tvOS — present seamless experiences throughout all Apple units and empower individuals with breakthrough providers together with the App Retailer, Apple Music, Apple Pay, and iCloud. Apple’s greater than 100,000 workers are devoted to creating the very best merchandise on earth, and to leaving the world higher than we discovered it.
- Financial savings accounts are supplied by Goldman Sachs Financial institution USA, Salt Lake Metropolis Department. Member FDIC.
- Financial savings is accessible to Apple Card Homeowners and Co-Homeowners, topic to eligibility necessities.
- Variable APRs vary from 13.99 p.c to 24.99 p.c primarily based on creditworthiness. Charges as of October 1, 2022.
Press Contacts
Kimberly Mai
Apple
Heather Norton
Apple
Apple Media Helpline
(408) 974-2042
