Apple has launched a high-yield savings account for Apple Card users.

The savings account is managed by Goldman Sachs and offers a 4.15% annual percentage yield.

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The account allows users to grow their Daily Cash rewards.

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There are no minimum deposits or balance requirements.

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Users can set up the account through the Wallet app.

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Funds can be withdrawn anytime.

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The savings account was announced in October 2022.

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The Pay Later service was also launched in March 2023.

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