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.

The account allows users to grow their Daily Cash rewards.

There are no minimum deposits or balance requirements.

Users can set up the account through the Wallet app.

Funds can be withdrawn anytime.

The savings account was announced in October 2022.

The Pay Later service was also launched in March 2023.