Apple Savings Account Deposit Limit and Balance Rules

If you're considering opening an Apple Savings Account, it's essential to know the deposit limit and balance rules.

The maximum deposit limit for an Apple Savings Account is $250,000 per account, per depositor, per insured bank.

You can deposit funds into your Apple Savings Account via direct deposit, mobile check deposit, or in-person deposit at a participating bank.

Each deposit into your Apple Savings Account has a $10,000 daily limit.

Your Apple Savings Account balance can be accessed 24/7 through the Apple Cash app or online banking.

The Apple Savings Account allows you to save up to $250,000, but that's not the new limit.

In fact, Apple Card Savings Account limits have been increased to $1 million.

However, Goldman Sachs has a rule where any deposits that bring the account over $1,000,000 will be returned via check.

You can open an Apple Savings Account by following these steps: Open the Wallet app and tap on your Apple Card.Tap the More button, then select Daily Cash.Next to Savings, tap Set Up.Follow the onscreen instructions to set up your account.

The Apple Savings Account is offered through a partnership with Goldman Sachs, which means it's FDIC-insured. This provides protection for your funds up to $250,000, but anything above that amount isn't insured.

FDIC insurance limits also include the sum total of any other accounts you may hold with Goldman Sachs.

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The balance limit for your Apple Savings Account is a crucial aspect to consider. The maximum balance limit is $1 million, as of the recent update from Goldman Sachs.

You can deposit up to $1 million in your Apple Card Savings Account. Any deposits that bring the account over $1,000,000 will be returned via check.

The balance limit is not just a limit, but also a factor that affects FDIC insurance coverage. Any deposits above $250,000 are not insured by the FDIC in the event of bank failure.

Here are the key balance limit details:

The Apple Savings Account is a high-yield savings account that offers a competitive APY of 4.50 percent. This rate is more than 10 times the national average, making it an attractive option for savers.