How to Open Apple Saving Account and Get Started

To open an Apple Savings account, you'll need to download the Apple Cash app and tap on the "Save" tab.

The Apple Savings account is a type of high-yield savings account that earns a variable interest rate.

You can fund your Apple Savings account using a debit card or bank transfer.

First, make sure you have a compatible iPhone or iPad to access the Apple Cash app.

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To open an Apple Savings account, you'll need to meet some basic requirements. You must own or co-own an Apple Card, which is a credit card offered by Apple.

You'll also need to have an iPhone, as it's the only device that allows you to install the Wallet app and manage your Apple Card and Savings account.

To be eligible, you must be at least 18 years old, which is the minimum age requirement for opening an Apple Savings account.

You'll need to have a valid social security number or individual taxpayer identification number, and be a US resident with a valid address.

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Additionally, you'll need to enable two-factor authentication for your Apple account if you haven't already.

Here are the requirements summarized in a table:

Remember, your Apple Card must be in good standing, and the Apple Savings account is only available for individual users, not businesses.

To sign up and set up your Apple Savings account, you'll need to have an Apple Card. If you don't have one, you can apply for it on the Apple website. Once your application is approved and your Apple Card is set up, you can proceed to the next step.

Make sure your device is updated to the latest iOS version, as this is required to access the Apple Wallet app. You can check for updates by going to your device's settings.

To open the Apple Wallet app, simply launch it from your home screen. You should see all your credit and debit cards, including the Apple Card. Tap on it to access the Daily Cash feature.

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Tap on the three-dot menu button in the top-right corner of the screen to select Daily Cash. From here, you'll see a Savings account option under the Daily Cash Election section. Tap on Set Up to begin the setup process.

You'll be asked to provide your Social Security Number during the setup process. This is a required step to complete the application. Once you've entered your Social Security Number, you'll be asked to agree to the terms and conditions of the Apple Card Savings account.

If you have any available Daily Cash to redeem as an Apple Card statement credit, it will be transferred to your new Savings account automatically. This is a convenient feature that can help you start earning interest on your savings right away.

Here are the steps to sign up and set up your Apple Savings account in a concise format:

If you encounter any issues during the setup process, such as a locked or restricted Apple Card account, you may need to contact a Savings Support Specialist for assistance.

Your Apple Card Savings account comes with a range of features that make it easy to manage your money. You can view your account details and features straight from your iOS device.

The Apple Card Savings account is linked to your Apple Card, and you can open it only if you're an Apple Card user. This means you can transfer your Daily Cash rewards directly into your Savings account to start earning interest.

You'll enjoy a competitive 4.15% APY, which is more than 10 times the national average. This interest rate compounds daily and is paid monthly, so you'll earn interest on your interest.

Your money is secure in the Apple Card Savings account, as it's backed by Goldman Sachs, an FDIC member, with protection up to $250,000.

To view your account details, follow these steps:

With no fees, minimum deposits, or minimum balance requirements, the Apple Card Savings account is a hassle-free way to save your money.

You can deposit money into your Apple Card Savings account in two ways: automatically through your Daily Cash earnings or manually from an external bank account or Apple Cash.

To deposit money manually, open the Wallet app on your iPhone and tap on Apple Card. Select Savings account and tap on Add Money.

Enter the amount you want to add and tap Add. Choose the payment source you want to use to add money.

Money you deposit into Savings starts earning interest from the day you initiate the transfer from the Wallet app.

Here are the steps to manually add money to your Savings account:

If you deposit money from Apple Cash, it will be available instantly. However, if you transfer money from an external bank account, it may take a few days for the funds to be available for withdrawal.

The Apple Savings account is a high-yield savings account that users with an Apple Card can choose to open.

It's marketed as a way to get more out of the rewards earned with the Apple credit card, and users can deposit their Daily Cash into it.

There are no fees or minimum balance requirements, which is a big plus.

You can deposit additional funds into the account directly from a linked bank account, giving you more control over your savings.

The Apple Savings account has an Annual Percentage Yield, or APY, of 4.15 percent, which is a competitive rate.

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The Apple Savings account is a high-yield savings account that users with an Apple Card can choose to open. It's a great way to get more out of the rewards you earn with your Apple credit card.

To get started, users need to agree to have their future Daily Cash deposited into the account. This means you'll automatically receive your Daily Cash rewards in this account.

There are no fees or minimum balance requirements with the Apple Savings account. This means you can use it without worrying about extra costs or keeping a certain amount of money in it.

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You can earn interest on the Daily Cash received from Apple Card purchases, with an Annual Percentage Yield (APY) of 4.15 percent. This is a great way to grow your savings over time.

You can also earn interest on your deposits made to Savings that are linked from an external bank account or from Apple Cash. This means you can add your own money to the account and earn interest on it too.

By setting up a Savings account, you can take advantage of the benefits of the Apple Savings account and grow your savings over time.

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The Apple Savings account was launched on April 17, 2023. This is a significant date for anyone interested in opening this type of account.

To apply for and manage the Apple Savings account, you'll need to have iOS 16.4 installed on your device.