Apple Card Gets a Fresh Agreement Update
Apple has refreshed its customer agreement page to prepare for a shiny new perk: a high‑yield savings account.
The Behind‑the‑Scenes Move
Goldman Sachs, the bank that powers the Apple Card, rolled out the page tweak. They’re making sure everything’s in sync so the savings feature can launch real soon.
What You’ll See in Your Inbox
Apple Card users are getting the latest news by email.
The Big Idea
Turn your Daily Cash rewards into a high‑interest savings account with a partner bank. It’s a simple way to let your money do the hard work for you.
- Grab your Daily Cash instantly
- Enjoy a better interest rate than a regular savings jar
- All set up for Apple Card holders
Apple Card’s New Savings Feature
How It Works
Apple is giving your Daily Cash a new home: with the simple tap of a button in the Wallet app on your iPhone, the reward money automatically drops into a separate savings account. It’s like a tiny, lazy bank that never asks you to keep a minimum balance, never asks for automatic deposits, and most importantly—never asks for a fee.
What Makes It Stand Out
- No minimum balance required – whether you live on a budget or a throne, the account works for you.
- No hidden fees – the only fee you’ll see is the regular Apple Card Daily Cash 3% reward, and that’s already baked into the deal.
- Automatic deposits – no more manual transfers or remembering to move money every time you hit a purchase.
- Earn interest once it launches – after the whiz‑bang launch, your Daily Cash will sit in the savings account and start earning a bit of extra interest over time.
Why You Should Care
This feature turns a casual spending reward into a passive savings stream. Think of it as your personal minivan for money: it carries your Daily Cash wherever you go, and when you sit down in iOS 16.1 (or later), it’ll start putting that money to work for you.
Launch Date? Still a Mystery
Apple hasn’t pinned down a release date yet, but it was initially rumored to arrive with iOS 16.1. Stay tuned for the official announcement, and once it hits the market, you’ll be able to set up your account and let those rewards grow.
For now, keep an eye on your Wallet app – it’s almost ready to become the next best thing in your financial toolkit.
