Apple Card gains savings account

Apple Card will now allow you to collect your Daily Cash in a new Savings account. The company developed the feature along with its bank partner Goldman Sachs and said the new account will be “high yield” without revealing the actual interest rates.

The Daily Cash will be automatically deposited into the account. You can also deposit from you Apple Cash balance or from an external linked bank account.

Apple Card

Cupertino will also offer transferring funds back to Apple Cash, the primary expenditure account, with no fees.

Daily Cash, which is what Apple calls its cashback policy, gives back 1% on all purchases, 2% if they are made through Apple Pay, or 3% if money is spent on Apple Store and some partners like Uber, Walgreens, T-Mobile and ExxonMobil.

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