Apple Card Savings Account Available Starting Today With 4.15% Interest Rate

[DotCom2]

depending on your checking account ,you sh


No there are limits on savings accounts transactions.

Better check on that. I think they said no limits. But I need to verify that.

 

[mnsportsgeek]

Every bank account I've ever tried to setup under our Trust, the bank required the paperwork of the trust to put in their records. This is probably the holdup they are going to have to work out.

Ya, its often a pain as a consumer to do it too. Hopefully Apple/Goldman come up with an easy way.

 

[k1121j]

Frequency of payments on said account is seen as a positive.

Nope. Go here it wont help that way

 

[Andronicus]

Anyone see a way to move apple cash balance over?

When I set mine up I got a message asking if I wanted to do that.

 

[Deguello]

That is the first time I’ve ever heard anyone say to have 5 years of bills in savings. Most common term I’ve heard is 6 months of expenses.

I’m talking about people who are retired and living on savings. Not people with a steady income.

 

[Apple_Robert]

Set up earlier and was automatically asked if I wanted to move Apple Cash over. Need to set up my checking to move some more money over.

 

[Mr. Dee]

I transfer a certain amount from checking to my saving's each month; its currently setup for recurring. I will reduce it significantly and reallocate that to the Savings account in the wallet. My bank is not paying much on that savings. That too I will eventually move over to Apple Card Savings. But you all know me, I am never quick to jump on the latest.

 

[newyorksole]

after all of those errors, up and running over here. very simple and easy.

curious how long it’ll take my funds to get from Marcus to Apple. it said 1-3 days, but usually these transfers are pretty quick.

 

[monstermash]

Set up up. Moved money in from my bank. Added a beneficiary. All easy as Apple pie.

 

[hashsi99]

You would be losing money then. That % doesn't even keep up with inflation. You need to see a good financial planner and get in the market. Just my humble opinion.

Money is invested. I just happen to have 500k that cleared from selling a business.

Will not be moving it into another venture for a bit, but need access to it.

Thanks for the advice though. Normally I’d agree with you and say I’m an idiot. Lol

 

[vegetassj4]

PSA:

Here’s how its 4.15% offer compares to top rates​

Apple wants to be 'top of wallet' with new savings account, expert says. Here's how its 4.15% offer ranks among best rates

Apple may be seeking "top of wallet status" with the debut of a new savings account, one expert said. For savers, it's a sign to shop around for the best rates.

www.cnbc.com

 

[SocialBR1]

So is anyone actually seeing the option to set this up?..

Yes, I opened an account today.

 

[decypher44]

Set up up. Moved money in from my bank. Added a beneficiary. All easy as Apple pie.

View attachment 2190017

Did you have to call in to set up a beneficiary?

 

[SocialBR1]

Did you have to call in to set up a beneficiary?

Dealing with GS/Apple accounts is never easy. Called to set up a beneficiary for my new Apple Savings account, and the representative put me on hold and said she would be right back. Instead, I was put in the regular hold queue. I opted to a call back, but this is extremely annoying.

 

[gregmancuso]

That said, the interest rate is variable and is already down to 4.07% and can change at any time. I smell a bit of a bait and switch but we’ll see.

You are comparing APR to APY. 4.07% APR compounding daily = 4.15 APY.

 

[k1121j]

I might do 50k see how it goes. If smooth, I’ll do 250k under my account and 250k under wifey. A cool 21k annually pre tax!

If you have that kind of money they are way better options for you. Just sayin

 

[alexandr]

Yes, I opened an account today.

Yes, so did I, it just wasn't an option when I first read the post.

 

[CaptMarvel]

after all of those errors, up and running over here. very simple and easy.

curious how long it’ll take my funds to get from Marcus to Apple. it said 1-3 days, but usually these transfers are pretty quick.

The same bypass that works for paying Apple Card balance works…

If you transfer cash to Apple Cash Card, then transfer from Apple Cash Card to Savings, it’s instant.

 

[NMBob]

Thank you! I thought it was going to be alot higher. Still not enough to afford a Fully Spec Mac Pro 🤨

Well, it'll be up to $30 or $40,000 earned by the time the computer comes out.

 

[Legion103]

I still don’t have the option to get it!

 

[jimbobb24]

Anybody move over 250k? I’m about to. But have to update iOS first I guess.

Apple really does cater to a special group....my hats off to you hashsi99 and the financial decisions you have successfully made to be to this point.

 

[jimbobb24]

I might do 50k see how it goes. If smooth, I’ll do 250k under my account and 250k under wifey. A cool 21k annually pre tax!

this is below the rate of inflation....so its great but still sinking.

 

[bitcloudrzr]

Woah Long Overdue! A 4.15% interest rate is very good. Good Bye American Express & Discover 😃

I am always surprised when I see Discover being accepted here.

 

[zubikov]

Apple in 2018 = what's a computer?
Apple in 2023 - what's a bank?

 

[newyorksole]

The same bypass that works for paying Apple Card balance works…

If you transfer cash to Apple Cash Card, then transfer from Apple Cash Card to Savings, it’s instant.

true, but I think that’s only with a debit card.

the majority of my funds are in my savings account and there’s no card associated with it.

so I have no choice but to transfer from my external Marcus savings to Apple Savings and wait.

if the funds were in my checking, then what you said would work perfectly.