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

[Truefan31]

Debit cards have all the same protections. The points and cash back are just gimmicks to keep you spending.

Debit cards mostly don’t have travel insurance, primary rental insurance, cell phone protections, price protection, extended warranties, etc. And while debit cards do provide fraud protection, it can be a while, sometimes weeks for their investigation to complete, meanwhile you’re funds are still tied up, vs a credit card where the resolution is much quicker, many times instant, and your actual money isn’t being touched at all…………

I used to be a big follower of Dave Ramsey. And for the severely irresponsible his BASIC advice is helpful. But for those with a level of self control his advice is hollow in todays world, at least in the US. But that’s his marketing. Even though he’s an entitled hypocrite………

 

[overlyunderme]

I've not had the option to set up an account all week. Still nada, just the Invite Friends button.

Same here. No option still today.

 

[Phone Junky]

Same here. No option still today.

Are you on the latest iOS version? That's needed.

 

[lindros2]

Just curious, Would we be able to request a checkbook for this ? Hopefully it doesn't cost $99.99

No - it's a savings account.

 

[lindros2]

Same here. No option still today.

I just received an email from Apple "Retry your Savings account application."
(I was able to successfully do it earlier in the week)

 

[monstermash]

Ok well then maybe it was the amount I transferred. It is still not available for withdrawal. I can't see it being different for the different banks. It came out of my bank almost instantly and was in Apple savings instantly.

It may be the method too.

I transferred from my bank to Apple Cash in the usual way. Then I transferred from there into Apple Savings.

 

[monstermash]

Then I agree with you, sounds unrealistic.

It's a big scam. I'm trying to fool everybody. I get $50 for every person I can convince. Ya got me!!!

 

[izzle22]

It may be the method too.

I transferred from my bank to Apple Cash in the usual way. Then I transferred from there into Apple Savings.

View attachment 2192744

That’s exactly why yours went in immediately. I was not able to transfer $50,000 to Apple Cash then to the savings. There is a $10,000 limit.

 

[monstermash]

That’s exactly why yours went in immediately. I was not able to transfer $50,000 to Apple Cash then to the savings. There is a $10,000 limit.

Well, there you go.

If I had $50K sitting around, I'd use it to pay down my mortgage rather than sticking it in a savings account.

 

[izzle22]

Well, there you go.

If I had $50K sitting around, I'd use it to pay down my mortgage rather than sticking it in a savings account.

Well there YOU go. I want it in a savings account and don’t need to pay my mortgage down. I have an extremely low interest rate on my mortgage and would rather have money in savings if I need it than paying my mortgage down. We all have our reasons and situations.

 

[anson42]

Are you on the latest iOS version? That's needed.

That did it! Turns out I was on 16.3.1 and just updated to 16.4.1 and now the option to create an account is there. Thx!

 

[Nick_P]

That’s exactly why yours went in immediately. I was not able to transfer $50,000 to Apple Cash then to the savings. There is a $10,000 limit.

I moved 40 from my regular bank checking to apple savings acct. Did not go to Apple Cash first. It showed up in Apple savings immediately, as pending, and cleared my checking acct the next day. I already had this checking acct setup to pay the apple credit card, and did not have to do anything extra, other than state my employent status when I moved the money. I'm super happy to have a nice return for non-invested cash with quick access.

 

[monstermash]

Well there YOU go. I want it in a savings account and don’t need to pay my mortgage down. I have an extremely low interest rate on my mortgage and would rather have money in savings if I need it than paying my mortgage down. We all have our reasons and situations.

I don't think my mortgage could get any lower. I'd still pay it off (;

 

[returnZero]

It isn't a checking account so no

Wells got me one when I opened up Savings with them very long time ago.

 

[izzle22]

I don't think my mortgage could get any lower. I'd still pay it off (;

Yeah I'd rather have my savings for emergencies than throw it all at my mortgage. If I'm out of work or something comes up it's better to have the cash liquid than all tied up in a mortgage. I pay extra on my mortgage every month but like to keep my savings for what it is.

 

[monstermash]

Yeah I'd rather have my savings for emergencies than throw it all at my mortgage. If I'm out of work or something comes up it's better to have the cash liquid than all tied up in a mortgage. I pay extra on my mortgage every month but like to keep my savings for what it is.

If I'm out of work, we will just live on my wife's paycheck. She makes more than I do anyway.

I'm just tired of being in debt. I can't wait not to be, even if the "financially smart" move is to NOT pay off a cheap mortgage.

 

[_Spinn_]

Forgive my ignorance, as I don't yet have an Apple Card or Apple savings account, but would the inability to have a joint savings account mean that the Apple savings account could only be viewed/accessed on devices that are logged into my Apple ID even though my spouse would have a shared Apple Card (and is part of the family)? If so, that's really unuseful.

That is correct. My wife cannot see my Apple Savings account even though our Apple Card is shared. Hopefully they add the ability to share the savings account in the future.

 

[caligurl]

Well, there you go.

If I had $50K sitting around, I'd use it to pay down my mortgage rather than sticking it in a savings account.

Or a CD at least... (our mortgage is paid off)

 

[noSpeed]

Has anyone been able to transfer cash from the Apple Cash card to the new savings account? When I try to add money to the account, the only option is to transfer it from my regular bank.

 

[monstermash]

Has anyone been able to transfer cash from the Apple Cash card to the new savings account? When I try to add money to the account, the only option is to transfer it from my regular bank.

All of the money I have put into Apple Savings came from the Apple Cash Card.

Have you tried this:

 

[noSpeed]

Weird. I can only transfer Apple Cash to my bank, and I can only put money into the savings account from my bank.

The Apple Cash card isn’t talking to the savings account.

 

[noSpeed]

All of the money I have put into Apple Savings came from the Apple Cash Card.

View attachment 2193019

Have you tried this:

View attachment 2193021

Thanks for that. All is fine until step 4. Under “Wallet”, all I see is my bank. Even when I click the arrow to the right, there’s no other selection available.

 

[monstermash]

Thanks for that. All is fine until step 4. Under “Wallet”, all I see is my bank. Even when I click the arrow to the right, there’s no other selection available.

Can't even transfer $1?

If you can't even transfer $1, did you "confirm your identity" with Apple?

Verify your identity for Apple Card or Apple Cash - Apple Support

To protect your account, you might be asked to verify your identity when using Apple Cash or applying for Apple Card.

support.apple.com

 

[noSpeed]

Ah. That’s probably it. I haven’t done the identity verification. Didn’t really find it necessary, since I generally use the cash before I get to the $500.

Thanks a bunch!

 

[monstermash]

Ah. That’s probably it. I haven’t done the identity verification. Didn’t really find it necessary, since I generally use the cash before I get to the $500.

Thanks a bunch!

You are welcome