Apple Card to Offer Savings Account for Daily Cash

[DotCom2]

Ally just raised its rate to 2.50 so hoping GS will match or do better.

 

[ProfessionalFan]

Ally just raised its rate to 2.50 so hoping GS will match or do better.

Capitol One is up to 3%

 

[applegeek97]

Goldman’s HYSA through their Marcus brand currently pays 2.15% APY, that might give some indication of the rates to expect.

3% now

 

[Agile55]

Late to the party but opened a Marcus earlier, like the app etc & will this be tied into our APPL cards @ some point?

 

[GooseInTheCaboose]

Late to the party but opened a Marcus earlier, like the app etc & will this be tied into our APPL cards @ some point?

Yes I lost hope on the Apple Card Savings and opened a Marcus too—and like you am wondering if it will automatically link to the Apple Card? Or will we have to open a separate account and transfer the funds?

 

[Agile55]

Time will tell w/ Marcus & the APPL card being linked meanwhile going to xfer funds into Marcus.

 

[DavisEngeler]

What exactly does "high-yield" entail? Banks love to use that term, and the "high yield" is like 0.1% per annum: $10 per year with $10k deposited. Very curious to see what the rate is.

Marcus savings accounts (a Goldman Sach’s brand) pays 3.3% APY right now, so I imagine this will be similar. Rates are rising quickly these days as the fed tries to fight inflation, and many savings accounts are benefitting.