Lets see how this pans out. My bet is Apple won’t make it happen😞How about launching services outside of the US ?
Lets see how this pans out. My bet is Apple won’t make it happen😞How about launching services outside of the US ?
RBS, I have the same account.
Sounds a lot like Chip to me. I wonder if they’ll match the 3.55% interest rate on instant access savings? How about a UK and EMEA launch too?
Apple appears to be gearing up to introduce the Daily Cash savings account feature for Apple Card users, as mentions of a Daily Cash Savings account have been found in backend Apple code by Aaronp613.
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The appearance of the code indicates that Apple has furthered its work on the savings account, and that it will be introduced in the very near future. Prior to the March 28 launch of Apple Pay Later, references showed up in the code the day before, so there is a chance that the Apple Card savings account could launch as soon as this week.
The code contains the terms of service for the savings account, as well as images that Apple will likely use for the feature in the Wallet app and other locations. It mentions iOS 16.3, but it is not yet clear if iOS 16.3 will be required to sign up for and use an account.
Apple back in October announced plans to introduce a "high-yield" savings account for Apple Card users to store Daily Cash, with all Daily Cash earned automatically deposited into the account. Apple at the time said the savings account would be available "in the coming months," but there has not been an update since then.
Apple Card users can sign up for the savings account through Goldman Sachs, Apple's financial partner for the Apple Card. Like the Apple Card, the savings account will be managed using the Wallet app on iPhone or the Wallet section of the Settings app on the iPad.
While Daily Cash will be automatically deposited in the account once it is created, Apple Card users can opt to change where their Daily Cash is delivered in the future. There are also options for depositing additional money into the savings account through a linked bank account or through an Apple Cash balance. Funds can be withdrawn at any time with no fees or penalties.
Article Link: Apple Preparing to Launch Apple Card Savings Account
Heck, that means losing access to the calendar, reminders and Notes list of the groceries of the day!So losing access to your Apple ID is financially devastating
Bank to bank transfers for savings accounts are usually quite easy and free. I'd be surprised if this situation is any different.I’ve had no issues with Marcus thus far, but if Apple is offering the same APY OF 3.75% then I’m going to just move my money over to this lol.
hopefully there’s mention of that transition in the release notes.
Where exactly though? Wouldn't make sense in the UK as an example. We have a highly developed banking & competitive banking system.How about launching services outside of the US ?
That's probably limited by what partners they are able to find since Apple itself is not a bank and currently only funnels banking services that other banks provide.How about launching services outside of the US ?
I have a Marcus account. Been a customer for a few years. No complaints (one of the few banks where I can say that — no complaints, lol). They don’t offer a lot of banking products, but what they do offer is very competitive with other banks.That will be enough to convince me to try it out
Talk to the regulators in your countryHow about launching services outside of the US ?
You must have missed the recent Mac mini pricingThe company that raises prices every time it releases something would like to give you a discount.
No longer.Interesting. Don’t most online savings accounts have a federal limit of 6 withdraws a month?
This changed. Some banks still impose them for S&S, but many did away with the restriction.Yes, it's actually federal law. However, most banks allow you to withdraw more than 6 times with extra fees but most banks refund those fees. Basically...you shouldn't really use a saving account like a checking account since traditionally checking accounts have lots of transactions each month.
I don’t know, putting all of your eggs in one companies basket doesn’t seem like a smart play. But what do I know, I’m just a wealthy industrialist, philanthropist and bicyclist.I'd like to see Apple Bank and Apple Wireless in the future.
I have a Marcus account. Been a customer for a few years. No complaints (one of the few banks where I can say that — no complaints, lol). They don’t offer a lot of banking products, but what they do offer is very competitive with other banks.
And once a year (March 2019, January 2020, January 2021, January 2022, January 2023) they will have a promotion that will offer $100 bonus for a $10,000 new money deposit. And I believe every single time it was available to new AND existing customers of the bank. It’s not a huge bonus, but the requirements are simple (just a new money deposit and keep it there for 90 days). Super easy. No guarantees that they will do it again in 2024, but so far it has been an annual tradition of theirs, lol. And again, it has been available to existing customers (so you don’t have to wait until January 2024 to open an account).
Where in the world is this? That barely keeps up with inflation but its way better than I am getting.
In Argentina we have your yearly inflation every month. Now that's inflation.Where in the world is this? That barely keeps up with inflation but its way better than I am getting.
My Apple Card cash back gets put in my Apple Cash account, only for me to then use it when I pay off my balance. It's wholly redundant for me at this point. If my cash back went into a high yield savings account however....BTW, do many people use Apple Cash? I don't see it mentioned anymore.
Banks offering those rates come with huge caveats with fine print requirements. You usually have to jump through hoops or the amount that qualifies is limited to a specific amount.
Just like in the olden daysGoldman already has a FDIC insured product called Marcus that currently pays 3.75% on savings with no fees.
I don’t think it’s Apple’s fault. Blame your government’s restrictions and red tape.