Apple Card Will Soon Let Users Grow Daily Cash Rewards While Saving For The Future

Apple Card users will be able to increase their Apple Wallet rewards by having their daily cash automatically deposited into a new high-yield savings account from Goldman Sachs.

Apple® today announced a new Apple Card® savings account that will allow users to deposit their Everyday Cash® and grow their rewards into a high-yield Goldman Sachs savings account. ¹ In the coming months, Apple Card users will be able to open new high-yield savings accounts and have their everyday money automatically deposited into these accounts - with no fees, no minimum deposits and no minimum balance requirements. ² Soon, users will be able to spend, send and save daily directly from Wallet.

"Deposits allow Apple Card users to build up daily cash rewards over time while saving for the future," said Jennifer Bailey, vice president of Apple Pay and Apple Wallet. "Savings adds value to Apple Card's favorite benefits - Everyday Cash, while providing users with another easy-to-use tool designed to help them live a healthier financial life."

Apple Card users can easily set up and manage savings on their Apple Card in Wallet. Once a user creates their savings account, any future Daily Cash will be automatically deposited there, or they can continue to store it in their wallet with their Apple Cash® card. Users can change their daily money goals at any time.

To boost savings even further, users can also deposit additional funds into their savings account from a linked bank account or Apple Cash balance. Users can also withdraw money at any time by making a free transfer to a linked bank account or Apple Cash card. Once set up, Apple Card users can see their wallet rewards grow with an easy-to-use savings dashboard that shows their account balance and interest earned over time.

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Apple Card members earn 3% cashback daily on Apple Card purchases using Apple Pay® at Apple and select stores including Uber and Uber Eats, Walgreens, Nike, Panera Bread, T-Mobile, ExxonMobil and Ace Hardware, as well as 2 % Daily Money. 1% when using Apple Pay, at other merchants and on all other purchases. There is no limit to the daily amount of cash a user can receive.

Goldman Sachs' new savings account expands on the financial health and everyday cash benefits that Apple Card already offers. Apple Card, integrated with Wallet on iPhone®, has transformed the credit card experience by simplifying the application process, eliminating all fees, encouraging users to pay less interest, offering the privacy and security users expect from Apple, and everyday cash on every purchase. . ³

NOTE TO EDITORS. For more information, visit the Apple Newsroom (www.apple.com/newsroom) or contact Apple Media Support at (408) 974-2042.

© 2022 Apple Inc. All rights reserved. Apple, the Apple logo, and Apple Card, Daily Cash, Apple Cash, Apple Pay, and iPhone are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

¹ Savings account provided by Goldman Sachs Bank USA, Salt Lake City branch. Member FDIC.
² Savings available to Apple Cardholders and co-holders subject to eligibility requirements.
³ Variable APR varies from 13.99% to 24.99% depending on creditworthiness. Prices start from October 1, 2022.

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