Hi Sieghard, 

Thanks for that clarification. I wasn't sure whether the savings account was a US only thing or not. Is the Apple Card itself available for those not in the USA? 

Alan Lemly 

Sent from my iPhone

On Apr 20, 2023, at 11:49 AM, Sieghard Weitzel <siegh...@live.ca> wrote:



And just to emphasize it, this only applies to people in the United States.

 

From: viphone@googlegroups.com <viphone@googlegroups.com> On Behalf Of Alan Lemly
Sent: Thursday, April 20, 2023 7:34 AM
To: viphone@googlegroups.com
Subject: Instructions on how to set up Apple Card high-yield savings account

 

Goldman Sachs Bank which issues the Apple Card began offering a high-yield Apple Card savings account yesterday 4/19/23. According to the below website, this account is currently paying a 4.15% APR or APY depending on your acronym of choice:

 

https://nr.apple.com/DH9l5p5Ab0

 

You can read about how any Apple Cash earned with your Apple Card is automatically deposited in this account at the above site. I thought the site was a bit lax in providing specific instructions on how to set up one of these accounts so I’m posting that below:

 

  1. Open the Wallet app on your iPhone or iOS device and tap on “Apple Card.”
  2. Tap the More button, then tap “Daily Cash.”
  3. Tap “Set Up” next to “Savings,” and follow the onscreen instructions to the savings account application.

 

For those who already have Apple Cards, setting up this account took about 2 minutes. When following the above instructions, you have to provide your Social Security or taxpayer ID number and confirm that you are not subject to IRS backup income tax withholding. More than likely, you already have a bank account attached to your Apple Card for paying it off and transferring funds between this external bank account and the high-yield savings account is very easy.

 

I hope the above information is helpful to anyone interested in this savings account.

 

Alan Lemly

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