Apple on Monday announced that it is now offering its Apple Card holders a 4.15% high-yield savings account with Goldman Sachs. They may park both the 3% cash back they receive from using the Apple Card on select purchases plus other savings they may wish to deposit. The new product will provide a more holistic, financial-service experience under the Apple umbrella for its customers, who must use Apple hardware to benefit, noted Bankrate senior industry analyst Ted Rossman.
Bankrate gives the Apple Card high marks as a no-fee rewards credit card, and the convenience of having a high-yield savings account for a cardholder’s cash rewards may be appealing. But the good news for Apple customers — or anyone else seeking more money on their savings — is that there are a lot of high-yield savings options on offer now that don’t require you to join the Apple club to benefit. Savings rates at the biggest banks — which are swimming in deposits — are still well below 1%.
Hoping the AppleSupport savings account is available soon at mint :-/ (so far, only the credit card account is available)
So this is a commercial for apple How much they pay you?