Apple Card UI spawns a new Savings facility
Summary
The new account type, which will apparently be maintained by Goldman Sachs, has been promised "high-yield" growth, although the Cupertino giant has yet to specify the rate of interest involved. Apple Card owners or co-owners should be able to set one of these new accounts, issued by Goldman Sachs Bank USA, under their name. Their Daily Cash (or cashback, paid at 1-3% depending on what is bought) will then automatically be shunted into the resulting account unless the holder turns this setting off in the app. Users can also add more of their existing funds to their Apple Savings from any other bank they use, so long as they can link the 2 accounts in question in the app. Apple Savings is depicted as built directly into the OEMs Wallet app, meaning that a user may not need one of its fancy physical Cards to use the service.
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