Apple Card Savings Account Launching 2023

The presence of the code indicates that Apple has made progress on the savings account and that it will be released in the near future. Prior to the March 28 launch of Apple Pay Later, references appeared in the code the day before, so it is possible that the Apple Card savings account could be released as early as this week.

The code contains the savings account’s terms of service as well as images that Apple will presumably use for the feature in the Wallet app and elsewhere. It mentions iOS 16.3, but it is not yet obvious whether iOS 16.3 will be required for account creation and use.

Apple is getting ready to introduce an Apple Card savings account.

Apple announced plans in October to introduce a “high-yield” savings account for Apple Card users to store Daily Cash, with all Daily Cash automatically deposited into the account. Apple previously stated that the savings account would be available “in the coming months,” but no updates have been provided since then.

Apple Is Introducing a New Way to Save Money With Its Apple Card

Apple Cardholders can sign up for the savings account through Goldman Sachs, the Apple Card’s financial partner. Similar to the Apple Card, the savings account will be administered through the Wallet app on iPhone and the Wallet section of the Settings app on iPad.

Daily Cash will be automatically deposited into the account once it is created, but Apple Card users can choose to alter the delivery method at a later date. Additional funds can be deposited into the savings account via a linked bank account or Apple Cash balance. At any time, funds may be withdrawn without incurring any fees or penalties.

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