Apple today announced that its high-interest savings account for Apple Card has topped over $10 billion in deposits. Early indicators suggested that the savings account was a hit, and today Apple has given us firm official numbers to back that up.
The savings account launched in April, available to all Apple Card customers in the United States, in partnership with Goldman Sachs. The account offers a highly-competitive 4.15% interest rate.
Apple Card launched in 2019 as a way to offer a simple, financially responsible, and private, credit card. Unlike most other credit cards on the market, Apple Card has no membership fees, late fees, or other hidden costs associated with using the account. As long as you pay off your balance each month, you can use the card for free.
Source: 9to5Mac
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