Apple joins Goldman Sachs to launch high-yield savings accounts for users

In a bid to offer more banking services to its users, Apple has partnered with Goldman Sachs to launch a new savings account feature for its Apple Card credit cardholders.

Apple Card users will be able to grow their rewards in Apple Wallet by automatically depositing their Daily Cash into a new high-yield savings account from Goldman Sachs.

In the coming months, Apple Card users will be able to open the new high-yield Savings account and have their Daily Cash automatically deposited into it with no fees, no minimum deposits, and no minimum balance requirements, said the tech giant.