Shulou(Shulou.com)11/24 Report--

CTOnews.com, Oct. 13, Apple announced that it will expand its partnership with Goldman Sachs to launch a new Apple Card feature. Apple Card users will be able to automatically deposit their Daily Cash awards into a high-yield savings account at Goldman Sachs without fees, minimum deposits or minimum balance requirements, Apple said in a press release.

Apple said:

Users will be able to easily set and manage savings directly in the Apple Card in their wallets. Once the user has set up a savings account, all future daily cash received will be automatically deposited into the account, or the user can choose to continue to add it to the Apple Cash card in the wallet. Users can change the whereabouts of Daily Cash at any time.

CTOnews.com learned that in addition to depositing Daily Cash directly into a savings account, Apple Card users can also deposit extra money through an associated bank account or Apple Cash balance.

Apple said users can also deposit additional money into their savings accounts through their associated bank accounts or Apple Cash balances.

Users can also transfer funds to their associated bank account or Apple Cash card at any time without charging any fee.

Once set up, Apple Card users can clearly see the growth curve of their awards in Wallet and how their account balances accumulate over time.

Apple has not announced when the feature will be launched, saying only that it will be launched "soon", and Apple has not confirmed the exact percentage of interest on the savings account. As a reference, the current annual return on Goldman's online savings account is 2.15%, while the new savings account will be open only to Apple Card users, including owners and co-owners, on undisclosed terms.

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