News Summary

• You must have an Apple Card, be a U.S. resident, and be at least 18 years old to open an account.The account allows Apple Card holders to earn interest on their Daily Cash cashback balance, and on funds deposited via a linked bank account or an Apple Cash balance.
• Money can be withdrawn from the Apple Card savings account and switched to a different HYSA at any time.Apple launched its savings account in April 2023, in partnership with Goldman Sachs.
• The account can be opened and managed in the Wallet app on the iPhone, and it has no fees, no minimum deposits, and no minimum balance requirements.
• Balance limits and other requirements vary by provider.There are many other HYSAs not listed in our chart, so be sure to do your research before deciding which option is best suited for you.
• APYs may vary.These rates will continue to increase or decrease over time, often in line with U.S. Federal Reserve rate decisions.
• In any case, balances up to the $250,000 limit are fully insured by the U.S. Federal Deposit Insurance Corporation (FDIC).