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Apple launches high-yield saving account for customers

Apple on Monday launched its high-yield savings account with Goldman Sachs Group that offers Apple Card users an annual percentage yield of 4.15%.

Apple said there are no fees, no minimum deposits and no minimum balance requirements for the savings account, and users can set their account up and manage their savings directly from Apple Card in the Wallet app.

“Our goal is to build tools that help users lead healthier financial lives,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet.

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Apple said last year it was forging a partnership with Goldman Sachs to eventually offer high-yield savings accounts to Apple Card holders.

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