Apple / Goldman Sachs Bank USA
Apple / Goldman Sachs Bank USA Apple Card Savings
By Alex Compton · Last verified
Savings inside the Wallet app — if you hold an Apple Card and accept the Chase handover ahead
Insurance: FDIC insured up to $250,000 through Goldman Sachs Bank USA; JPMorgan Chase is taking over the Apple Card program (deal announced January 2026, roughly two-year transition)
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-11-02 | 3.50% (as of November 2026, up from 3.40%) | $0 | None (requires an Apple Card) | Apple Card Savings page, checked November 2, 2026 →Freshness-rotation reconfirmation: Apple's Apple Card Savings page states 3.50% APY as of 9/23/2026. No change. |
Primary-source verification log
Append-only evidence ledgerEvent-level primary-source attachments begin with the September 2026 verification system. Older records remain visible but are not retroactively presented as evidenced.
Features
- ▸Apple Card required — Daily Cash rewards auto-deposit into Savings
- ▸Lives entirely inside the iPhone Wallet app; no separate login
- ▸Balance cap of $1,000,000; no fees or minimums
- ▸Run by Goldman Sachs today; Chase announced in January 2026 it will take over Apple Card
- ▸Chase reportedly plans its own Apple-branded savings account; Goldman holders won't be auto-migrated
- ▸Rate stair-stepped down from a 4.50% peak through 3.65% and 3.50% to 3.40% by mid-2026, then ticked back up to 3.50% in September 2026
Pros
- +Frictionless Daily Cash sweep makes Apple Card rewards actually compound
- +Zero-effort setup for existing Apple Card holders
- +Rate still beats Ally and Amex despite repeated cuts
Cons
- −Locked to the Apple Card and the Apple ecosystem
- −Steady drumbeat of rate cuts through 2025-2026
- −Goldman-to-Chase transition means terms, and possibly the account itself, will change
Our Take
Apple Savings is the right home for your Daily Cash and a fine secondary stash, but the ground is shifting under it: Goldman is exiting, Chase is inbound with a separate account, and existing balances will face a choose-your-bank moment mid-transition. Sweep your rewards here, keep your serious savings at a stable rate leader, and revisit once the Chase version of the product actually ships.
Best for: Apple Card holders compounding Daily Cash without leaving Wallet
Open at Apple / Goldman Sachs Bank USA →Last verified 2026-11-02
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