And just to emphasize it, this only applies to people in the United States.

From: [email protected] <[email protected]> On Behalf Of Alan 
Lemly
Sent: Thursday, April 20, 2023 7:34 AM
To: [email protected]
Subject: Instructions on how to set up Apple Card high-yield savings account

Goldman Sachs Bank which issues the Apple Card began offering a high-yield 
Apple Card savings account yesterday 4/19/23. According to the below website, 
this account is currently paying a 4.15% APR or APY depending on your acronym 
of choice:

https://nr.apple.com/DH9l5p5Ab0

You can read about how any Apple Cash earned with your Apple Card is 
automatically deposited in this account at the above site. I thought the site 
was a bit lax in providing specific instructions on how to set up one of these 
accounts so I’m posting that below:


  1.  Open the Wallet app on your iPhone or iOS device and tap on “Apple Card.”
  2.  Tap the More button, then tap “Daily Cash.”
  3.  Tap “Set Up” next to “Savings,” and follow the onscreen instructions to 
the savings account application.

For those who already have Apple Cards, setting up this account took about 2 
minutes. When following the above instructions, you have to provide your Social 
Security or taxpayer ID number and confirm that you are not subject to IRS 
backup income tax withholding. More than likely, you already have a bank 
account attached to your Apple Card for paying it off and transferring funds 
between this external bank account and the high-yield savings account is very 
easy.

I hope the above information is helpful to anyone interested in this savings 
account.

Alan Lemly
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