Apple Preparing to Launch Apple Card Savings Account
Apple appears to be gearing up to introduce the Daily Cash savings account feature for Apple Card users, as mentions of a Daily Cash Savings account have been found in backend Apple code by Aaronp613.
The appearance of the code indicates that Apple has furthered its work on the savings account, and that it will be introduced in the very near future. Prior to the March 28 launch of Apple Pay Later, references showed up in the code the day before, so there is a chance that the Apple Card savings account could launch as soon as this week.
The code contains the terms of service for the savings account, as well as images that Apple will likely use for the feature in the Wallet app and other locations. It mentions iOS 16.3, but it is not yet clear if iOS 16.3 will be required to sign up for and use an account.
Apple back in October announced plans to introduce a "high-yield" savings account for Apple Card users to store Daily Cash, with all Daily Cash earned automatically deposited into the account. Apple at the time said the savings account would be available "in the coming months," but there has not been an update since then.
Apple Card users can sign up for the savings account through Goldman Sachs, Apple's financial partner for the Apple Card. Like the Apple Card, the savings account will be managed using the Wallet app on iPhone or the Wallet section of the Settings app on the iPad.
While Daily Cash will be automatically deposited in the account once it is created, Apple Card users can opt to change where their Daily Cash is delivered in the future. There are also options for depositing additional money into the savings account through a linked bank account or through an Apple Cash balance. Funds can be withdrawn at any time with no fees or penalties.
Popular Stories
Apple will adopt the same rear chassis manufacturing process for the iPhone SE 4 that it is using for the upcoming standard iPhone 16, claims a new rumor coming out of China. According to the Weibo-based leaker "Fixed Focus Digital," the backplate manufacturing process for the iPhone SE 4 is "exactly the same" as the standard model in Apple's upcoming iPhone 16 lineup, which is expected to...
Apple typically releases its new iPhone series around mid-September, which means we are about two months out from the launch of the iPhone 16. Like the iPhone 15 series, this year's lineup is expected to stick with four models – iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max – although there are plenty of design differences and new features to take into account. To bring ...
A widespread system failure is currently affecting numerous Windows devices globally, causing critical boot failures across various industries, including banks, rail networks, airlines, retailers, broadcasters, healthcare, and many more sectors. The issue, manifesting as a Blue Screen of Death (BSOD), is preventing computers from starting up properly and forcing them into continuous recovery...
Israel-based mobile forensics company Cellebrite is unable to unlock iPhones running iOS 17.4 or later, according to leaked documents verified by 404 Media. The documents provide a rare glimpse into the capabilities of the company's mobile forensics tools and highlight the ongoing security improvements in Apple's latest devices. The leaked "Cellebrite iOS Support Matrix" obtained by 404 Media...
Apple is seemingly planning a rework of the Apple Watch lineup for 2024, according to a range of reports from over the past year. Here's everything we know so far. Apple is expected to continue to offer three different Apple Watch models in five casing sizes, but the various display sizes will allegedly grow by up to 12% and the casings will get taller. Based on all of the latest rumors,...
If you have an old Apple Watch and you're not sure what to do with it, a new product called TinyPod might be the answer. Priced at $79, the TinyPod is a silicone case with a built-in scroll wheel that houses the Apple Watch chassis. When an Apple Watch is placed inside the TinyPod, the click wheel on the case is able to be used to scroll through the Apple Watch interface. The feature works...
