Apple and Goldman Sachs Team Up to Launch a New Savings Account

source: Business League Apple has partnered with Goldman Sachs to launch a new savings account that offers a variety of features aimed at helping users grow their money. The account, called "Apple Daily Cash Grow," is part of the company's broader push into financial services.

What is Apple Daily Cash Grow?

Apple Daily Cash Grow is a savings account that offers users daily cash rewards based on their spending habits. Users can earn up to 3% cashback on eligible purchases made with their Apple Card, which is linked to the account. The account also offers a high-yield interest rate of 2.5%, which is significantly higher than the national average for savings accounts. Additionally, there are no fees or minimum balance requirements, making it accessible to users of all income levels.

How Does it Work?

To open an Apple Daily Cash Grow account, users must have an Apple Card and be enrolled in the company's Daily Cash rewards program. Once enrolled, users can opt-in to the savings account feature and begin earning cashback and interest on their savings. Users can set up automatic transfers from their checking account to their Apple Daily Cash Grow account, allowing them to save money without having to think about it. The account also offers a variety of tools and features aimed at helping users track their spending and saving habits. [caption id="attachment_155368" align="aligncenter" width="1024"] source: Voonze[/caption]

What Are the Benefits?

Apple Daily Cash Grow offers a variety of benefits for users, including a high-yield interest rate, daily cash rewards, and no fees or minimum balance requirements. Additionally, the account is integrated with Apple's ecosystem, allowing users to easily manage their finances from their Apple devices. The account also offers a range of tools and features aimed at helping users save money, including spending trackers, savings goals, and personalized financial advice. Also read: Strava and Spotify Collaborate to Enhance Fitness Experience Apple Daily Cash Grow represents a new direction for the company as it continues to expand into financial services. The account's high-yield interest rate and cashback rewards make it an attractive option for users looking to grow their money, while the integration with Apple's ecosystem makes it easy to manage finances from a single platform. Overall, Apple Daily Cash Grow is a promising addition to the company's growing suite of financial services.