Clarification regarding new Apple Card Savings account and FDIC insurance

This might be a silly and redundant question but I was wondering if people could help clarify how exactly FDIC insurance would work for these new accounts. For example, the limit is $250,000 for them and the current APY is 4.15% but it is also stated that these accounts are provided by Goldman Sachs. So if I were to have a Marcus online high yield savings account (with a current APY of 3.90%), with $250,000 in it, would all $500,000 be ensured as they are considered two separate products or would only $250,000 be insured as they both are under the Goldman brand?

Posted on Apr 18, 2023 7:35 AM

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Clarification regarding new Apple Card Savings account and FDIC insurance

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