To the best fo my knowledge no. You could open up a High Yield Apple Savings account and have all your Daily Cash and other funds deposited into Apple Savings account earning 4.15% APY rather than nothing in your Apple Cash account. The instant transfers would make your Apple Cash account show $0 all the tine.
To the best fo my knowledge no. You could open up a High Yield Apple Savings account and have all your Daily Cash and other funds deposited into Apple Savings account earning 4.15% APY rather than nothing in your Apple Cash account. The instant transfers would make your Apple Cash account show $0 all the tine.
Thanks...I thought I'd set it up, but must've screwed up. Found a youtube link to help set it up
Thanks for the quick reply. It's my understanding that the funds are IN the savings account and show up on my iPhone. The only transfer option I see is to my regular bank account.
Please let me know if I'm misguided.
You would have to open a new Apple Savings account. Here is the link to learn more about the product.
Apple Card’s new high-yield Savings account is now available, offering a 4.15 percent APY - Apple
Let’s start with the basics and continue to the application for Apple Savings Account. Updating your iPhone to iOS 16.4.1 or higher is necessary or the application links will not appear. Link to update is below.
What you need to open and maintain an account
- Be an owner or co-owner of an active Apple Card account and add Apple Card to your iPhone.
- Be at least 18 years or older.
- Have a social security number or individual taxpayer identification number.
- Be a U.S. resident with a valid, physical U.S. address.
- Set up two-factor authentication for your Apple ID and update to the latest version of iOS.
- Apply within US
- Apple Cash Account must be verified
iPhone must be updated to latest version of iOS, 16.4.1, this requires an iPhone 8 or higher.
Update your iPhone or iPad - Apple Support
iPhone must be updated or you can’t apply. Your Apple Cash account must be verified to transfer funds from Apple Cash account.
Identity verification for Apple Card or Apple Cash - Apple Support
Once you’ve checked and verified the above requirements, you can apply for Apple Savings Account by following the steps in this support article.
Set up and use Savings in Apple Wallet - Apple Support
Please do not confuse Settings app for Wallet app! The Wallet app is where you start to navigate to for approval for Apple Savings account.
If you experience issues, please let us know by adding a comment to your post.
On the wallet app, my Cash balance is showing. I would like this to be private (unless I click on the card). Is there any way to do this?