I do not have the option for savings in the “more” section?

Please update your iPhone to latest iOS 16.4.1 or higher.

Update iOS on iPhone - Apple Support

Then do a forced restart

Force restart iPhone - Apple Support

Lastly, follow the steps in this article to add your Apple Savings account.

Set up and use Savings in Apple Wallet - Apple Support

Hi there,

Please check whether you meet all the following requirements or not:

• 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.7
• Set up two-factor authentication for your Apple ID and update to the latest version of iOS.