Savings account

Just a few things to make sure your iPhone and current Apple Card account are up to date.

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.
• Update to iOS 16.4 or later.
• 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.

Once the above is completed just follow the steps in the support article linked below.

Set up and use Savings in Apple Wallet - Apple Support

Correct, you must have an Apple Card account in good standing to be eligible to open an Apple Savings account.

That’s fairly easy if you’re new to credit. Get a secured credit card from Discover or Bank of America. If you’re a student 18 or over Chase Bank has a great starter card.

Pay your card in full every month and in 6 months you can apply for an Apple Card.

The APR is 4.07% and the APY is 4.15%. Interest is compounded daily and paid monthly on the last day of the month.

Chase may not report theirs, but Discover does and so does Bank of America. I was suggesting seeing if you qualified for Chase student card. They have lower requirements if you’re a student.