Apple-Goldman Sachs, agreement to offer high-yield savings accounts – Corriere.it
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Apple launches a new initiative on the financial services front. After Apple Pay, loan systems and credit cards, now the Cupertino giant has announced an agreement with Goldman Sachs under which the figures obtained by users on their Apple Cards with the Daily Cash can be deposited on high-paying accounts. yield. Essentially, Apple Card users will be able to create and manage savings accounts directly in their iPhone’s Wallet app, the company said.
The launch in the coming months
The new feature will be activated in the coming months and does not provide for minimum deposit thresholds or commissions. Once the savings account has been set up, Apple Card users will be able to choose whether to merge the Daily Cash payments, which derive from a percentage of purchases made on certain chains or products, in the cash of the Wallet or on the deposit / savings account. And by linking a bank account to the whole, they will be able to make further contributions to the Apple savings account.
What is the Daily cash
Every time a purchase is made with an Apple Card, the Apple credit card returns the user a cashback, or a refund of the expenditure made, which can be up to 3% of the cost. The ability to recover cashback and deposit it into a linked bank account that has been in operation for three years. Now, thanks to the new agreement, Apple Card holders will be able to open a high-yield savings account with Goldman Sachs.
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