According to an official Apple announcement, Apple will soon launch a high-yield savings account in partnership with Goldman Sachs. Users will be able to deposit their Daily Cash rewards directly into savings. Based on how complete the app appears to be and how detailed the announcement is, this savings account should launch in the near future. It looks like Apple is fully committed to expanding further into financial services.
Given current interest rates, if Apple wants to launch a new product in this space, the rate will likely need to be reasonably competitive. After all, it is being positioned as a high-yield savings product.
Multiple ways to save
