+3.50% APY with no fees or minimum balance requirements
+Daily Cash from Apple Card purchases can auto-deposit and compound
+FDIC insured to $250,000 through Goldman Sachs Bank USA
Cons
−Requires an Apple Card and an iPhone or iPad; no Android or web access
−The APY is variable and may change at any time; maximum balance limits apply
−Apple Card is moving from Goldman Sachs to Chase as issuer (about 24 months from January 2026); Apple says Savings users will continue to have access
At a glance
Rates verified October 21, 2026
The provider's own page dates these rates ; we read the page on the date above.
APY
3.50%
APY note
As of September 23, 2026; variable and may change at any time; maximum balance limits apply (see the Deposit Account Agreement). Requires an Apple Card owner or co-owner to open.
Monthly fee
None
FDIC
Member FDIC via Goldman Sachs Bank USA, $250k
Institution
Goldman Sachs Bank USA (Apple Card issuer is moving to JPMorgan Chase)
the FDIC national savings average of 0.37% (September 21, 2026). On a $10,000 balance that is about $313 more in a year.
Moved up from 3.40% to 3.50%
We re-verify against the issuer's own page when we refresh this listing, and we stamp that date. We do not claim a daily check.
Apple Card Savings account: headline APY on each date it was confirmed to have changed
Date
Headline APY
September 20, 2026
3.40%
September 25, 2026
3.50%
APYs are variable and can change at any time. The FDIC national average is a floor for what an ordinary savings account pays, not a competitor. Named comparisons use each product's last issuer-page check.
Is it worth it?
$350 a year on a $10,000 balance
At 3.50% APY, $10,000 earns about $350 in the first year, versus roughly $37 at the 0.37% FDIC national average (September 21, 2026). That is about $313 more for moving the same money. APY is variable and shown as of the date above.
Savings for Apple Card, usually called the Apple Savings account, is a high yield savings account provided by Goldman Sachs Bank USA and managed entirely inside Apple Wallet on an iPhone or iPad. It pays 3.50% APY as of September 23, 2026, with no fees and no minimum balance requirements. The structural catch: only Apple Card owners and co-owners can open one, so the account is really a perk of the card rather than a standalone product.
The rate is variable: Apple says the APY may change at any time, before or after the account is opened, and that maximum balance limits apply (see the Deposit Account Agreement).
The mechanics are simple. Daily Cash, the cash back from Apple Card purchases, can auto-deposit into Savings, so rewards start compounding without any action on your part. Deposits are FDIC insured up to $250,000 through Goldman Sachs Bank USA, so any balance above that amount is over the insurance limit at this bank. There is no ATM card: money moves by transfer to Apple Cash or to a linked external bank account.
The open question is the ownership transition. In January 2026, Apple and JPMorgan Chase announced that Chase will become the Apple Card issuer, with the move expected to take about 24 months. Savings accounts are currently provided by Goldman Sachs Bank USA, and Apple says Apple Card users will continue to have access to Savings, with details to follow closer to the transition. Terms could change along the way.
Get it if you already carry an Apple Card and want your Daily Cash earning interest with zero friction. Skip it if you use Android or do not have an Apple Card: the account is managed in Apple Wallet on iPhone or iPad and is open only to Apple Card owners and co-owners.
What does the Apple Savings account pay right now?
3.50% APY as of September 23, 2026. The rate is variable and may change at any time, before or after the account is opened.
Do I need an Apple Card to open Apple Savings?
Yes. Only Apple Card owners and co-owners can open a Savings account, and it must be managed in Apple Wallet on an iPhone or iPad running current iOS or iPadOS.
Is Apple Savings FDIC insured?
Yes. Deposits are held at Goldman Sachs Bank USA, Member FDIC, and insured up to $250,000 per depositor. Apple says maximum balance limits apply, so check the Deposit Account Agreement; any amount above $250,000 would exceed FDIC coverage.
What happens when Apple Card moves to JPMorgan Chase?
In January 2026, Apple and JPMorgan Chase announced that Chase will become the Apple Card issuer, with the move expected to take about 24 months. Apple says Apple Card users will continue to have access to Savings, with details to follow closer to the transition. Savings accounts are currently provided by Goldman Sachs Bank USA.
Are there any fees or minimums?
No. Apple states there are no fees or minimum balance requirements.
How do I withdraw money from Apple Savings?
Transfer funds to Apple Cash or to a linked external bank account from the Wallet app. There is no ATM card and no check writing.