Apple is launching a no-fee, high-yield savings account with Goldman Sachs for its credit card customers, underlining the tech giant’s ambitions to offer more financial products to its billion-plus base of iPhone users.
Apple said the high-yield savings account would be available to Apple Card customers “in the coming months”.
“Savings enables Apple Card users to grow their daily cash rewards over time, while also saving for the future,” Jennifer Bailey, vice-president of Apple Pay and Apple Wallet, said in a statement.
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