Apple Card Savings Account! How to Setup, Add Funds, & Withdraw Cash!
ฝัง
- เผยแพร่เมื่อ 5 มิ.ย. 2024
- High-yield Apple savings accounts are now available for Apple Card users. Here is how to set it up, access them, how to move money from your Apple Cash to your savings account, how to access your savings account number, and more.
Chapters ➡
0:00 Intro
0:32 How to Open an Apple Savings Account
2:05 How to Use Your Apple Savings Account
3:15 Access Your Apple Savings Account Number
3:31 Switch Between Apple Cash & Apple Savings Account
3:52 Apple Savings Summary
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Make sure you’re on the latest iOS or you will not see the option
Was lookin for this! Thank you
I do have and doesn’t show for me! Marybeth because I’m beta tester?
Thanks Ryan!
thank you lmao i was wondering why i could not find this
you resolved our puzzle. thank you!
Do you know if this new Apple Savings can be linked/connected to Mint? thanks a bunch!
I had resisted using Apple pay until the card and savings account came out and now, I love it for the rewards and the Apple savings high interest with the daily cash. Also, high on the pros is the fact that I can monitor my spending on a daily basis on my phone instead of getting the "news" of my balance at the end of the month. It is very helpful to help budget the spending.
Great idea, but nothing works as described. For example, what 3 dots? Not in current OS16.4.1. I found another way to set up, but it doesn't show under Apple Card portion of Wallet. Where is it? I've tapped everything! Tech people are always so sure everything works as described - almost never my experience. What else should we know?
What charging stand is that, that your using in the video?
Can it be done on ipad?
Can you share the account with a family member like you can with the credit line?
The apr is only for apple cash or if we add money from bank account to this apple saving account did they gonna give me same apr for that money
This is great only thing is if you’re in a pinch and need to transfer money from here to your external checking fast, it takes 1-3 business days. Only thing stopping me.
i can not transfer money out of apple saving account. it has been 5 days after saving. is it supposed not to withdraw or i need to wait longer time ?
the interest can change?
Will this ever come to Europe?
Is there an option to auto save weekly from my reg back account?
Great content,how to send apple cash to saving account?
I dont have that savings option
When available in Canada?
My daily cash screen doesn't show the "Daily Cash Election" ... it is just not there. How do I get it to show that?
Can you have a savings account on apple wallet without interest?
How about beneficiary
I like the double double dipping. been using the apple card since it was offered but never as a debit card…now I will give it a try thanks for the tip
My daily cash balance didn't move to the Savings account. How do I move it from Daily Cash to Savings?
Love it!
Yeah, I really like this idea. The only drawback is I want to share a savings account with my spouse. I want them to be able to access it as needed just like my normal savings account.
The option to automatically transfer from my Daily Cash to Savings never appeared like in the video. How else can I do this?
Yeah, my exact question.
@@Ryan-iq2zd thanks
@@user-zg5vr8cv6i you’re welcome…
I was a victim of Identity Theft many years ago and never put SS number out. I only have one credit/debit card. Will admit this could be interesting.
Thanks, I couldn't quite figure out how to set it up. I hit the ellipses, but stopped there. I'm a dummy!
STUNNINGLY, almost $700 was transferred to my account from daily cash. I guess I was never using it? I don't understand that part, but am obviously happy.
Opened my savings account but it didn’t prompt me to add my Apple Cash to it🤔🤷♂️. Any idea how to fix that
I’m trying to transfer back my money from Apple saving to my bank account it’s not letting me
Add more stores/retailers and Apple Pay...
Can you deposit a check? I don’t think so.
Thank you
Congratulations!!
I’ve been an Apple Card customer and fan since November 2021 and this will be a great perk for all of us "Apple sheep" (as Drew of Tailosive Tech would say) and Apple Card customers, including myself.
That being said, Apple should really separate the credit card and savings account application in the future so that more people will sign up for their HYSA (high-yield savings account). Most people won’t go into debt (eg opening a brand-new credit card account) just to open a savings account and some people (eg Dave Ramsey fans) really hate the idea of being in any type of debt (the vast majority of us should be).
That’s the point of the savings account, to convince people to apply for the credit card. And you really don’t have go to in debt if you pay your bills monthly 🤷🏻♂️
how would apple make money that way?
Opening the credit card is definitely holding me back. Do you mind if I ask/ is it still considered debt if you simply don’t use the card? Because there’s no fees to the card, does it matter if I just let the card sit and never use it? - appreciate opinions !
@@trevor_corey8037 only debt if you use it. having more lines of credit are good, so then spending money on them doesn't hurt you as much. you want to be under 30% usage of your total credit as I understand.
@@trevor_corey8037 Also, just getting the card and barely using it or letting it sit might still overall help your score by increasing your available credit. However, I would try and leverage the rewards where they are relevant, as noted in my soap box rant, pay that balance down every month so goldmans sacchs can suck the egg on the profit they're hoping to make off you.
Very Informative video. I Successfully Created Apple Saving Account, How Do I Make Additional Transfer Of Funds From Apple Cash To Apple Saving? ( I Have A Very Heathy Balance In My Apple Cash) Thank You😎
What is showing on your screen is not showing on mine. I don’t have the option of adding the savings account.
How’d you fix this?
Is the savings account only available once you have purchased something with the credit card?
I set mine up last evening, and have not seen the savings account pop up yet in my Daily Cash. However, I just purchased a book with the card. Will the savings account pop up once the payment is no longer "pending?"
Make sure you are on the latest software update - 16.4.1
So e have to buy something in order to get the savings?
@@admw12 I don’t believe so. You just have to apply for the card. You don’t have to purchase anything on the card. You can have zero balance. But there are incentives for you to use the card, as they will give you Daily Cash on purchases.
@@admw12 yes your Daily Cash is earned from purchases. That is what will go to the savings. You can also put money in the savings. I assume that can be done by connected bank accounts.
@@tinamickles3562 Yes this can be done by connected bank accounts. Very easy.
So, I have an Apple Card. I have not used it yet, so I don’t have any Daily Cash yet. Do I need to have Daily Cash to have the Savings Account option appear in my Apple Card section in the Wallet? I’m confused why I don’t have it and I’m on the latest iOS.
I don't have the option either but I have daily cash, and I know for a fact you can just transfer money over from a regular bank account, Im not sure if apple just decided we weren't worthy, or if its just a slow rollout.
All in 🤑
That option is not there
Great but my only complaint is that transfer from your bank to Apple savings account takes over a week, just ridiculous.
Why wont it let me withdraw money
Can you direct deposit your paycheck to it?
No.
@A S: The savings account comes with a routing and account number. You should be able to accept direct deposit there. Or you could also setup automatic external transfers in your banking app/website to push that money to your apple savings (using the afore mentioned routing/acct numbers) automatically on every X day of the month, etc. To see the routing/account #: tap the 3 dots "..." in "Apple Savings" > "Account Details" > "Routing & Account Numbers"
How much time did it take YOU to read all those agreements before YOU pressed the agree button?
4 mins
I love this new feature! I use the Apple Card as my primary credit card so it makes perfect sense to use this to get, as you say, rewards for your rewards.
I may deposit additional money as well to get better interest on savings that aren’t earning nearly as much in another account.
I got more interest from Apple savings in 15 days than Wells Fargo paid me in a year! I would definitely recommend Apple savings, it's super easy to setup and and easy move money in and out.
@@kevcrid I love it already and it will pay me more interest, as long as the rate holds, than my other savings account, too. 😍
M1 has entered the chat
I don’t even see “Savings” option after click those 3 dots.
update IOS
@@Yoshee717 thank you, saving account set now.
Apple Card is not even available in Europe I think. At least not in the Netherlands:(
So why are you even watching?
What if my screen doesn’t have Daily Cash election as a choice?
I can’t transfer my Apple Cash to my Apple savings account.
Update to the latest iOS
@@ryanbane I’m up to date. I had to transfer to my bank account then transfer back to my Apple savings account.
Same, it will only let me use my bank account not the Apple cash...
Took the chance lol free money tho🙏🏼
I just opened one
It's a great idea... but all of my spare money seems to immediately end up buying music gear. Sigh...
How many takes did that card toss take? 😂
Glad i didn't jump on this band wagon. Hearing folks are having massive problems accessing their funds and making transfers to other banks. Some are even claiming it took them 3 weeks to complete transfers or withdrawals.
nice option but ONLY after you pay off your monthly balance or you're losing money with interest rate on your balance.
Elaborate more
@@matthewjacobs4882 if you keep a credit card balance, the money you're making with the savings account won't outpace the interest you're paying on your credit card
@@ld3534 ok but you dont have to have a balance on cc to have the savings account so i dont see the connection?
So cringe that a savings account is only accessible/manageable by purchasing a iPhone that supports latest iOS. But if you are in on the ecosystem cool, but still Apple has confirmed future orders of iPhones, because they know exactly how many iPhone 8 (the oldest phone currently supported) users there are with Apple Card, and when they drop support for the 8, those users, if they want their savings, will have to buy a new phone... I think that is why 4.15% is offered, the bank knows Apple will be good on future sales.
👍🏻
t's been 2 days since I deposited money and I haven't earned any interest yet....has anyone gotten interest on their apple savings yet?
Same here. Did you transfer from bank? Mine still isn’t showing on available balance.
I think the interest is paid out at the end of each month from what I’ve read. Even so, it’s compounding even before the first interest payout.
@@WK-rp1yh Yes, I transferred from my bank. The balance showed up right away in my apple savings.
@@Stuke51 Yes, that is correct. Apple says "Interest is compounded daily and paid at the end of the month". I was under the impression that we could view the daily interest but won't be able to get awarded until the end of the month. Similar to the Amazon prime card, where you can see your points accrued but can only redeem at the end of the billing cycle. I guess we'll find out soon.
@@xpradaGx Yes, same for me however it only updated the current balance. My available balance is still $0 so I can’t withdraw anything. Is that the case for you? I use chase.
another slaving feature, invest instead of saving!
I don't disagree that investing has higher yields than saving but this will come in handy for emergency cash rather than holding in a checking account. The investing I'm assuming your alluding to could be more risky and less liquid.
how about invest most and save a little? that seems to be a healthy balance. can't invest 100% of everything, you may lose it all!
@@infinite_vortex It's all relative to your risk tolerance so have at it!
Investing is good. Still gotta have liquidity on hand however, and this APY is the closest thing to offset inflation risk-free.