Apple Card high-yield savings account by Goldman hits $10B in deposits
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Apple Card's high-yield savings account offered by Goldman Sachs (NYSE:GS) has reached more than $10B in deposits since launching in April, Apple (NASDAQ:AAPL) said on Wednesday.
The savings account offers Apple Card users an APY of 4.15%. Since the launch of the account, 97% of Savings customers chose to have their Daily Cash automatically deposited into their account, the company said.

Goldman Sachs (GS) won the Apple Card account in 2019 when it was seeking to build itself into a consumer finance powerhouse. But since then, it has scaled back its consumer business as its losses rose to the billions.
In June, the Wall Street Journal reported that Goldman (GS) was in talks with American Express (AXP) to take over the Apple Card and other ventures.

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Goldman Sachs' big Q2 miss clouded by consumer, investment writedowns
Apple Card launches 4.15%-yield savings account with Goldman Sachs
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Why Goldman Sachs + Apple + Mastercard Didn't Work Perfectly