Apple Card launches 4.15%-yield savings account with Goldman Sachs
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Apple (NASDAQ:AAPL) has rolled out an Apple Card high-yield savings account from Goldman Sachs (NYSE:GS), the company said in a release dated Monday.
The account, which has no fees, no minimum deposits and no minimum balance requirements, offers an annual percentage yield of 4.15%, compared with the average U.S. savings deposit rate of just 0.37% as of March 20.

The move puts Apple (AAPL) in direct competition with smaller fintech firms that have offered high-yield accounts in the wake of rising interest rates, including Robinhood Markets (HOOD).
The company initially partnered with Goldman (GS) in 2019 to launch the Apple Card. Plans to introduce the high-yield savings account dated back to October 2020.