The tech-giant based in Cupertino shows once again that it has it all when it comes to app development and cool features! Thanks to Aaronp613 who has discovered references to a Daily Cash Savings account in a backend Apple code, we learn that Apple is actualy getting ready to roll out the Daily Cash savings account feature for Apple Card. Quite impressive how the company wants to take the financial matter into account, right?!
Check out what Aaronp613 posted on Twitter:
Exclusive: Apple's Savings Account appears to be launching soon as it just showed up on the backend! pic.twitter.com/WqdL1tCcxQ
— Aaron (@aaronp613) April 12, 2023
Based on the findings, Apple seems to have advanced the savings account project, and it will be released very soon. There is a probability that the Apple Card savings account may arrive shortly this week, but without any confirmation, it would be better to take everything with a pinch of salt! Such a feature would also be launched after the March 28 launch of Apple Pay Later, which was welcomed by many users.
Apple’s plans to involve more into finances it’s no surprise, though. Back in October 2022, the company revealed its interesting plans to provide Apple Card holders something really useful for their savings account in order to keep Daily Cash. What is Daily Cash anyway?
Well, Daily Cash can be earned automatically and put right into the account. Apple first stated that the savings account would be accessible “in the coming months,” but there hasn’t been any more word until now, which it’s not confirmed.
One of the best things, however, is that Apple’s banking partner for the Apple Card, Goldman Sachs, now offers a savings account to Apple Card holders. So, that means the savings account will be maintained via the Wallet app on an iPhone or the Wallet on an iPad, just like the Apple Card. Additional funds can also be deposited into the savings account via an Apple Cash balance or a connected bank account. Without incurring any fees or penalties, money may be withdrawn at any moment.