Yes, the Apple High Yield Savings Account is FDIC insured. This article provides information on how to open the account, the interest rate, and how to contact customer service.
If you’re looking for a place to park your money and earn a high-interest rate, you might be considering the Apple High Yield Savings Account. However, before you decide to open an account, you need to know whether your money is safe and secure. So, is the Apple High Yield Savings Account FDIC insured? The answer is yes. In this article, we’ll cover everything you need to know about the Apple High Yield Savings Account, including how to open an account, the interest rate, and how to contact customer service.
What is the Apple High Yield Savings Account?
The Apple High Yield Savings Account is a savings account offered by Goldman Sachs. The account is designed for Apple Card users who want to earn a competitive interest rate on their savings. The account is FDIC insured, which means that your money is protected up to $250,000 in the event of a bank failure.
How to Open an Apple High Yield Savings Account
Be an Apple Card user: You must have an Apple Card to open an Apple High Yield Savings Account.
- Open the Apple Wallet app: Open the Apple Wallet app on your iPhone.
- Access your Apple Card: Find and tap on your Apple Card.
- Set up savings: Look for the option to set up Savings and tap on it.
- Provide personal information: You will be asked to provide your Social Security number or individual taxpayer identification number, as well as a U.S.-based address.
- Complete the account opening process: Follow the prompts to complete the account opening process.
- No fees, no minimum deposits, and no minimum balance requirements: Note that there are no fees, no minimum deposits, and no minimum balance requirements to open the account or earn the APY.
- FDIC insurance: Remember that the account is provided by Goldman Sachs, so all funds in the account are insured by the FDIC.
By following these steps, you can open an Apple High Yield Savings Account and start earning interest on your saving
What is the Interest Rate for the Apple High Yield Savings Account?
The interest rate for the Apple High Yield Savings Account is 4.15% APY (annual percentage yield). The account is provided by Goldman Sachs and requires no minimum deposit or balance. The interest rate is highly competitive compared to the national average APY for savings accounts, which is 0.26%. The account has no minimum balance requirement to meet the APY, unlike some other top-yielding accounts.
How to Contact Apple Customer Service for Questions about the Savings Account
To contact Apple customer service for questions about the savings account, you can call Apple Bank at 800-588-5871 (TDD: 800-824-0710). However, it is important to note that the savings account is provided by Goldman Sachs, so you may also want to contact Goldman Sachs customer service for any account-related inquiries. The Apple savings account is accessible through the Apple Wallet, and users have access to an easy-to-use Savings dashboard in Wallet, where they can conveniently track their account balance and interest earned over time. Additionally, users can withdraw funds at any time through the Savings dashboard by transferring them to a linked bank account or to their Apple Cash.
FAQs
Q: How do I know my money is safe in the Apple High Yield Savings Account?
A: The Apple High Yield Savings Account is FDIC insured, which means that your money is protected up to $250,000 in the event of a bank failure.
Q: Can I open an Apple High Yield Savings Account without an Apple Card?
A: No, you need to be an Apple Card user to open an Apple High Yield Savings Account.
Q: What is the interest rate for the Apple High Yield Savings Account?
A: The interest rate for the Apple High Yield Savings Account is 4.15% APY.
Q: Is there a minimum deposit or balance requirement for the Apple High Yield Savings Account?
A: No, there are no minimum deposit or balance requirements for the Apple High Yield Savings Account.
Conclusion
In conclusion, opening an Apple High Yield Savings Account is a simple process for Apple Card users, and there are no fees or minimum balance requirements to worry about. If you have any questions about the account, you can contact Apple customer service or Goldman Sachs customer service, who will be able to assist you with any queries or concerns you may have. With the convenience of the account accessible through the Apple Wallet and the ability to easily track your savings and interest earned, the Apple High Yield Savings Account may be a great option for those looking to save and grow their money.