Apple Card’s Savings account reaches over $10 billion in deposits

Apple announcing that its Apple Card's high-yield Savings account offered by Goldman Sachs has reached over $10 billion in deposits since launching in April. The key points are:

1. The Savings account offers an APY of 4.15%.
2. 97% of Savings customers choose to have their Daily Cash automatically deposited into their account.
3. There is no limit on how much Daily Cash users can earn.
4. Users can deposit additional funds into their Savings account through a linked bank account or from their Apple Cash balance.
5. Savings accounts are managed by Goldman Sachs and are covered by the FDIC.
6. Apple Card users get cash back on all purchases, with 1% cash rewards by default, 2% for Apple Pay purchases, and 3% for select merchants.
7. Apple aims to reinvent the financial category with a focus on users' financial health.
8. Apple Card's Savings account ranks around 140th in terms of top U.S. banks by deposit total.
9. Users can set up and manage their Savings account directly from the Apple Card in the Wallet app.