Goldman Sachs updates terms hint at Apple Card savings account feature coming soon

Original title: Automatically save money for you every day, Goldman Sachs updated the terms to suggest that the Apple Card savings account function will be launched soon

IT House News on December 3, Goldman Sachs (Goldman Sachs) updated the Apple Card customer agreement this week, and the revised terms mainly involve the upcoming Daily Cash savings account function. This feature was originally scheduled to go live with the iOS 16.1 update, but it was delayed for some reason.

“In order to add new features such as stored value to Daily Cash, we have updated the Daily Cash related content in the terms of the Apple Card Customer Agreement,” Goldman Sachs wrote in an email to Apple Card users this week.

With this savings feature, U.S. Apple Card customers can automatically deposit their Daily Cash rewards into a high-yield savings account at Goldman Sachs with no fees, minimum deposits or minimum balance requirements.

Apple says:

Users will be able to easily set up and manage savings directly on the Apple Card in their Wallet. Once a user establishes a savings account, all future Daily Cash receipts will automatically be deposited into the account, or users can choose to continue adding it to their Apple Cash card in Wallet. Users can change where Daily Cash goes at any time.