Apple teams with Goldman Sachs to offer savings accounts to card users

The move builds on the existing credit-card partnership between the two companies. The Wall Street titan has pushed in recent years to expand its offerings for consumers

Apple Inc. and Goldman Sachs Group Inc. will team up to offer savings accounts to users of the tech company’s credit card.
 

“Apple Card users will be able to open the new high-yield savings account and have their daily cash automatically deposited into it  -- with no fees, no minimum deposits and no minimum balance requirements,” Apple said in a statement Thursday. Daily cash refers to the rewards that card users generate through their purchases.

The move builds on the existing credit-card partnership between the two companies. The Wall Street titan has pushed in recent years to expand its offerings