5%Inflation at like 12-15% so this ain’t shyt.
How to set up Savings
When opening Savings, you'll be asked if you want to transfer funds from your Apple Cash balance to your new account to start earning interest on that money. If you don't want to transfer your Apple Cash balance, just tap the Close button
- On your iPhone, open the Wallet app and tap Apple Card.
- Tap the More button
, then tap Daily Cash.- Tap Set Up next to Savings, then follow the onscreen instructions.
. If you want to transfer funds, tap Transfer Your Apple Cash and follow the onscreen instructions.
If you have any Daily Cash available to redeem as an Apple Card statement credit, that Daily Cash will be transferred to your new Savings account when you set up Savings.
If your Apple Card account is restricted or locked, you may not be able to open a Savings account. If your Apple Cash or Savings account is restricted or locked, you may not be able to transfer money to or from Savings. To access your funds, you'll need to contact a Savings Support Specialist.
I was thinking about signing up with them a few months ago, but I read a lot of bad reviews about them
I got some CD's recently. didn't see anything approaching 5%.
that is good for a savings. i have my emergency savings in ally and get 3.75%. i just don't like having to sign up for their credit card. i checked it out and the rewards program isn't that good compared to other options.
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that is smart.I only use my apple card for the categories that pay 3% (nike/apple/panera/walgreens), cuz I have a BOA visa card that pays me 2.625% on EVERY purchase outright, so I use that on damn near everything other groceries, which my BOA mastercard pays 3.25% on and online shopping which BOA mastercard pays me 5.25% on. I use my costco citibank visa to buy all my gas at 4% and all my travel and restaurant purchases at 3%.
I actually have a hack with my BOA mastercard that allows me to get 5.25% cash on walmart, target and apple purchases. when u buy them using your phone app, it counts it as an online purchase even if u are at the store using the app.
ThisGood look for those that don’t already have something similar.
Show me your calculationOfficially, but the number is bullshyt.