Apple Card holders can now open a high-yield savings account with Goldman Sachs that offers a 4.15% interest rate.

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The savings account allows Apple Card holders to deposit their 3% cash back rewards from select purchases and any additional savings they may wish to deposit.

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The Apple savings account is FDIC-insured, providing a safe and secure place to save money.

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The new offering provides a more comprehensive financial-service experience under the Apple umbrella for its customers who use Apple hardware to benefit.

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The new offering provides a more comprehensive financial-service experience under the Apple umbrella for its customers who use Apple hardware to benefit.

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The convenience of having a high-yield savings account for cash rewards may be appealing to Apple Cardholders.

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There are other high-yield savings options available that don't require you to join the Apple club to benefit.

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FDIC-insured online banks offer competitive savings rates that are higher than traditional banks.

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Some banks offer even higher rates for money that is locked up for longer periods, such as a certificate of deposit.

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Apple's 4.15% rate for their savings account is the 11th highest on Bankrate's list, with the highest rate currently offered by UFB Direct at 5.02%.