Apple launches high-interest savings account paying 4% — but not in Canada

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WNews 1 Min Read

Apple will soon offer users of its eponymous banking service the ability to earn money from their savings in a high-interest account that pays far more than what’s available at conventional banks.

The California based technology giant said Monday that Apple Card customers can sign up for a new account that currently pays out 4.15 per cent annually on any cash in it.

The account itself would be run by U.S. investment bank Goldman Sachs but functionally exist within Apple Card, which Apple launched in 2019.

As it stands, only U.S. residents are eligible for an Apple Card, but Canadians and others around the world do

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