Unlocking the Benefits of Apple Savings Account in 2023

Apple Introduces Savings Account with 4.15% Interest Rate

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In a statement, Jennifer Bailey, Vice President of Apple Pay and Apple Wallet, expressed the company's aim to create tools that promote healthier financial habits among users.

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Any newly earned Daily Cash will be automatically deposited into the savings account, unless the user chooses to direct it elsewhere, according to Apple.

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Users will also have the option to transfer funds from their linked bank account to the savings account.

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