Apple Card users are being notified that the maximum balance limit for their Apple Card Savings Account with Goldman Sachs is now $1,000,000. Previously, the maximum balance limit for an account was $250,000, based on Current Balance (including interest and Daily Cash deposits).
Goldman Sachs has also updated its Deposits Account Agreement to reflect the change, effective March 1, 2024.
The maximum balance limit for your Account is $1,000,000, based on your Current Balance (including interest and Daily Cash deposits). We may reject and return any new deposits (other than interest and Daily Cash deposits) if your Current Balance exceeds, or such deposit causes your Current Balance to exceed, the maximum balance limit. You authorize us to return any amount that exceeds the maximum balance limit by check.
Once a Savings account is set up, all future Daily Cash earned by the user will be automatically deposited into the account. The Daily Cash destination can also be changed at any time, and there's no limit on how much Daily Cash users can earn. To build on their savings even further, users can deposit additional funds into their Savings account through a linked bank account, or from their Apple Cash balance.
What you need to open and maintain an account
● Be an owner or co-owner of an active Apple Card account, and add Apple Card to your iPhone.
● iOS 16.4 or later.
● Be at least 18 years or older.
● A social security number or individual taxpayer identification number.
● Be a U.S. resident with a valid, physical U.S. address.
● Two-factor authentication set up for your Apple ID.
You can learn more about the Savings account at the link below...
Read More
Goldman Sachs has also updated its Deposits Account Agreement to reflect the change, effective March 1, 2024.
The maximum balance limit for your Account is $1,000,000, based on your Current Balance (including interest and Daily Cash deposits). We may reject and return any new deposits (other than interest and Daily Cash deposits) if your Current Balance exceeds, or such deposit causes your Current Balance to exceed, the maximum balance limit. You authorize us to return any amount that exceeds the maximum balance limit by check.
Once a Savings account is set up, all future Daily Cash earned by the user will be automatically deposited into the account. The Daily Cash destination can also be changed at any time, and there's no limit on how much Daily Cash users can earn. To build on their savings even further, users can deposit additional funds into their Savings account through a linked bank account, or from their Apple Cash balance.
What you need to open and maintain an account
● Be an owner or co-owner of an active Apple Card account, and add Apple Card to your iPhone.
● iOS 16.4 or later.
● Be at least 18 years or older.
● A social security number or individual taxpayer identification number.
● Be a U.S. resident with a valid, physical U.S. address.
● Two-factor authentication set up for your Apple ID.
You can learn more about the Savings account at the link below...
Read More