Odaily Planet Daily News Apple said that its Apple Card savings account is now available to users with an annual yield of 4.15%. There is no minimum deposit or balance requirement for this account, and users can set up their account through the Wallet app on the iPhone. According to reports, Apple launched this savings account through Goldman Sachs. Jennifer Bailey, vice president of Apple Pay and Apple Wallet, said: "This savings account helps our users get more value from their favorite Apple Card benefit, Daily Cash, while also providing them with an easy way to save money every day." CNBC said that Daily Cash is Apple Card's rewards program that provides up to 3% shopping rebate. After setting up the account, all daily cash earned by users in the future can be automatically deposited into the account. Apple's website states that users can change the location of daily cash at any time, and users can also deposit additional funds into this savings account through linked bank accounts. In addition, users can manage their savings accounts through the dashboard that appears in the Wallet app to track their account balances and interest earned over time. According to the Federal Deposit Insurance Corporation (FDIC), the national average annual interest rate for savings accounts is only 0.35%, so Apple's 4.15% is quite impressive by comparison. For comparison, CIT Bank's savings account only offers an annual interest rate of 4.75% when the customer deposits a minimum balance of 5,000 yuan. Goldman Sachs Marcus has an annual interest rate of 3.9% without a minimum balance or monthly fees. Capital One's savings account has an annual interest rate of only 3.5% without a minimum balance. (CNBC)