Apple Bank is a high-yield savings option offered by Goldman Sachs for Apple Card holders, accessible and manageable directly within the iPhone Wallet app. The product lets users earn interest on Daily Cash rewards automatically deposited into the Savings account and supports additional deposits from linked bank accounts. The business model relies on the interest rate spread between what Goldman Sachs earns on its investments and what it pays to savers. The primary customers are digitally savvy Apple Card users seeking to grow savings through a convenient, Apple-native experience. The goal is to broaden consumer savings by combining Goldman Sachs’ investment capabilities with Apple’s ecosystem, delivering a straightforward, mobile-first savings solution.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
New York
Founded
1863
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?