Apple Delays Daily Cash Savings Account for Apple Card Users

Apple has delayed a new feature that will provide Apple Card users with the option to have their Daily Cash earnings deposited into a high-yield savings account.

Apple Card Savings Account
During the iOS 16.1 beta testing process, the feature was mentioned as a new Wallet app addition in the release notes for the Release Candidate version of the update, but in the notes for the final version of iOS 16.1, the mention is missing.

"Savings account enables ‌Apple Card‌ customers to grow their Daily Cash by depositing it in a high yield savings account," read the RC release notes.

Apple announced plans for the Apple Card savings account in mid-October, and while the company did not provide specific information on a launch date in the announcement other than suggesting it would be available "in the coming months," it was believed that the savings account would launch alongside iOS 16.1 given the mention in the RC notes for the update.

With no sign of the feature in iOS 16.1, it will now be coming at a later date. When Apple does implement the ‌Apple Card‌ savings account, it will have no minimum fees, no minimum deposits, and no minimum balance requirements. Apple will offer the account through ‌Apple Card‌ partner Goldman Sachs, but Apple has not yet said what the interest rate will be.

‌Apple Card‌ users will be able to manage their savings accounts through the Wallet app, and once set up, all Daily Cash will be automatically deposited.

Popular Stories

iOS 18

Apple Releases iOS 18.5 With New Wallpaper, Screen Time Changes, Carrier Satellite Support for iPhone 13 and More

Monday May 12, 2025 10:06 am PDT by
Apple today released iOS 18.5 and iPadOS 18.5, the fifth updates to the iOS 18 and iPadOS 18 operating systems that came out last September. iOS 18.5 and iPadOS 18.5 come a little over a month after Apple released iOS 18.4 and iPadOS 18.4. The new software can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update. The iOS 18.5 update has a...
iPhone 17 Pro Blue Feature Tighter Crop

WSJ: Apple Weighing Price Hikes for iPhone 17 Lineup Without Blaming Tariffs

Monday May 12, 2025 3:36 am PDT by
Apple is considering raising prices for its upcoming iPhone 17 models set to release this fall, according to people familiar with the matter cited by The Wall Street Journal. The company reportedly aims to pair the potential price hikes with new features and design changes to justify the increased cost to consumers, rather than attributing them to U.S. tariffs on goods from China. The...
tvOS 18 Feature

Apple Releases tvOS 18.5

Monday May 12, 2025 10:01 am PDT by
Apple today released tvOS 18.5, the latest version of the tvOS operating system. tvOS 18.5 comes a little over a month after the launch of tvOS 18.4, and it is available for the Apple TV 4K and Apple TV HD models. tvOS 18.5 can be downloaded using the Settings app on the ‌Apple TV‌. Open up Settings and go to System > Software Update to get the new software. ‌Apple TV‌ owners who have...
macOS Sequoia Feature

Apple Releases macOS Sequoia 15.5

Monday May 12, 2025 10:10 am PDT by
Apple today released macOS Sequoia 15.5, the fifth major update to the macOS Sequoia operating system that launched last September. macOS Sequoia 15.5 comes a little over a month after the launch of macOS Sequoia 15.4. Mac users can download the ‌‌‌macOS Sequoia 15.5‌‌‌ update through the Software Update section of System Settings. It is available for free on all Macs able to run ...
iOS 18

iOS 18.5 Expected This Week With These New Features

Monday May 12, 2025 7:20 am PDT by
Following more than a month of beta testing, Apple is expected to release iOS 18.5 to the general public this week. While the software update is relatively minor, it still includes a handful of new features and changes for iPhones. Below, we recap everything new in iOS 18.5. Pride Wallpaper Apple recently announced its 2025 Pride Collection, including a new Apple Watch band, watch face,...
Apple Logo Spotlight Blue

Report: Apple Preparing to Launch Mind-Control Support for iPhones

Tuesday May 13, 2025 6:18 am PDT by
Apple is planning to allow users to natively control iPhones, iPads, and other devices using brain signals later this year, The Wall Street Journal reports. The initiative involves a partnership with Synchron, a neurotechnology startup that produces an implantable brain-computer interface (BCI) device called the Stentrode. The Stentrode enables users with severe motor impairments, such as...

Top Rated Comments

sniffies Avatar
33 months ago
This is the one feature I looked forward to in iOS 16.1
Score: 22 Votes (Like | Disagree)
dantracht Avatar
33 months ago
Story of apple recently. Announce features and then delay them and delay them and delay them.
Score: 15 Votes (Like | Disagree)
mansplains Avatar
33 months ago
They had to delay the feature since the UI mockups didn't include spaces for ads.
Score: 13 Votes (Like | Disagree)
TheYayAreaLiving ?️ Avatar
33 months ago
Dang! I was ready to save up my money. Now what do I do? ?
Score: 13 Votes (Like | Disagree)
BF1M Avatar
33 months ago
Of ****ing course. The one feature worth being excited about and least likely to be screwed up at launch…
Score: 11 Votes (Like | Disagree)
BF1M Avatar
33 months ago

Delay features and benefits; expedite price hikes. Nice.
Nice and on brand. It's the Apple we keep trying to convince ourselves isn't the real Apple. This is them now. An endless stream of "updated" hardware, rising prices and half assed software updates.
Score: 10 Votes (Like | Disagree)