Where to find Apple Savings Account information

Apple Savings Account is offered through Goldman Sachs and is built into the Wallet app on your iPhone. You won't find it on a separate website or through a bank branch — the entire account lives in your phone. To see if it's available to you, open Wallet, tap the plus sign in the upper right corner, and look for "Apple Savings Account" in the list of cards you can add. If you don't see it, scroll down and tap "See All" to find it.

The account shows up in Wallet only if you're in the United States, have an may be able to access iPhone (iPhone XS or newer), and are running the current version of iOS. If you meet those requirements but still don't see the option, your device may need a software update. Go to Settings > General > Software Update and install any available updates, then check Wallet again.

You can also learn about Apple Savings Account through Apple's official website by searching "Apple Savings Account" or visiting apple.com/wallet. This page explains the account features, current interest rates, and what documents you'll need to open one. The rate changes periodically, so checking the official page gives you the most current information before you start the process.

Key Takeaways

  • Apple Savings Account is accessed through the Wallet app on your iPhone, not through a separate website or bank.
  • You need an iPhone XS or newer, the latest iOS version, and a U.S. address to open an account.
  • The account is backed by Goldman Sachs and FDIC-insured up to $250,000.
  • The entire setup process happens in the Wallet app and takes about 10 to 15 minutes once you start.
  • You can check the current interest rate on Apple's official website before opening an account.

What you need before you start

Before you open Apple Savings Account, gather a valid government-issued ID, your Social Security number, and proof of your current address. The ID can be a driver's license, passport, or state ID card. The address proof can be a recent utility bill, lease agreement, or bank statement — anything dated within the last 90 days that shows your name and current address.

You'll also need a valid phone number and email address associated with your Apple ID. Make sure both are current and that you have access to them, because Apple will send verification codes to both during setup. If you've recently changed your phone number or email, update your Apple ID settings first by going to Settings > [Your Name] > Password & Security.

Have your banking information ready if you want to link an external bank account for transfers. You'll need your routing number and account number, which you can find on a check or by logging into your bank's website. This step is optional — you can fund the account later — but having it ready speeds up the process.

Step-by-step setup in the Wallet app

Open Wallet on your iPhone and tap the plus sign in the upper right corner. Scroll through the available cards until you find "Apple Savings Account," then tap it. You'll see an overview of the account features and current interest rate. Tap "Continue" to move to the next screen.

Enter your personal information: full name, date of birth, and current address. Apple will verify this information against public records, so make sure everything matches exactly as it appears on your ID. If you have a middle initial on your ID, include it. If your address has a unit number, include that too.

Next, you'll enter your Social Security number and answer identity verification questions. These questions are based on your credit history and public records — for example, "Which of these addresses have you lived at?" or "Which of these is your mother's maiden name?" Answer based on your actual history, not what you think the answer should be. If you answer incorrectly, the system will ask you to try again or may ask for additional verification.

Once identity verification passes, you'll review the account terms and sign electronically. Read through the terms — they explain FDIC insurance limits, how interest is calculated, and what happens if you close the account. Tap to agree, and your account opens immediately. You can start using it right away, though transfers from external banks may take one to two business days to arrive.

Troubleshooting if the account doesn't appear

If you don't see Apple Savings Account in Wallet, the most common reason is that your iPhone model is too old. The account requires iPhone XS or newer. If you have an older model, you won't be able to open this account on that device. Check your iPhone model by going to Settings > General > About and looking at the model name.

If your iPhone is new enough, check your iOS version. Go to Settings > General > Software Update and install any available updates. Apple Savings Account sometimes rolls out gradually, so an outdated iOS version can delay when it appears for you. After updating, close Wallet completely (swipe up from the bottom of the screen) and reopen it.

Location also matters. Apple Savings Account is only available to people with a U.S. address. If you're outside the United States or your address on file is international, you won't see the option. Update your address in Settings > [Your Name] > Name, Phone Numbers, Email if you've recently moved to the U.S.

If you've checked all of these and still don't see the account, contact Apple Support through the Wallet app by tapping the question mark icon, or call Apple Support directly. They can tell you whether your account is may be able to access and whether there's a technical issue preventing it from showing up.

Understanding the account features before you open it

Apple Savings Account earns interest on your balance, with the rate set by Goldman Sachs and displayed in Wallet. The rate changes over time based on market conditions, so check the current rate in Wallet or on Apple's website before opening. Interest is calculated daily and deposited monthly into your account.

Your deposits are FDIC-insured up to $250,000, which means your money is protected even if Goldman Sachs fails. This is the same protection that regular bank savings accounts have. If you have multiple accounts at Goldman Sachs, the $250,000 limit applies across all of them combined, not per account.

There are no monthly fees, no minimum balance requirement, and no limit on how many times you can deposit or withdraw. You can move money in and out whenever you want. Transfers from external banks take one to two business days, while transfers to external banks usually arrive within one to three business days.

Moving money in and out of your account

Once your account is open, you can add money by tapping the account in Wallet and selecting "Add Money." You can transfer from a linked bank account, or if you have an Apple Card, you can transfer your Daily Cash rewards directly into the savings account. Transfers from external banks are free and take one to two business days.

To withdraw money, tap the account and select "Transfer to Bank." Choose the external bank account you want to send money to, enter the amount, and confirm. The transfer usually takes one to three business days. You can set up multiple external bank accounts in Wallet if you want to transfer to different places.

If you don't have an external bank account linked yet, you can add one anytime. Go to Wallet > Apple Savings Account > tap the three dots > Linked Accounts > Add Bank Account. You'll need your routing number and account number. Once linked, that account appears as an option for transfers.

Frequently Asked Questions

Can I open Apple Savings Account on an Android phone?

No. Apple Savings Account only works on iPhone XS or newer because it's built into Apple's Wallet app. There is no Android version. If you use an Android phone, you cannot open this account.

What happens to my money if I close the account?

When you close the account, any balance in it is transferred to the external bank account you specify. The transfer takes one to three business days. You can close the account anytime through Wallet by tapping the account, selecting the three dots menu, and choosing "Close Account."

Is there a limit to how much I can deposit?

There's no daily or monthly deposit limit, but FDIC insurance only covers up to $250,000 total. If you deposit more than that, the amount over $250,000 is not insured. You can still hold more than $250,000 in the account, but only the first $250,000 is protected.

Can I use Apple Savings Account if I don't have an Apple Card?

Yes. You don't need an Apple Card to open or use Apple Savings Account. You can fund it from any linked external bank account. An Apple Card just gives you the option to transfer Daily Cash rewards directly into savings.

How do I check my interest rate and balance?

Open Wallet, tap Apple Savings Account, and you'll see your current balance and the annual interest rate displayed on the card. You can also see a history of interest deposits by tapping the account and scrolling down to "Interest Earned." The interest rate updates in Wallet whenever Goldman Sachs changes it.