Report delves into why Apple and Goldman Sachs want to separate

Recent rumors have suggested that Goldman Sachs intends to end its financial partnership with Apple, and Information shared a new report today about what went wrong and why the relationship between the two companies fell apart. Goldman Sachs is Apple’s partner in Apple Card, Apple’s savings account that is open to ‌Apple Card‌ users, and … Read more

Apple and Goldman Sachs credit some customers who had long waits to request savings withdrawals

Some customers who had a bad experience with their Apple Savings accounts managed by Goldman Sachs are receiving one-time credits, according to an email received from MacRumors reader Michael, who made a retreat in May. “The experience we provided for a withdrawal request you made for your savings account in May did not meet our … Read more

Apple Card monthly installment term for Apple Watch will change from 24 months to 12 months

Starting August 15, the term for Apple Card Monthly Fees for new Apple Watch purchases will change from 24 months to 12 months, according to the fine print on Apple’s website. This means each payment will be higher, but the Apple Watch will pay off faster. Apple Card monthly installments are an interest-free financing option … Read more

Tim Cook touts ‘incredible’ response to Apple Card savings account on iPhone

Apple CEO Tim Cook said this week that the initial response to the new Apple Card Savings feature has been “incredible” following its launch last month. Speaking on Apple’s quarterly earnings call, Cook said both the savings account and the new financing feature Apple Pay Later help customers live “healthier financial lives,” adding that he … Read more

Apple Card users can get 6% daily cash back on Nike purchases, a $75 bonus available to new customers

Apple is partnering with Nike this month to give Apple Card users six percent daily cash back on purchases, up from the typical three percent cash back offer. The offer is available through the end of May and customers can get the highest percentage cash back on products up to $500. Additional cash back is … Read more

Nearly $1 billion deposited by Apple Card owners four days after the savings account launched

On April 17, Apple introduced the Apple Card Savings account, and it turns out that it was very popular among iPhone users. The new Apple-branded high-yield savings account saw up to $990 million in deposits during the first four days after launch, according to Forbes. Forbes says he spoke to two anonymous sources with knowledge … Read more