Emerging Technology

Apple Card users will be able to grow their rewards in Apple Wallet by automatically depositing their Daily Cash into a new high-yield Savings account from Goldman Sachs

Apple® today announced a new Savings account for Apple Card® that will allow users to save their Daily Cash® and grow their rewards in a high-yield Savings account from Goldman Sachs. 1 In the coming months, Apple Card users will be able to open the new high-yield Savings account and have their Daily Cash automatically deposited into it — with no fees, no minimum deposits, and no minimum balance requirements. 2 Soon, users can spend, send, and save Daily Cash directly from Wallet.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221013005035/en/

Apple Card users will be able to grow their Daily Cash while saving for the future by automatically depositing their Daily Cash into a new high-yield Savings account from Goldman Sachs. (Photo: Business Wire)

Apple Card users will be able to grow their Daily Cash while saving for the future by automatically depositing their Daily Cash into a new high-yield Savings account from Goldman Sachs. (Photo: Business Wire)

"Savings enables Apple Card users to grow their Daily Cash rewards over time, while also saving for the future," said Jennifer Bailey, Apple's vice president of Apple Pay and Apple Wallet. "Savings delivers even more value to users' favorite Apple Card benefit — Daily Cash — while offering another easy-to-use tool designed to help users lead healthier financial lives."

Apple Card users will be able to easily set up and manage Savings directly in their Apple Card in Wallet. Once users set up their Savings account, all future Daily Cash received will be automatically deposited into it, or they can choose to continue to have it added to an Apple Cash® card in Wallet. Users can change their Daily Cash destination at any time.

To expand Savings even further, users can also deposit additional funds into their Savings account through a linked bank account, or from their Apple Cash balance. Users can also withdraw funds at any time by transferring them to a linked bank account or to their Apple Cash card, with no fees. Once set up, Apple Card users can watch their rewards grow in Wallet through an easy-to-use Savings dashboard, which shows their account balance and interest accrued over time.

Apple Card users get 3 percent Daily Cash on Apple Card purchases made using Apple Pay® with Apple and select merchants, including Uber and Uber Eats, Walgreens, Nike, Panera Bread, T-Mobile, ExxonMobil, and Ace Hardware, as well as 2 percent Daily Cash when they use Apple Pay, at other merchants, and 1 percent on all other purchases. There is no limit to the amount of Daily Cash users can receive.

The new Savings account from Goldman Sachs expands upon the financial health benefits and valuable Daily Cash that Apple Card already offers. Built into Wallet on iPhone®, Apple Card has transformed the credit card experience by simplifying the application process, eliminating all fees, encouraging users to pay less interest, offering the privacy and security users expect from Apple, and offering Daily Cash on every purchase. 3

NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or call Apple's Media Helpline at (408) 974-2042.

© 2022 Apple Inc. All rights reserved. Apple, the Apple logo, and Apple Card, Daily Cash, Apple Cash, Apple Pay, and iPhone are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

1 Savings accounts are provided by Goldman Sachs Bank USA, Salt Lake City Branch. Member FDIC.
2 Savings is available to Apple Card Owners and Co-Owners, subject to eligibility requirements.
3 Variable APRs range from 13.99 percent to 24.99 percent based on creditworthiness. Rates as of October 1, 2022.

Kimberly Mai
Apple
k_mai@apple.com

Heather Norton
Apple
heather_norton@apple.com

News Provided by Business Wire via QuoteMedia

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Wellteq Digital Health Inc. Acquires Perpetual License for Digital Sleep Tech IP

  • WellteQ Digital Health Inc. (CSE: WTEQ, OTCQB: WTEQF) increases its investment into sleep solution capabilities, as one of its four behavioural levers of health coaching.
  • Wellteq has signed a perpetual license agreement for sleep chronotype assessments and education content from one of Asia Pacific's leading sleep technology companies.
  • Wellteq intends to promptly integrate newly licensed sleep assets into the existing corporate health solution and accelerate development of clinical sleep solutions.
  • Initial transaction terms have been adjusted downward from AU$600,000 to CA$70,000 to reflect the unrestricted perpetual license versus an acquisition.
  • This license accelerates Wellteq's sleep assessment and coaching capabilities by an estimated 12 months.
  • Sleep market revenues are accelerating and projected to reach US$137.16 billion by 2026 which would exceed the current market for corporate wellness by 100%.

WellteQ Digital Health Inc. (CSE:WTEQ) (OTCBB:WTEQF) , (the "Company" or Wellteq"), which supplies digital health and wellness solutions to customers in 12 languages across 30 countries is pleased to announce, that further to the Company's News Release of June 8 th 2021, Wellteq has completed the execution of a perpetual license agreement for sleep chronotype assessments and educational content from with one of Asia Pacific's leading sleep technology providers. Under the perpetual license, Wellteq has unrestricted usage rights in relation to the assets of the license.

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This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221128005862/en/

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Amazon (AMZ) Yield Shares Amazon.com Inc. Common stock
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