Goldman Sachs has contacted Apple Card owners to inform them that the bank has now raised savings account limits to $1 million, up from the previous $250,000.
Apple Card Savings limit increased to $1 million
Apple Card Savings limit increased to $1 million
According to the updated Apple Card agreement, any deposits that bring the account over $1,000,000 will be returned via check.
There was a good reason for the old limit. As per rules set by the Federal Deposit Insurance Corporation (FDIC), anything above $250,000 is not insured.
Go Here to Read this Fast! You can now save up to $1 million in your Apple Card Savings Account
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You can now save up to $1 million in your Apple Card Savings Account