Now, “as a saver, you want to lock in higher rates to keep the advantage of those high rates for longer.”Īlthough it’s pretty easy to earn more than 4% with almost no risk these days, a recent Bankrate survey found that only 22% of savers are earning 3% or more. When mortgage rates were around 3%, everyone wanted to refinance their home to lock in a low rate for 30 years. It’s like the opposite of mortgages, said Richard Zak, a managing director with Charles Schwab. But if you think the Fed is done raising rates for now - and the jury is still out on this - it may be time to put some cash you don’t need for emergencies or short-term goals into longer-term bank certificates of deposit or Treasury securities. When interest rates are going up, it pays to keep cash in short-term instruments that will move up with Fed increases, such as money market funds or high-yield savings accounts. The Federal Reserve raised the short-term federal funds rate on Wednesday by a quarter point to between 5% and 5.25%, a 16-year high. Some online and lesser-known banks and credit unions have been attracting customers with high-yield savings accounts - at least 30 are yielding more than Apple’s 4.15% according to, a banking research website. By comparison, Wells Fargo, Citi, Bank of America and Chase are paying between 0.01% and 0.35% on their basic savings accounts. Lunch Money, or YNAB.Savers have been flocking to better-paying alternatives such as money market funds, which are yielding up to 5%, Treasury bills and the government’s inflation-linked savings bonds. If you have Apple Card, you can export your monthly transactions to a spreadsheet that you can download to your computer and import into a finance app such as Mint, Clarity Money. Can I export my transactions data for use in a finance app?Īs of January 21, 2020, you can, according to a report by TechCrunch. Green? Must be those tickets to Miami.”Īpple has a site up at where you can see your monthly statements and manage payments, but you can’t see individual transaction history. … See a lot of orange? That’s things like lunch and coffee. Apple will also color-code spending categories so it’s “easy to spot trends in your spending. Where can I see a record my transactions?Įverything that you need to see will be right inside the Wallet app, including payment due date, transaction and payment histories, and spending analyzers. If you return a product, Apple will charge your card the amount that was received in Daily Cash in addition to the credit that was issued. What if I need to return something that I’ve already received a reward for? Once the account is open, you can elect to have your Daily Cash go directly into that account, which can be linked to your bank account. Apple is working with Goldman Sachs to allow Apple Card users to open a high-yield savings account. Can put my Daily Cash into a savings account? From there, you’ll be able to transfer it to your bank account, send money to a friend, or just use it to buy something at any store that accepts Apple Pay. Instead of waiting a month or a year to get a rewards check, anything you’ve earned will be automatically deposited into your Wallet in the form of an Apple Pay Cash card. Nope, Apple doesn’t set a ceiling on how much Daily Cash you can earn, but the amount you earn is based on how much you spend, and there is a limit on that. Is there a limit to how much Daily Cash I can get? However, during the call, Apple did not announce when this plan will be available.Īpple is also offering 3 percent back for some third-party businesses, including: And since it’s an Apple purchase, you get 3 percent cash back. Using the Apple Card, you can get a special 24-month installment plan with no interest or fees. Does Apple Card have any special purchase plans or bonuses?ĭuring its fourth quarter 2019 financial earnings call, Apple CEO Tim Cook revealed a special program for new iPhone buyers. In July 2021, A new Apple Card Family feature will be available, which lets Apple Card owners allow other people in their Family Sharing account use the card to make purchases. With the release of iOS 14.6, Apple activated a feature that lets adult couples share a card. Since you’ll have a standard number, expiration date, and CVV in the Wallet app, you’ll just need to input that information in the payment page for whatever bill you want to add. Can I schedule payments for things like recurring bills and utilities? When you buy something at a store that accepts Apple Pay you’ll be able to hold your phone near the contactless reader or double-click the home or power button (depending on your iPhone model) to quickly bring up the pay screen and authenticate using Touch ID or Face ID.
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