Apple Card Savings: who holds your money
Apple Card Savings is not a bank. Apple Card Savings says customer money is held at Goldman Sachs Bank USA, with insurance reaching customers as direct FDIC insurance at a chartered bank. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
Apple Card Savings is not a chartered bank, so customer deposits physically sit at Goldman Sachs Bank USA. Federal deposit insurance reaches customers directly through Goldman Sachs Bank USA, which has letter B among similar-sized banks on this site. The coverage limit is $250,000 per depositor, per insured bank, for each account ownership category. This information reflects Apple Card Savings disclosures read September 5, 2026.
Partner banks
- Goldman Sachs Bank USAFDIC #33124 · program bank42.9%above the insured limitB67.7
The figure is the share of total bank deposits above the $250,000 federal insurance limit, reported quarterly to the FDIC. High shares are normal for banks holding large app program balances. They do not mean your balance is uninsured: pass-through insurance usually covers customers individually at the partner bank. Across US banks in 2022 to 2026, those above roughly 36% saw large quarterly total deposit declines more often than those below. Most banks above that level saw no such fall. This measures deposit movement and does not predict trouble for any bank.
Disclosure
To access Savings, Apple Card Owners and Co‑Owners must open a Savings account. Savings accounts are provided by Goldman Sachs Bank USA, Salt Lake City Branch. Member FDIC.
www.apple.com · as of September 5, 2026
The Savings account is opened with Goldman Sachs Bank USA itself, so coverage is direct at that bank.