App record
Apple Card Savings: who holds your money
- Institution type
- App
- Insurance route
- Banks and direct bank accounts
- Recorded partner banks
- 1
- Disclosure read
- September 5, 2026
Insurance route
Banks and direct bank accountsThe disclosure for Apple Card Savings, read on September 5, 2026, describes a direct bank arrangement for FDIC coverage, federal insurance for bank deposits. This concerns deposits at the relevant bank. The exact disclosure follows.
Summary
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.
Current commentary
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
1 bankGoldman Sachs Bank USA
- FDIC certificate
- 33124
- Role
- program bank
- Uninsured deposit share
- 42.9%
- Lefomi grade
- Grade BScore 67.7 out of 100
- Quarter ending
- June 30, 2026
- Other peers
- 31
- Peer group
- Banks, $100B or more
- Deposit insurance
- FDIC insured
Grade alerts for Goldman Sachs Bank USA
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