Apple Card Savings Account's Balance Limit Increased to $1 Million
Apple Card Savings Account's Balance Limit Increased to $1 Million
Goldman Sachs today increased the Apple Card savings account's balance limit to $1 million, with cardholders being notified by email. From...
Am I missing something or is there simply no recourse if you lose your money over $250k (the FDIC limit)? The article mentions the FDIC limit but doesn't mention any kind of equivalent guarantee from Goldman Sachs (as if there would be one...).
3I believe that’s correct, yeah. 250k is the limit, per bank per account type. So if you have 250k on a chase savings account, 250k in a chase checking, you’re covered. Open another savings or checking, and they WONT be covered.
That is my understanding anyway.
3This is correct to my understand as well.
3