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Apple is notorious for keeping tight-lipped about upcoming product launches, but an update to the Apple Card terms and conditions has given users a glimmer of hope that the long-awaited Apple Savings account may finally be on the horizon.
First announced in October 2022, the Apple Savings account was touted as a new feature that would be launching “in the coming months“. Since then, however, Apple has remained largely silent on the subject, leaving users to wonder when the feature would actually be available.
But now, an update to the Apple Card terms and conditions has shed new light on the matter. As discovered and shared by Mark Gurman on Twitter, the updated terms and conditions reference the existence of the Savings account in two separate locations.
The first reference defines the term “Savings” as “the savings account provided by us that can be accessed through Apple Wallet“. The second set of occurrences can be found in the section labeled “How you receive Daily Cash“, which describes how users can elect to have Daily Cash automatically appear in either the Savings account or on the Apple Cash card.
While this may seem like a small update, it could actually be a significant indication that Apple is ready to launch the feature. References to the Apple Savings account have also been discovered in recent iOS betas, suggesting that the company has been actively working on implementation.
Of course, it’s still unclear when the feature will actually become available to users, or whether it will require a new version of iOS or be switched on server-side. But with this new update to the Apple Card terms and conditions, it seems that the launch of the Apple Savings account may finally be within reach.