To access the savings account, users need at least iOS 16.4. There are some restrictions, such as a maximum balance of $250,000 and transfers to or from Apple Cash ranging from $1 to $10,000. Transfers are also limited to $20,000 per week.

To access the savings account, users need at least iOS 16.4. There are some restrictions, such as a maximum balance of $250,000 and transfers to or from Apple Cash ranging from $1 to $10,000. Transfers are also limited to $20,000 per week.