Apple doesn't offer joint savings accounts

Apple Savings, which is the savings product within Apple Card, does not support joint ownership. You cannot add another person to your account, and you cannot open an account that two people own together. Each account belongs to one person only, and that person controls all deposits, withdrawals, and account settings.

This is a hard limit built into how Apple structures the product. It's not a waiting list or a feature that might arrive later—it's how the account works. If you need a savings account that two people can both access and control, you'll need to look at a different bank.

Key Takeaways

  • Apple Savings accounts are individual only; you cannot add a co-owner or create a joint account through Apple.
  • Each person who wants to save through Apple must open their own separate account with their own Apple Card.
  • If you need shared access to savings, you'll need to use a traditional bank that offers joint accounts instead.
  • Two people can each have their own Apple Savings account and coordinate savings separately, but they cannot pool money into one account.

Why Apple doesn't offer joint accounts

Apple Savings is built on a partnership with Goldman Sachs, the bank that actually holds the money. The account is tied directly to your Apple ID and your identity verification. Adding a second owner would require Goldman Sachs to verify that second person, manage permissions between two account holders, and handle disputes or account access if the relationship changes. That complexity is why most fintech savings products—including Apple's—keep accounts individual.

The account is also linked to your Apple Card, which is a credit product that requires a single applicant. Mixing a credit product with a joint savings account creates legal and regulatory complications that Apple has chosen not to manage.

What you can do instead if you need joint savings

If you and another person want to save money together, you have two main paths. The first is to open accounts at a bank that offers joint savings accounts. Most traditional banks—Chase, Bank of America, Wells Fargo, and smaller regional banks—allow you to open a joint account where both people are owners, both can deposit and withdraw, and both names appear on the account. You'll need to visit a branch or explore online together, and you'll both need to verify your identity.

The second path is to keep separate accounts and coordinate manually. One person opens an Apple Savings account, another opens their own, and you transfer money between them as needed. This works if you're saving toward separate goals, but it doesn't create a true shared account where both people can see and control the same balance.

How to open an individual Apple Savings account

If you want to save through Apple on your own, you'll need an Apple Card first. You explore for the Apple Card through the Wallet app on an iPhone, iPad, or Mac. Apple will ask for your name, date of birth, address, and Social Security number. Goldman Sachs will check your credit and make a decision, usually within minutes.

Once you have the Apple Card, the Savings account appears automatically in the Wallet app. You don't explore separately—it's built in. You can then transfer money from your linked bank account into Apple Savings, and the money earns interest at whatever rate Apple is currently offering. That rate changes over time and is not may provide.

Joint accounts at banks that work like Apple Savings

If you want the simplicity of a digital-first bank but need joint ownership, some online banks offer both. Marcus by Goldman Sachs (the same company behind Apple Savings) does not offer joint accounts. However, banks like Ally, Discover, and Charles Schwab do offer joint savings accounts that you can open and manage entirely online. You and the other owner both explore together, both verify your identity, and both get access to the account through the mobile app.

These accounts work the same way as Apple Savings in terms of how money moves—you link a bank account, transfer money in, and earn interest. The main difference is that two people own the account instead of one, and both can see the balance and make transactions.

What happens if you want to close a joint account later

This is worth thinking about before you open one. If you and another person own a joint account and the relationship ends—whether it's a marriage, a business partnership, or a friendship—both people still have full access to the money. Either person can withdraw everything without the other's permission. Some banks allow you to change the account to require both signatures for large withdrawals, but not all do, and the rules vary.

If you're concerned about this, a joint account might not be the right choice. Some couples or business partners use separate accounts and transfer money as needed instead, which gives each person more control over their own money.

Frequently Asked Questions

Can my spouse or partner use my Apple Savings account?

No. Only the person whose Apple ID and identity the account is tied to can access it. Your spouse or partner would need to open their own separate Apple Savings account. You cannot give someone else access to your account, even temporarily.

If I have an Apple Savings account, can I add someone later?

No. Apple does not allow you to convert an individual account to a joint account or to add an owner after the account is open. The account structure is individual from the start and cannot change.

Can two people with separate Apple Savings accounts share money?

Yes, but you have to transfer it manually. One person can send money from their Apple Savings account to the other person's bank account, and that person can then deposit it into their own Apple Savings account. It's not automatic or seamless, but it works if you're coordinating savings.

What's the fastest way to open a joint savings account?

Online banks like Ally and Discover let you open a joint account entirely through their app in about 10 to 15 minutes, as long as both people have the documents ready (ID, Social Security number, and proof of address). You don't need to visit a branch.

Do joint savings accounts at online banks earn the same interest as Apple Savings?

Interest rates change constantly and vary by bank. As of now, many online banks offer rates similar to or slightly higher than Apple's, but you should check the current rates on each bank's website before you decide. The rate you see today may not be the rate you earn next month.