Apple is expected to launch "Yu'e Bao" function to Apple Card users in iOS 16.4

CTOnews.com, February 17 (Xinhua)-- Apple announced in October last year that it will launch a high-yield Savings Account service for Apple Card users, the equivalent of the familiar "Yu'e Bao" feature.

But Apple has not announced any follow-up actions since then. Coupled with the huge losses in the Apple Card business promoted by Goldman Sachs, many users think Apple has shelved the financial service.

Foreign technology media MacRumors found traces of Savings Account in the developer preview version of iOS 16.4 released today, indicating that Apple may make the feature available to users in the official version of iOS 16.4.

CTOnews.com learned from the report that in the iOS 16.4 developer preview, there is a "transfer your Apple Cash balance to your savings account and earn interest from today", "you can transfer [amount] from Apple Cash to your savings account and start earning interest immediately".