savings account

If you are in the USA and have two factor enabled then:

How to set up Savings

1. On your iPhone, open the Wallet app and tap Apple Card.
2. Tap the More button , then tap Daily Cash.
3. Tap Set Up next to Savings, then follow the onscreen instructions.

When opening Savings, you'll be asked if you want to transfer funds from your Apple Cash balance to your new account to start earning interest on that money. If you don't want to transfer your Apple Cash balance, just tap the Close button . If you want to transfer funds, tap Transfer Your Apple Cash and follow the onscreen instructions.

You need to be running iOS 16.4.1 Settings > General > Software Update