Core Insights - JPMorgan Chase will replace Goldman Sachs as the issuer of the Apple Card, with the transition expected to take place in about two years [2][8] - Consumers' existing Apple credit-card and savings balances, payment history, credit limit, and Daily Cash balance will carry over during the transition [3][8] Group 1: Transition Details - The transition will affect who holds the money and services the accounts for Apple Card and Apple Savings users, but balances and rewards are expected to move automatically [4] - Current Apple Card customers will have the option to open an Apple Savings account with JPMorgan or retain their existing account with Goldman Sachs [5][8] Group 2: Account Features - The current Apple Savings account has no monthly fees or minimum balance requirements and is federally insured for balances up to $250,000, offering a 3.65% APY [6] - Chase does not currently offer a high-yield savings account but plans to develop its own savings product in association with the Apple Card [6] Group 3: Payment Network and Terms - Mastercard will continue as the payment network for the Apple Card, and no changes to the terms of the Apple Card are expected [7] - Credit reports will be updated to reflect Chase as the issuing bank, with further details to be communicated to users as the transition date approaches [7]