My hot take is that this is a new service, so none of the accounts have much of a history.<p>Algorithms in place could reasonably impose extra checks on large withdrawals from new accounts.<p>What's more, I could speculate that Goldman Sachs' limited experience with mainstream retail banking could lead to delays of this sort, where they lack a statistical universe to identify exceptional usage (transactions large percentage of balance) as legitimate.<p>FWIW, I have a tiny amount of money in an Apple Savings account; I have deposited funds and withdrawn a bit exactly one time each. No unusual delay, but it's not exactly an account I intend to use like checking.
JFYI: you can skip the Apple middle man and just open a Marcus.com account. It’s Goldman Sachs on the back end. Works great. No drama. Decent app. Reasonable website.<p>Same rates as far as I can see.
>Smyth required the $10,000 from his Apple Card Savings account to do some remodeling work in his basement, only to find he could not complete his transaction<p>This is funny because it reminds me of other Apple Services.
Just like lemmings attracted to the high yields to claim and boost adoption numbers, now the bank doesn't want you to withdraw your money too easily.<p>A very slow and steady rug pull which the yields will gradually drop.