There is no option button to set up a savings account

Before applying, please update your iPhone to 16.4.1 and verify your Apple Cash account. Then follow these instructions,

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.

If you have any Daily Cash available to redeem as an Apple Card statement credit, that Daily Cash will be transferred to your new Savings account when you set up Savings.

If your Apple Card account is restricted or locked, you may not be able to open a Savings account. If your Apple Cash or Savings account is restricted or locked, you may not be able to transfer money to or from Savings. To access your funds, you'll need to contact a Savings Support Specialist.

Set up and use Savings in Apple Wallet - Apple Support

Same here. No option to set up savings.