Apple Card Savings still holds strong, here's how its interest rate compares to others

Apple Card Savings Remains Robust: A Comparison Of Its Interest Rate With Others

High Yield Savings Last evening, Apple announced a reduction in the interest rate for the Apple Card Savings Account, now set at 3.75% APY. Although this is a decrease from its peak of 4.5% APY, Apple’s rate remains competitive within the banking sector. Introduced in April 2023, the Apple Card Savings Account was launched in collaboration with Goldman Sachs. Initially, it featured an impressive 4.15% APY, which has been adjusted several times s…

Apple Card Savings still holds strong, here's how its interest rate compares to others

Last night, Apple lowered the interest rate of the Apple Card Savings Account to a new 3.75% APY. While this...

Apple Card Savings APY Takes Another Hit And Drops To 3.75 Percent, Making It The Lowest Figure Since The Service’s Inception And Likely Putting Depositors’ Trust At Risk

The main selling point of Apple Card Savings was that the APY was higher than the competition, with the company offering depositors an attractive interest rate of 4.15 percent when it was first announced. Over time, that figure increased to an unprecedented 4.5 percent, which would encourage more individuals to place their funds in this wallet. Unfortunately, the cracks have started appearing in the armor, with Apple sending a notification to de…

Apple made a further drop in the interest rate on the Apple Card savings account. It dropped to 3.75%. It was previously 3.90%. The first drop in the interest rate on the Apple Card savings account took place in the spring of 2024, from 4.50% [...] Read more... Follow iPhoneAddict.fr on Facebook, and follow us on Twitter Don't forget to download our free iAddict app for iPhone and iPad (link App Store) The Apple Card article and savings account:…

Apple Savings APY drops to yet another all-time low of 3.75% during economic uncertainty

The Apple Savings APY falls again after a December drop, reaching a new all-time low of 3.75% APY. Apple Savings APY drops again Apple launched a high-yield savings account attached to the Apple Card in April 2023 at 4.15% APY. It climbed up to 4.5% by January 2024 and saw its first rate cut in April to 4.4%, then a second cut to 4.25% in September, another to 4.10% in October, and then a drop to 3.90% in December.Apple has begun notifying Apple…