Apple Card Savings Account's Interest Rate Lowered

In the United States, the Apple Card offers a high-yield savings relationship option, allowing you to gain acold much involvement connected your wealth compared to the mean bank's basal savings account. However, the account's involvement complaint was lowered this week, with the yearly percent output (APY) dropping from 3.9% to 3.75%.


If you deposited $1,000 into the account, and maintained that equilibrium for 1 year, you would gain $37.50 successful involvement based connected the existent APY.

The illustration beneath compares the Apple Card savings account's APY to immoderate different fashionable high-yield savings accounts successful the United States.



Provider
APY*

Ally	3.70%
Discover	3.70%
American Express	3.70%
Capital One	3.70%
Citizens Bank	3.70%
Apple Card Savings	3.75%
Marcus by Goldman Sachs	3.75%
SoFi	3.80%
Barclays	3.90%
PNC Bank	3.95%
Synchrony	4.00%
Betterment	4.00%
Wealthfront	4.00%
UFB Direct	4.01%
CIT Bank	4.10%
Fierce	4.25%
Openbank by Santander	4.40%
Pibank	4.60%

* Advertised APYs arsenic of March 26, 2025, excluding promotional rates and affiliate bonuses. Minimum equilibrium requirements and different conditions alteration per account. APYs tin alteration astatine immoderate time, truthful we cannot warrant the accuracy of the rates listed above.

Apple launched its savings relationship in April 2023, successful concern with Goldman Sachs. The relationship tin beryllium opened and managed successful the Wallet app connected the iPhone, and it has nary fees, nary minimum deposits, and nary minimum equilibrium requirements. You indispensable person an Apple Card, beryllium a U.S. resident, and beryllium astatine slightest 18 years aged to unfastened an account.

The relationship allows Apple Card holders to gain involvement connected their Daily Cash cashback balance, and connected funds deposited via a linked slope relationship oregon an Apple Cash balance. The maximum equilibrium allowed is $1 million, up from $250,000 previously.

When the relationship launched, Apple and Goldman Sachs offered an APY of 4.15%, but the complaint has fluctuated, often successful enactment with U.S. Federal Reserve benchmark complaint changes. The APY peaked astatine 4.5% successful aboriginal 2024, and the existent 3.75% is an all-time low.

To unfastened a savings relationship successful the Wallet app, pat connected your Apple Card, pat connected the ellipse with 3 dots successful it, pat Daily Cash, and prime Set Up adjacent to Savings.

Goldman Sachs whitethorn end its user lending concern with Apple early, but it is unclear if this volition person immoderate interaction connected Apple Card holders. According to caller reports, determination are astatine slightest three companies successful the moving to regenerate Goldman Sachs arsenic the Apple Card's fiscal partner, including Barclays, Synchrony, and JPMorgan Chase.
This article, "Apple Card Savings Account's Interest Rate Lowered" archetypal appeared connected MacRumors.com

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