Apple Lowers Savings Account Rate for Apple Card Users

The involvement complaint connected Apple Card's savings relationship was contiguous lowered from 3.65% to 3.50%.


Push notifications regarding the chopped were sent to ‌Apple Card‌ users connected Thursday. Savings relationship involvement rates often fluctuate with changes made by the Federal Reserve, and erstwhile rates are lowered, banks chopped their yearly percent output (APY). That said, today's chopped doesn't look tied to a circumstantial Federal Reserve move.

Apple introduced its savings relationship successful April 2023, partnering with Goldman Sachs. Designed for ‌Apple Card‌ holders, the relationship is exclusively disposable to U.S. residents aged 18 and above. It tin beryllium managed done the iPhone's Wallet app, offering a user-friendly acquisition with nary fees, minimum deposits, oregon equilibrium requirements.

The relationship allows users to gain involvement connected their Daily Cash cashback balance, arsenic good arsenic connected funds transferred from linked slope accounts oregon Apple Cash balances. Initially capped astatine $250,000, the maximum equilibrium has since been accrued to $1,000,000.

In January 2026, JPMorgan Chase reached a deal to instrumentality implicit cognition of the Apple Card, with the modulation expected to instrumentality astir 2 years.

Alongside its caller Apple Card partnership, JPMorgan Chase volition reportedly motorboat a caller Apple savings account, but existing users with Apple savings accounts astatine Goldman Sachs volition not beryllium automatically transitioned and volition request to determine whether they privation to enactment astatine Goldman Sachs oregon unfastened caller accounts with Chase. Apple has a FAQ astir the transition.
This article, "Apple Lowers Savings Account Rate for Apple Card Users" archetypal appeared connected MacRumors.com

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