Apple and Goldman Sachs have unveiled another fee reduction for the Apple Card Savings Account. Starting immediately, the Apple Card Savings Account now offers a competitive 3.90% APY, a slight decrease from its previous rate of 4.10%.
The Apple Card Savings Account debuted with an initial interest rate of 4.15%, effective for its first eight months on the market. What was the speed to 4.25% in December of the final 12 months, then again to and finally? The speed was subsequently reduced.
In October, Apple Card Financial Savings Account fees were lowered again, decreasing to a competitive rate of 4.10%.
As of December 4, 2024, the Apple Card Financial Savings Account offers a competitive 3.90% annual percentage yield (APY). While this aligns with the pace offered by Goldman Sachs, you might receive a premium fee for a limited period.
Apple and Goldman Sachs, like other major financial institutions, adjust interest rates in response to broader economic conditions.
The Apple Card Savings Account is a distinct feature available exclusively to Apple Card account holders. As you earn daily money rewards alongside your Apple Card, you can easily convert them into a high-yield savings account through the Wallets app.
With instant transfers each day, Apple Card users can effortlessly add funds from a linked checking account or their Apple Money balance to make transactions seamless. Curiosity compounds daily, thereby generating interest on initial deposits and accumulating gains over time. At the end of each month, the Curiosity cash is automatically distributed into your designated savings account.
To learn more about the benefits of the Apple Card Savings Account, visit our website.
