The Apple Card Savings is set to dip for the second time since the Federal Reserve cut rates in September, reaching an all-time low of 4.1% APY.
Apple Savings
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.
According to a report from MacRumors, Apple will lower the Apple Card Savings again to 4.1% as of Friday, October 11. It is the lowest the interest rate has ever been, but that’s due to a changing market.
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Source: AppleInsider News
