Apple Card Savings hits lowest interest rate yet
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 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
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