VERIFIEDBy Xavier Rivera· ·1 min read
Apple Cuts Apple Card Savings APY to 3.50%
Apple reduces the APY on Apple Card Savings accounts from 3.65% to 3.50%, effective immediately. The change occurs as users await details on the product's shift to Chase, which offers lower savings rates.
Source:9to5Mac
TL;DRAI · 60 sec read
Apple implements an interest rate cut for Apple Card Savings accounts, effective immediately. The Annual Percentage Yield drops from 3.65% to 3.50%.
Apple notifies Apple Card Savings users of the change. Confirmation appears inside the Apple Wallet app under Apple Card then Savings Account. Users may also receive a push notification.
Apple and Goldman Sachs adjust Savings account rates from time to time. Such changes often respond to US Federal Reserve rate updates, though this one ties to general economic trends.
The rate cut comes amid open questions about Apple Card's transition to Chase, whose consumer savings accounts typically offer low rates.
Apple notifies Apple Card Savings users of the change. Confirmation appears inside the Apple Wallet app under Apple Card then Savings Account. Users may also receive a push notification.
Apple and Goldman Sachs adjust Savings account rates from time to time. Such changes often respond to US Federal Reserve rate updates, though this one ties to general economic trends.
The rate cut comes amid open questions about Apple Card's transition to Chase, whose consumer savings accounts typically offer low rates.
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