Apple is sending push notifications to Apple Savings account holders notifying them of another rate increase, with the Apple Card APY now standing at 4.50%, up from 4.35%, according to macrumors.
Apple Savings is a feature of Apple Card that allows users to see the current balance, interest rate, and account balance over time.
This is the third increase in the APY rate that the Apple Card savings account has witnessed since December, as the first increase raised it from 4.15% to 4.25%, and the second, which occurred in early January, raised it from 4.25% to 4.35%.
Apple’s previous rate increase put it on par with the APY offered by several other popular high-yield savings accounts from American Express and Discover, and with the recent hike, Apple’s savings account also matches the APY of Goldman Sachs’ Marcus.
Apple’s High Yield Savings Account has been available to Apple Card holders in the US since April 2023, and is offered in partnership with Goldman Sachs
Apple Card users can earn interest on automatic daily cash deposits as well as personal funds added to the account, and Apple allows users to deposit up to $250,000.
