Apple Card finally brings Savings account with 4.15% APY
Apple announced a Savings feature for Apple Card owners over six months ago, but it's only now that he feature is finally live. The Savings account will offer a 4.15% APY (Annual Percentage Yield) for all Apple Card clients in the United States, thanks to a partnership with Goldman Sachs.
The rate is over 10 times the national average, Apple revealed. The Federal Deposit Insurance Corporation website reveals the rate across the United States is 0.37% as of March 2023.
Apple Card features
Previously the company offered Daily Cash - a cashback program. Users who pay with Apple Card get back 1% on all purchases, 2% if they are through Apple Pay, and 3% on money spent at the Apple Store and some partners like Uber or T-Mobile.
The Savings account has no fees, minimum deposits, or minimum balance requirements. However, to have an Apple Card, you still have to apply and get the approval for it.
Reader comments
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- J1}
There's no such thing as "in the EU the APY raised to xx," each country within the EU has a nearly independent banking system with wildly different interest rates/policies depending on the country. It doesn't take much to find tha...
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