Apple Card Savings Account APY Increases to 4.50%

While the account offers competitive rates and features, some high-yield savings accounts from other institutions offer rates over 5% APY.

Apple has increased the interest rate on its Apple Card Savings account for the third time since December, now offering a 4.50% APY.
The Apple Card Savings account is available for Apple Card users in the U.S. and can be managed through the Apple Card in the Wallet app on iPhones.
The account doesn't require a minimum opening deposit, doesn't have monthly service fees or minimum balance requirements, and offers up to 3% cash back on credit card purchases.
While the Apple Card Savings account offers a competitive interest rate, some high-yield savings accounts from other institutions offer rates over 5% APY.
Apple Card Savings account holders are reminded that the interest earned on these accounts is taxable.