Apple Card Savings Account Interest Rate Drops to 4.10%

Apple has reduced the interest rate on its high-yield savings account in response to Federal Reserve rate changes.

The interest rate cut to 4.10% marks the third reduction this year for the Apple Card savings account.
The latest decrease follows a series of cuts, with the rate dropping from 4.5% in April to 4.25% in late September.
Apple's savings account, launched in April 2023, initially offered a competitive APY of 4.15%, higher than the national average.
Interest rate adjustments are influenced by Federal Reserve decisions, with further cuts anticipated by policymakers.
Apple's savings account, in partnership with Goldman Sachs, remains competitive with other high-yield accounts from Discover, American Express, and Capital One.