Apple Card High-Yield Savings Account Getting Yet Another Interest Rate Cut

Quick Summary:

The Apple savings account is designed to allow ‌Apple Card‌ users to earn interest on their Daily Cash balance, and on funds transferred from bank accounts or Apple Cash balances.

The ‌Apple Card‌ savings account's annual percentage yield (APR) will drop to 4.10 percent, down from 4.25 percent.

Back in late September, Apple lowered the APY from 4.4 percent to 4.25 percent, and rates dropped from 4.5 percent to 4.4 percent in April.At 4.10 percent, the Apple savings account APY will be below 4.15 APY that it launched with back in April 2023.

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Article Details

Author / Journalist: Juli Clover

Category: Technology

Markets: United StatesOman

Topics: Company Apple Percent Rate Interest Iphone Savings Features Account

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 15:52:53 (1 days ago)

News Timezone: GMT +8:00

News Source URL: macrumors.com

Language: English

Article Length: 1371 words

Reading Time: 8 minutes read

Sentences: 71 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © MacRumors

News ID: 22990120

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