Apple Lowers Savings Account Rate for Apple Card Users
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The interest rate on Apple Card's savings account was today lowered from 3.65% to 3.50%.
Push notifications regarding the cut were sent to Apple Card users on Thursday. Savings account interest rates often fluctuate with changes made by the Federal Reserve, and when rates are lowered, banks cut their annual percentage yield (APY). That said, today's cut doesn't appear tied to a specific Federal Reserve move.
Apple introduced its savings account in April 2023, partnering with Goldman Sa
Push notifications regarding the cut were sent to Apple Card users on Thursday. Savings account interest rates often fluctuate with changes made by the Federal Reserve, and when rates are lowered, banks cut their annual percentage yield (APY). That said, today's cut doesn't appear tied to a specific Federal Reserve move.
Apple introduced its savings account in April 2023, partnering with Goldman Sa
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