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Apple Savings account raises interest to 4.5% APY

The Apple Savings account of Apple Card is giving more to its customers, raising the interest rate for deposited funds up to 4.5%.

Apple Savings in Wallet
Apple Savings in Wallet

The increased interest on the account means that consumers can enjoy an annual percentage yield (APY) of 4.5%. This is up from the previous rate of 4.35%.

Apple Savings started off in April as a high-yield savings account offering a 4.15% APY, but after lagging behind the rest of the market for months, the rate was increased to 4.25% in December. This was quickly upgraded to 4.35% a few weeks later in early January, and now by another rate change to 4.5%.

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