Apple Card Savings customers are earning less again as the account’s annual percentage yield falls to a new low of 3.4%, extending a series of rate cuts that have reduced returns for savers.
Apple Savings APY lowering again
Apple Savings APY lowering againCustomer notifications show the annual percentage yield has fallen from 3.5% to 3.4%, marking the latest reduction for the savings account.
Users began reporting notifications of the change on June 4, adding another entry to the growing list of rate cuts affecting Apple Card Savings. The high-yield savings account, which launched in 2023 with a 4.15% annual percentage yield, is offered through Goldman Sachs and integrated into the Wallet app.
Apple Card Savings lets users deposit Daily Cash rewards directly into a savings account and manage their money through the Wallet app. Goldman Sachs operates the savings account, while Apple handles the customer experience through Wallet.