Coverage of Apple Savings reveals a high‐yield savings account by Goldman Sachs for Apple Card users that is now facing a steady drop in its APY, accompanied by a feature comparing it with other competitive accounts.
Apple Card savings rate drops from 3.9% to 3.75%, earning $37.50 annually on a $1K deposit. Launched in April 2023 with Goldman Sachs, the fee-free account is managed via Wallet, accepting Daily Cash, bank, or Apple Cash deposits, and now allows balances up to $1M.
Apple Savings is a high-yield savings account by Goldman Sachs for Apple Card users over 18, with no fees or minimum balances. It expands Apple's suite of financial products alongside Apple Wallet, Apple Pay, and Apple Card.
Apple Savings APY, launched at 4.15% in April 2023 and peaking at 4.5% in January 2024, has been cut steadily—from 4.4% in April to 4.25% in September, 4.10% in October, 3.90% in December—and now stands at an all-time low of 3.75%.
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