As of April 3, 2024, the annual percentage yield for Apple Savings account users is 4.4%, down from its previous high of 4.5% set in January.
Apple Savings users get a notification that their interest rate has been cut
Apple Savings users get a notification that their interest rate has been cut
As predicted, the interest on Apple Savings has seen its first-ever cut. The move, while small, comes after a series of rises in quick succession at the end of 2023 and the start of 2024.
Originally launched in April 2023, what Apple described as a high-yield savings account was offering 4.15% APY. It wasn’t an uncompetitive amount, but Apple Savings stayed on that level for eight months.
Go Here to Read this Fast! Apple Savings gets first ever interest rate cut
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Apple Savings gets first ever interest rate cut