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Apple Card customers’ Apple Savings account can now grow at an increased 4.25% APY, but the higher rate is still behind the competition.
Apple Savings APY increase
Apple Savings APY increase
Apple Savings launched with a competitive 4.15% annual percentage yield (APY) but failed to increase to stay competitive. Wednesday’s increase to 4.25% doesn’t bring it up to par with competitors, but at least it’s a move in the right direction.
Apple Savings account holders received a notification late Wednesday stating that their APY had increased to 4.25% from 4.15%. It is the first increase in the service’s eight months on the market.
Go Here to Read this Fast! Apple Savings APY increases from 4.15% to 4.25%
Originally appeared here:
Apple Savings APY increases from 4.15% to 4.25%
