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Apple Card customers’ Apple Savings account can now grow at an increased 4.35% APY, but the higher rate is still behind the competing high-yield savings accounts.
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. Thursday’s increase to 4.35% is Apple’s second increase since December 21.
Apple Savings account holders received a notification late Thursday stating that their APY had increased to 4.35% from 4.25%. The move won’t mean drastic increases in savings, but it’s a move in the right direction.
Go Here to Read this Fast! Apple Savings APY increases from 4.25% to 4.35%
Originally appeared here:
Apple Savings APY increases from 4.25% to 4.35%
