Apple Card High-Yield Savings Account Getting Yet Another Interest Rate Cut

Apple is once again planning to cut the interest rate of its Apple Card high-yield savings account, with the new rate set to go live on Friday, October 11.

The ‌Apple Card‌ savings account's annual percentage yield (APR) will drop to 4.10 percent, down from 4.25 percent. This is the third cut that Apple has made this year, and the second in the last few weeks.

lowered the APY from 4.4 percent to 4.25 percent, and rates dropped from 4.5 percent to 4.4 percent in April.

are on the horizon.

Several other high-yield savings accounts from companies like Discover, American Express, and Capital One also now have a 4.10 APY.

iPhone Wallet app much like the ‌Apple Card‌. The Apple savings account is designed to allow ‌Apple Card‌ users to earn interest on their Daily Cash balance, and on funds transferred from bank accounts or Apple Cash balances.

Tag: Apple Card

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