Apple Card Savings Account sees another interest rate cut

Apple Card Savings Account has taken another hit to its interest rate as of today. Apple and Goldman Sachs have dropped the annual percentage yield from 3.75% to 3.65%, marking the second rate cut of 2025. Apple Card Savings Account started with a 4.15% interest rate for the first eight months of availability. The rate increased to 4.25% in December of last year, then again to 4.35% in early January and to 4.5% in late January. The rate was then cut back to 4.4% in April, 4.25% in late September, 4.10% in October, and 3.90% in December. Finally, in March of this year, the rate fell to 3.75%. Now, as of May 28, 2024, the Apple Card Savings Account rate sits at 3.65%. This rate matches the rate that Goldman Sachs offers through its own Marcus savings account, though you can earn a bonus rate with this link for a limited time. Like all financial institutions, Apple and Goldman Sachs periodically adjust interest rates based on overall economic conditions. The rate is still dramatically ... Read full article.