Wednesday, February 21, 2024

Apple increases Apple Card saving account’s APY to 4.35%

Apple has increased the Apple Card savings account's annual percentage yield (APY) to 4.35%.

Apple has increased the Apple Card savings account’s annual percentage yield (APY) to 4.35%, according to MacRumors.

Last month the APY increased it from 4.25% to 4.15%. With Apple Savings, Apple Card users will be able to open the new high-yield Savings account and have their Daily Cash automatically deposited into it — with no fees, no minimum deposits, and no minimum balance requirements. Users can spend, send, and save Daily Cash directly from Wallet.

“Savings enables Apple Card users to grow their Daily Cash rewards over time, while also saving for the future,” Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet, said in a press release in October 2023 “Savings delivers even more value to users’ favorite Apple Card benefit — Daily Cash — while offering another easy-to-use tool designed to help users lead healthier financial lives.”

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.