Apple Card savings account annual interest rate increases again to 4.50%

Apple is sending push notifications to Apple Savings account holders to let them know that interest rates are rising again. The annual interest rate on the AppleCard savings account has increased from 4.35% to 4.50%.This is the third time since December that the annual interest rate on the AppleCard savings account has been raised. After the first increase, the annual interest rate increased from 4.15% to 4.25%, and the second increase was in early January from 4.25% to 4.35%.

Previous rate hikes on the Apple Savings Account put it in line with American Express and many other popular high-yield savings accounts in Discovery, and with the latest rate increase, the Apple Savings Account is also in line with Goldman Sachs' APR.

Starting in April 2023, U.S. AppleCard cardholders will have access to Apple's high-yield savings account, which is offered in partnership with Goldman Sachs.

AppleCard users can earn interest on automatic daily deposits of cash and personal funds deposited into the account, and Apple allows users to deposit up to $250,000.