Good news for Apple Card Savings Account users this morning. Apple and Goldman Sachs have increased the interest rate on the account from 3.4% to 3.5% today.
Apple and Goldman Sachs regularly change the annual percentage yield for Apple Card Savings Account based on broader financial conditions.
This rate matches the rate that Goldman Sachs offers through its own Marcus savings account, although you can earn a bonus rate of 4.50% with this link for a limited time.
The Apple Card Savings Account is available exclusively to Apple Card users. As you earn Daily Cash rewards with Apple Card, you can transfer them to your savings account or even have them deposited directly into that account.
Besides transferring Daily Cash directly, Apple Card users can also add funds from a linked bank account or their Apple Cash balance. Interest compounds daily, meaning you earn returns on both your initial deposit and the interest that builds up over time. This accrued interest is then paid directly into your savings account at the end of each month.
For more detailed information about the Apple Card Savings Account, visit our comprehensive guide right here.
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