Apple Card customers’ Apple Savings account can now grow at an increased 4.35% APY, but the higher rate is still behind the competing high-yield savings accounts.
Apple Savings account holders received a notification late Thursday stating that their APY had increased to 4.35% from 4.25%. The move won’t mean drastic increases in savings, but it’s a move in the right direction.
There are a few banks rumored to be in consideration for an Apple Card and Savings takeover, but Apple’s requirements may need to change to facilitate that. The rumored banks include American Express and Synchrony Financial.
