![]() We also really appreciate the lack of fees and hoops needed to earn that rate. If you put $10,000 in Apple’s savings account for a year, you’d earn about $424, compared to just $37 if your account paid the national average. Interest also compounds daily, which is an added bonus. If you have a savings account with a traditional brick-and-mortar bank, you may be astounded that such yields are even offered. ![]() The 4.15% APY is, as Apple boasts in its press release, nearly 10 times the national average of 0.46% APY (as of October 16, 2023). The new account, offered by Goldman Sachs, is the type of savings product that tickles our fancy.įirst and foremost, the interest rate is competitive with the best savings accounts on the market. Apple’s high-yield savings account: The details ![]() However, we don’t recommend applying for the credit card just to chase its savings account high yield.Īnnual percentage yields (APYs) and account details are accurate as of November 3, 2023. ![]() The account is certainly attractive and may make sense for current Apple Card holders. In a press release, the technology behemoth said the account doesn’t charge fees and there are no minimum balance or minimum deposit requirements in order to earn the high yield. In its bid to extend further into your wallet, Apple announced that Apple Card users can now set up a savings account with an impressive interest rate of 4.15%. ![]()
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