Apple Savings Account Interest Rate Increased to 4.25% APY
Apple Savings account holders are currently receiving push notifications informing them that Goldman Sachs has raised the interest rate on the account to an annual percentage yield (APY) of 4.25% from 4.15%. This is the first increase in the interest rate since the feature launched back in April.
While the increase is a welcome one for Apple Savings customers and is a fairly competitive rate, there are some other high-yield savings accounts on the market that currently offer even higher rates.
The interest rate hike comes as Apple and Goldman Sachs are working out how to terminate their partnership for Apple Card and Apple Savings as Goldman Sachs seeks to exit the consumer business.
Recent reports have indicated that Apple has submitted a proposal to Goldman Sachs that would wind down the partnership over the next 12 to 15 months, but for the time being, there have been no changes to the availability of Apple Card and Apple Savings.
Apple and Goldman Sachs are reportedly looking for a new partner or partners to take over management of Apple Card and Apple Savings, and it's unclear how the offerings may be affected by such a shift.
(Thanks, KPOM!)
Popular Stories
iOS 18 will give iPhone users greater control over Home Screen app icon arrangement, according to sources familiar with the matter. While app icons will likely remain locked to an invisible grid system on the Home Screen, to ensure there is some uniformity, our sources say that users will be able to arrange icons more freely on iOS 18. For example, we expect that the update will introduce...
The next-generation iPad Pro will feature a landscape-oriented front-facing camera for the first time, according to the Apple leaker known as "Instant Digital." Instant Digital reiterated the design change earlier today on Weibo with a simple accompanying 2D image. The post reveals that the entire TrueDepth camera array will move to the right side of the device, while the microphone will...
Apple today released macOS Sonoma 14.4.1, a minor update for the macOS Sonoma operating system that launched last September. macOS Sonoma 14.4.1 comes three weeks after macOS Sonoma 14.4. The macOS Sonoma 14.4.1 update can be downloaded for free on all eligible Macs using the Software Update section of System Settings. There's also a macOS 13.6.6 release for those who...
Apple has previously announced three new iOS features that it said are coming to the iPhone later this year, as outlined below. The new features include the ability to install iPhone apps on the web in the EU, RCS support in the Messages app, and next-generation CarPlay. Web Distribution Apple recently announced that eligible developers will soon be able to distribute their iOS apps to ...
Apple's iPhone development roadmap runs several years into the future and the company is continually working with suppliers on several successive iPhone models concurrently, which is why we sometimes get rumored feature leaks so far ahead of launch. The iPhone 17 series is no different, and already we have some idea of what to expect from Apple's 2025 smartphone lineup. If you plan to skip...
iOS 18 will feature a revamped Home Screen that is "more customizable," according to Bloomberg's Mark Gurman. He revealed this information in his Power On newsletter today, but he did not provide any specific details. Subscribe to the MacRumors YouTube channel for more videos. Apple will announce iOS 18 at its annual developers conference WWDC in June. Other features and changes rumored for...
We're getting closer to the launch of new iPad Pro and iPad Air models, while rumors about iOS 18 are continuing to ramp up with this week's surprise revelation that Apple has been talking to Google and others about potentially helping power the generative AI features expected to be a major part of this year's update. Other news this week saw the release of iOS 17.4.1 and iPadOS 17.4.1...
Top Rated Comments
Heck, anyone servicing this account could simply take these deposits, buy one-month T-Bills at the open market auction, and pocket a very healthy profit for executing a kindergarten-level trade requiring zero skill, and nearly zero risk.
?