● Covered by 1 source · 1 reportLow impact1 neutral
Apple Card Savings Account interest rate increases to 3.5%
Key points
- Interest rate increased from 3.4% to 3.5%.
- Rate matches Goldman Sachs' Marcus savings account.
- Available exclusively to Apple Card users.
- Interest compounds daily and is paid monthly.
Interest Rate Adjustment
Apple and Goldman Sachs have increased the annual percentage yield (APY) for the Apple Card Savings Account. The new interest rate is 3.5%, up from the previous 3.4%.
Alignment with Market Conditions
This change in interest rate is a regular adjustment made by Apple and Goldman Sachs, typically influenced by broader financial market conditions. The new 3.5% rate matches the standard rate offered by Goldman Sachs' own Marcus savings account.
Account Exclusivity and Features
The Apple Card Savings Account remains an exclusive feature for Apple Card users. Account holders can direct their Daily Cash rewards into this savings account or transfer funds from linked bank accounts and Apple Cash balances. Interest accrues daily and is disbursed into the account at the end of each month.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Apple and Goldman Sachs raised the interest rate for the Apple Card Savings Account from 3.4% to 3.5%. This adjustment aligns the rate with Goldman Sachs' Marcus savings account and reflects broader financial conditions.