Apple Savings account raises interest to 4.5% APY

The Apple Savings account of Apple Card is giving more to its customers, raising the interest rate for deposited funds up to 4.5%.Apple Savings in WalletThe increased interest on the account means that consumers can enjoy an annual percentage yield (APY) of 4.5%. This is up from the previous rate of 4.35%.Apple Savings started off in April as a high-yield savings account offering a 4.15% APY, but after lagging behind the rest of the market for months, the rate was increased to 4.25% in December. This was quickly upgraded to 4.35% a few weeks later in early January, and now by another rate change to 4.5%. Continue Reading on AppleInsider | Discuss on our Forums