Apple Savings gets first ever interest rate cut

As of April 3, 2024, the annual percentage yield for Apple Savings account users is 4.4%, down from its previous high of 4.5% set in January.Apple Savings users get a notification that their interest rate has been cutAs predicted, the interest on Apple Savings has seen its first-ever cut. The move, while small, comes after a series of rises in quick succession at the end of 2023 and the start of 2024.Originally launched in April 2023, what Apple described as a high-yield savings account was offering 4.15% APY. It wasn't an uncompetitive amount, but Apple Savings stayed on that level for eight months. Continue Reading on AppleInsider | Discuss on our Forums