The annual percentage yield, or APY of Apple Card Savings account, was 4.15 percent when the service rolled out for users, with the company slowly introducing increments, allowing depositors to receive monetary rewards for their funds. That APY figure has witnessed a rise to as high as 4.5 percent, but the latest update mentions that the interest rate has been reduced to 4.25 percent, and there could be various reasons for this change. Regardless, it is still higher than the interest rate at which Apple Cards Savings was introduced at, putting users at an advantage. The U.S. Federal Reserve recently […]
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