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Apple cuts Apple Card Savings interest rate

  • Apple and banking partner Goldman Sachs are cutting the Apple Card Savings Account interest rate from 4.4% to 4.25%.
  • The interest rate for the Apple Card Savings Account had previously increased to 4.5% in January before being reduced to 4.4% in April.
  • Apple Card users can choose to grow their Daily Cash rewards with a high-yield Savings account from Goldman Sachs.
  • The interest rate cut follows the U.S. Federal Reserve's decision to lower the federal funds rate to a range of 4.75% to 5%.

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