Last evening, Apple reduced the interest rate of the Apple Card Savings Account to a new 3.75% APY. Although this marks a decrease from its peak of 4.5% APY, Apple’s rate remains competitive within the banking sector.
Apple introduced the Apple Card Savings Account in April 2023, collaborating with Goldman Sachs. Initially offering an impressive 4.15% APY, the account has seen several adjustments since its launch.
This is how Apple’s savings account rate stands relative to the rest of the industry as of March 26th, 2025:
| Bank | Interest Rate |
| Ally | 3.70% APY |
| American Express | 3.70% APY |
| Capital One | 3.70% APY |
| Discover | 3.70% APY |
| Marcus by Goldman Sachs | 3.75% APY |
| Apple Card Savings | 3.75% APY |
| SoFi Savings | 3.80% APY |
| Wealthfront | 4.00% APY |
| Robinhood | 4.00% APY |
| Barclays Tiered Savings | 4.15%-4.40% APY |
It’s clear that these rates significantly surpass those offered by major banks. Institutions such as Chase, Bank of America, and Wells Fargo typically provide interest rates below 0.03% APY.
The Apple savings account is exclusively available to Apple Card holders. Discover more about the Apple Card and its various benefits here.
Are you a user of the Apple Card? What are your thoughts on Apple’s savings account? Share your opinions with us in the comments.
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