Apple Card is now offering a higher interest rate for its savings accounts, increasing from 4.35% to 4.5%. This makes the account more competitive in the high-yield savings account market. For example, with $1000 in Apple Card savings, the money will grow to $1045 after a year at the new interest rate. However, it’s important to note that interest rates can fluctuate based on the actions of the Federal Reserve and the state of the wider economy. Apple Card users are free to move their money elsewhere at any time if they choose.
In addition, Apple is reportedly seeking a new partner for the Apple Card as its partnership with Goldman Sachs comes to an end. In the meantime, Apple is offering new and existing Apple Card holders three free months of Apple TV+, Apple Music, Apple Arcade, Apple Fitness+, or Apple News+. Previously subscribed users will receive two free months of each service. This offer is available until the end of January 2025.
