The annual percentage yield (APY) for the Apple Card's savings account was lowered from 3.5% to 3.4% this week.
If you deposited $1,000 and made no withdrawals for one year, you would earn $34 in interest at the current APY.
Tag: Apple Card Guide
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Top Rated Comments
7 weeks ago
We've covered the majority if not all of the APY changes since Apple Card Savings launched. At the very least, I hope you appreciate the shorter format now for such a story. All of our previous articles on this topic had the same 3-5 paragraphs rehashing what Apple Card Savings is. We are experimenting with brief stories for certain topics in order to get to the point and save time for both us and readers.
So a 10-basis point shift in savings rates is a MacRumor now?
7 weeks ago
That's it, I'm canceling my Apple Card. I had some big dreams for that extra 27 cents a year I will no longer be getting!
7 weeks ago
Why is everything all or nothing? Everyone needs savings and investments.
Looks like I get to be the first one to jump on this thread and say that savings accounts are not a good place to keep your money. If you've got enough to save you've got enough to invest.
7 weeks ago
They have their place, like shorter term holding.
Looks like I get to be the first one to jump on this thread and say that savings accounts are not a good place to keep your money. If you've got enough to save you've got enough to invest.
7 weeks ago
You always need cash on hand for many things that pop up. Medical, household repair/maintenance, spontaneous trips, family, etc. If everything goes in stocks you'll lose money on taxes, and most other investments are longer term in one way or another.
Looks like I get to be the first one to jump on this thread and say that savings accounts are not a good place to keep your money. If you've got enough to save you've got enough to invest.
No matter who you are, you need quick cash on hand. Keep cash, and invest in a smart way.
7 weeks ago
Yes, yes, yes!!! THANK YOU!!!
We've covered the majority if not all of the APY changes since Apple Card Savings launched. At the very least, I hope you appreciate the shorter format now for such a story. All of our previous articles on this topic had the same 3-5 paragraphs rehashing what Apple Card Savings is. We are experimenting with brief stories for certain topics in order to get to the point and save time for both us and readers.
