Apple is increasing the interest rate on its Apple Card Savings account. Multiple outlets report that the annual percentage yield (APY) moves up from 3.4% to 3.5%, effective September 22.
Both sources frame the change as a small adjustment after prior declines. Apple Card Savings is presented as a high-yield savings option linked to the Apple Card, with the rate having dropped in earlier periods before this increase. The updated APY affects how much interest customers would earn over time: one source illustrates that a $1,000 deposit held for a year, with no withdrawals, would earn $35 at 3.5% APY instead of $34 at 3.4% APY.
