Last evening, Apple announced a reduction in the interest rate for the Apple Card Savings Account, now set at 3.75% APY. Although this is a decrease from its peak of 4.5% APY, Apple’s rate remains competitive within the banking sector.
Introduced in April 2023, the Apple Card Savings Account was launched in collaboration with Goldman Sachs. Initially, it featured an impressive 4.15% APY, which has been adjusted several times since then.
As of March 26, 2025, here’s how Apple’s savings account interest compares to other financial institutions:
| 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 important to note that these rates significantly exceed those offered by major banks. Institutions like Chase, Bank of America, and Wells Fargo provide interest rates that fall below 0.03% APY.
The Apple savings account is exclusively available to Apple Card holders. To discover more about the Apple Card and its various benefits, click here.
If you’re a user of the Apple Card, what are your thoughts on the savings account? Share your opinions in the comments.
Check out my favorite Apple accessories on Amazon:
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