Apple launches Apple Card’s savings accounts with 4.15% interest rate
Apple Card customers in the U.S. can open a savings account and earn interest through an Apple saving account. As of today, Apple is going to offer an APY of 4.15%.
The company isn’t making any promise when it comes to future interest rates. It could go up and down at any time.
Apple has partnered with Goldman Sachs once again for the banking feature. Savings accounts are technically managed by Goldman Sachs, which means that balances are covered by the Federal Deposit Insurance Corporation (FDIC).