{"id":16129,"date":"2023-12-22T15:53:50","date_gmt":"2023-12-22T12:53:50","guid":{"rendered":"https:\/\/wikidollar.net\/16129\/apple-ups-the-ante-savings\/"},"modified":"2023-12-22T15:53:51","modified_gmt":"2023-12-22T12:53:51","slug":"apple-ups-the-ante-savings","status":"publish","type":"post","link":"https:\/\/wikidollar.net\/?p=16129","title":{"rendered":"Apple ups the ante: Savings account now offers increased interest rate"},"content":{"rendered":"

Apple ups the ante: Savings account now offers increased interest rate\u060c<\/p>\n

\n

In April this year, Apple, together with Goldman Sachs, unveiled the Apple Card Savings Account, offering an annual percentage yield (APY) of 4.15%. Now, a few months later, the first interest rate increase has been announced.<\/p>\n

According to 9to5Mac<\/a><\/span>, customers will now enjoy an APY of 4.25%, a slight increase from the 4.15% offered since the launch of the Apple Card savings account. Apple announced the interest rate increase via a push notification sent to Apple Card savings account users.<\/p>\n

Exclusively available to Apple Card users, the Apple Card Savings Account allows users to automatically deposit their Daily Cash rewards into a high-yield savings account within the Wallet app<\/a>.<\/p>\n

In addition to Daily Cash auto-deposit, Apple Card users have the option to add additional funds using a linked bank account or their Apple Cash balance. Interest accrues daily and is disbursed at the end of each month.<\/p>\n

Rising interest rates are a positive development for Apple Card Savings account holders, translating into higher interest income on their savings.<\/p>\n

The Apple Card, operated through the Wallet app, has millions of users collectively holding more than $10 billion in associated savings accounts. While Apple manages the card through its app, backend operations are handled by Goldman Sachs.<\/p>\n

However, recent rumors have hinted at the potential conclusion of the partnership between Apple and Goldman Sachs, with Apple reportedly exploring new partnerships for its Apple Card.<\/p>\n

While nothing is confirmed yet, previous reports suggested JP Morgan's Chase could replace Goldman Sachs, although it initially passed on the Apple Card.\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Apple ups the ante: Savings account now offers increased interest rate\u060c In April this year, Apple, together with Goldman Sachs, unveiled the Apple Card Savings Account, offering an annual percentage yield (APY) of 4.15%. Now, a few months later, the first interest rate increase has been announced. According to 9to5Mac, customers will now enjoy an […]<\/p>\n","protected":false},"author":1,"featured_media":16130,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2872,8098,103,3847,2072,924,3414,370,8097],"class_list":["post-16129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-account","tag-ante","tag-apple","tag-increased","tag-interest","tag-offers","tag-rate","tag-savings","tag-ups"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/16129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16129"}],"version-history":[{"count":1,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/16129\/revisions"}],"predecessor-version":[{"id":16131,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/16129\/revisions\/16131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/media\/16130"}],"wp:attachment":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}