The Apple Card Savings interest rate has been increased a second time, just two weeks after a previous hike. The annual percentage yield (APY) is now 4.35%.
While there are still better deals out there, Apple does seem to be aiming to remain broadly competitive, as it seeks a new partner bank …
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The Apple Card has been out since August 2019, meaning I have had this card for almost four years now. The Apple Card was one of the first credit cards that I was ever approved for. I remember really wanting it purely for the titanium and the cool Apple Wallet integration (which goes to show how much I knew about credit cards back then). But in those four years, I have used it in various settings for different categories and gotten some great value from it. But in 2023, the credit card scene has become extremely competitive, so how does the Apple Card hold up as a zero annual fee card compared to the competition? And is it still worth it to get?
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Last month, the Wall Street Journal reported that some Apple Card Savings Account users were facing weekslong delays when trying to transfer money from an Apple savings account to an external bank account.
Seemingly in response to those complaints, Apple is offering a $100 credit to affected users. It has also made two changes to the Apple Card Savings Account’s fine print to clarify things…
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It’s almost a decade since I first suggested that we might one day see an Apple Bank. Given that not even Apple Pay existed back then, I’ll be the first to admit that it seemed a pretty out-there idea at the time.
By 2015, it seemed significantly less of a stretch, and yesterday’s billion dollar news brought us even closer …
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