Apple Savings Account Interest Rate Increased to 4.25% APY - MacRumors
Skip to Content

Apple Savings Account Interest Rate Increased to 4.25% APY

by

Apple Savings account holders are currently receiving push notifications informing them that Goldman Sachs has raised the interest rate on the account to an annual percentage yield (APY) of 4.25% from 4.15%. This is the first increase in the interest rate since the feature launched back in April.

apple savings 4 25 percent interest
While the increase is a welcome one for Apple Savings customers and is a fairly competitive rate, there are some other high-yield savings accounts on the market that currently offer even higher rates.

The interest rate hike comes as Apple and Goldman Sachs are working out how to terminate their partnership for Apple Card and Apple Savings as Goldman Sachs seeks to exit the consumer business.

Recent reports have indicated that Apple has submitted a proposal to Goldman Sachs that would wind down the partnership over the next 12 to 15 months, but for the time being, there have been no changes to the availability of ‌Apple Card‌ and Apple Savings.

Apple and Goldman Sachs are reportedly looking for a new partner or partners to take over management of ‌Apple Card‌ and Apple Savings, and it's unclear how the offerings may be affected by such a shift.

(Thanks, KPOM!)

Tag: Apple Card Guide

Popular Stories

samsung galaxy card

Samsung Debuts Galaxy Card With 5% Cash Back to Take On Apple Card

Monday July 20, 2026 4:39 pm PDT by
Samsung today announced the launch of its first credit card in the United States, debuting the Samsung Galaxy Card in partnership with Barclays. The Samsung Galaxy Card works as a standard Visa card and offers special financing options for Samsung Galaxy devices purchased through Samsung. Apple Card has a similar financing option for Apple devices. There is no annual fee for the Samsung...
Read Full Article • 107 comments
apple card booking genius

Apple Card Now Fast-Tracks Booking.com Perks With Just One Trip

Tuesday August 4, 2026 7:13 am PDT by
Apple Card users now have a new benefit available to them at Booking.com, with users automatically being upgraded to Genius Level 2 after completing just one eligible stay or car rental rather than the usual standard of five bookings within a two-year period. Genius is Booking.com's free loyalty program, with Level 2 unlocking a number of benefits including discounts of 10–15% on select...
Read Full Article • 17 comments
iPhone 18 Pro Deep Red Feature

iPhone 18 Pro Launching Next Month With These 12 New Features

Thursday August 6, 2026 7:03 am PDT by
It is now August, and that means the iPhone 18 Pro and iPhone 18 Pro Max are just a month away. The devices are expected to look similar to the iPhone 17 Pro and iPhone 17 Pro Max, but there will still be many year-over-year changes, with rumored features including a smaller Dynamic Island, 5G via satellite, and more. Apple is expected to unveil the iPhone 18 Pro, iPhone 18 Pro Max, and a...
Read Full Article • 47 comments

Top Rated Comments

Velin Avatar
Velin
35 months ago
It's decent, and I like Apple Pay, Apple Card, and the Apple Savings account. But there are money market funds paying 5.30% and even higher. In the world of finance, 100 basis points is an enormous spread -- enough to make enormous profits.

Heck, anyone servicing this account could simply take these deposits, buy one-month T-Bills at the open market auction, and pocket a very healthy profit for executing a kindergarten-level trade requiring zero skill, and nearly zero risk.
Score: 21 Votes (Like | Disagree)
C
Coreymac84
35 months ago
Decent but there’s better from reputable banks.
Score: 14 Votes (Like | Disagree)
S
sevoneone
35 months ago

I’m assuming this is why Apple ditched them.
It's the other way around. Goldman wants out of the consumer banking business. Turns out running a consumer credit operation with no opaque BS or fine-print predatory practices doesn't make a lot of money. I just hope Apple finds a new partner that will keep all the straightforward transparency and options they have established.
Score: 12 Votes (Like | Disagree)
sw1tcher Avatar
sw1tcher
35 months ago
So Goldman Sachs is giving Apple Savings account holders 4.25% while their Marcus account holders get 4.5%.

🤣




Attachment Image
Score: 11 Votes (Like | Disagree)
sw1tcher Avatar
sw1tcher
35 months ago

CD’s are 5.35% lol. thats what apple is buying with the money you deposit into the wallet app. They give you 4.25 and keep the difference
Uh, since Apple is not a bank, Apple cannot hold the funds. Any funds deposited into an Apple Savings account goes to Goldman Sachs, Apple's partner. Therefore, it is Goldman Sachs who is keeping the difference between what they do with the funds (e.g. buying short term Treasuries that yield 5.4%+) and the 4.25% they pay account holders.
Score: 10 Votes (Like | Disagree)
C
currocj
35 months ago
Nothing like inflation to make 4.25% look like losing ground!
Score: 8 Votes (Like | Disagree)
Read All Comments