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Originally Published: Apr 18, 2023
Originally Published: Apr 18, 2023 Last Updated: May 17, 2024 4 min read
Hand holding the Apple Card credit card
Money, Shutterstock

Apple Card customers can now open a savings account with an annual percentage yield (APY) that beats comparable offerings from some of the nation's largest banks.

On Monday, Apple cardholders got access to open the new high-yield savings account, which has an APY of 4.15%. The national average APY for savings accounts is currently just 0.39%.

Savings accounts have become more attractive in the past year as interest rates have soared, but the Apple account's savings rate is even higher than many of the best offers from major competitors.

Like Apple’s credit card, the new savings account is provided by Goldman Sachs. There’s no annual fee for the savings account or the credit card.