Apple Card Savings Rate Drops to 3.9% APY as Fed Cuts Continue

Apple Card's high-yield savings account, powered by Goldman Sachs, has reduced its annual percentage yield from 4.25% to 3.9% APY, effective March 15, 2026.

This follows the Federal Reserve's latest 25-basis-point rate cut, bringing the federal funds rate to 4.00-4.25%.

Context: - Peak Apple Savings rate: 4.50% (mid-2024) - Current rate: 3.9% - National savings average: 0.45%

Even at 3.9%, the Apple Card savings account still offers roughly 8.5x the national average. For a $10,000 balance, you'd earn ~$390/year vs ~$45 at a typical bank.

Competitors: - Marcus by Goldman Sachs: 3.8% APY - Ally Bank: 3.85% APY - Wealthfront Cash: 4.0% APY - Discover Online Savings: 3.75% APY

Our take: The Apple Card savings account remains competitive and extremely easy to use for iPhone owners. The seamless Daily Cash → savings deposit workflow is unmatched. But rate-chasers might want to look at Wealthfront or Treasury bills for slightly better yields.