Apple Card Apple Savings - APY Increase?

[vpr611]

With other High Yield Online Savings accounts rapidly increasing their APY when do you think we might see Apple do so?

 

[teeshot44]

Don’t hold your breath waiting. The Fed is generally not expected to raise rates when they meet next week. That will mean Banks will hold steady and some could start lowering.

 

[msackey]

I was wondering this same thing. Discover Bank, for instance, has raised their savings interest rate to 4% which is almost on par with Apple Savings which is at 4.15%.

 

[russell_314]

With other High Yield Online Savings accounts rapidly increasing their APY when do you think we might see Apple do so?

I’ve seen some increase their rates close but not more so I don’t see it happening. When another bank creates a similar account that has 5% interest I’m sure it might. Apple doesn’t need to offer significantly more, but just more because more is more.

Also, I don’t see the feds raising interest rates with the way the economy is going so I wouldn’t hold your breath

 

[goodcow]

I was wondering this same thing. Discover Bank, for instance, has raised their savings interest rate to 4% which is almost on par with Apple Savings which is at 4.15%.

Discover Online Savings is now at 4.15% as well.

 

[Tokenfreak]

Discover Online Savings is now at 4.15% as well.

Its now 4.30% and apple still at 4.15%

 

[Böhme417]

I recently got an email for a Marcus HYSA at 4.25%, so maybe there's hope for them raising the Apple savings one.

 

[Tokenfreak]

I recently got an email for a Marcus HYSA at 4.25%, so maybe there's hope for them raising the Apple savings one.

Cool good to know. I hope so.

 

[MacDaddyPanda]

GS raised my Marcus HYS to 4.30%. Is the ACS next?

 

[Tokenfreak]

GS raised my Marcus HYS to 4.30%. Is the ACS next?

Still nothing yet...

 

[Tokenfreak]

I move all my money out to a higher HYSA for now.