Apple Card How much interest do you earn per month with your Apple Savings Account?

[212rikanmofo]

I have about $140 in my Apple Savings account and noticed I earn about 0.48 cents per month? How is this calculated? I thought that the interest I earn is suppose to be 4.15%?

What if i have $1000 in my account, how much interest will I earn monthly?

 

[Sheepish-Lord]

It’s no secret just basic math. If you have $1K for the entire year then its 1000 x .0415 / 12 = $3.45/month

I’m sure someone better at math has an easier way. If you start adding or removing money from the account that’s when the interest amount becomes more volatile.

 

[iStorm]

Sounds right to me… $140 x 0.0415 / 12 = $0.484.

 

[212rikanmofo]

Okay that's exactly what I wanted to know. So that's how it's calculated. Thanks.