Apple Card Savings Interest Rate Reduced Again, Now at 4.25%

William Gallagher reports that Apple Card Savings has decreased its interest rate from 4.35% to 4.25%. Although this drop lowers the yield, it’s still higher than when the product was initially launched at 4.15%. The adjustment is attributed to the fluctuation of APYs in various banks and not due to a specific issue related to Apple Card Savings or Goldman Sachs. No replacement for Goldman Sachs has been formally announced.