Apple Savings APY falls to new all-time low of 3.90% after Federal Reserve rate cut

The Apple Savings APY has fallen to a new all-time low of 3.90% after the Federal Reserve cut interest rates in November. Apple launched its high-yield savings account in April 2023 at 4.15% APY, and it has since experienced several rate cuts. Despite the decrease, Apple Savings remains competitive in the market, which ranges between 3.90% and 4.80% interest rates on high-yield accounts.