Apple Savings APY Hits New Low of 3.75% Amid Economic Uncertainty

Apple Savings APY Dips to New All-Time Low of 3.75%

• March 26, 2025: The Apple Savings Annual Percentage Yield (APY) has dropped to a new all-time low of 3.75%.
• History of Rate Changes:
  • Launched in April 2023 at 4.15% APY.
  • Climbed to 4.5% by January 2024.
  • First rate cut to 4.4% in April, followed by a second cut to 4.25% in September, and another to 4.10% in October.
  • Dropped to 3.90% in December, which was then the all-time low.
• Reasons for Rate Decreases:
  • The Federal Reserve lowered interest rates by a half percent in September and another quarter percent in November, impacting the market.
  • Economic uncertainty and inflation are also affecting interest rates.
• Competitive Landscape:
  • Apple Savings remains competitive, but not the best option, with market rates ranging between 3.70% and 4.41% on high-yield accounts.
• User Impact:
  • No action needed by users; the new rate is already in effect.