Apple Card Savings Account's Lowered Rate Compared to Other Options

[Apple_Robert]

This should come as no surprise. Even though it is lower, I am keeping still.

 

[Debauch]

Better than Wells Fargo at 0.01% 😂

 

[xSushi]

More like a Medium Yield Savings Account at this point 😒

 

[HMI]

That's great until they lower your rate the day before your 1 year completes, and then pay you based on the next day based on the new, updated, lower rate.

 

[H3boy]

More like a Medium Yield Savings Account at this point 😒

That's still high yield as far as savings accounts go.

 

[H3boy]

That's great until they lower your rate the day before your 1 year completes, and then pay you based on the next day based on the new, updated, lower rate.

One year? What are you talking about? They pay out monthly.

 

[Justin Cymbal]

Yeah, the Apple savings rate has come down a lot since I opened my account. I use Fidelity and they currently pay 4.28% on my idle cash (money I’d otherwise use to buy and sell stocks) and although it’s not FDIC insured, it’s as close to it as one could hope for and it beats having to transfer back-and-forth (between a bank & brokerage account) if you do a lot of trading. Not every brokerage firm pays that kind of rate but every month, I see a deposit in my account for between $10-$20 which is nice👌

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