The interest rate earned by cash stored in Apple Card Savings accounts dropped on Wednesday, continuing a series of such reductions begun in 2024 when the Federal Reserve cut its benchmark interest rate. Money in these accounts now earns 3.65% in annual interest.
Over the past two years, Apple and Goldman Sachs boosted and lowered in the rate multiple times. And the current rate is still well above what’s earned by typical savings accounts.

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May 27, 1986: An exiled Steve Jobs takes a shot at Apple after the company ditches Chiat/Day, the ad agency that created the iconic “1984” Macintosh ad. In a full-page ad published in The Wall Street Journal, Jobs says the move to competing ad agency BBDO shows that “caretakers” rather than “builders” now run Apple.
May 26, 2010: In a massive milestone, Apple passes Microsoft to become the world’s most valuable technology company for the first time.
May 25, 2010: Apple opens an investigation into a string of suicides at Foxconn, its Chinese manufacturing partner for assembling iPhones.
May 24, 2013: Apple begins phasing out the option to download movie trailers from its once enormously popular iTunes Movie Trailers website.