For the first time, Apple's backend data shows that the annual interest rate of Apple Card Savings Account will be adjusted to 4.4%.

IT House News on April 2nd, MacRumors writer Aaron Perris dug into Apple’s backend data and discovered from the code that Apple plans to adjust the annual interest rate of the Apple Card Savings Account on April 3rd. Reduced from 4.5% to 4.4%.

If officially effective, this will be the first time Apple has lowered the annual interest rate since it launched the Apple Card Savings Account in the United States in nearly a year.

The 4.4% interest rate is still very competitive compared to many other popular high-yield savings accounts, which typically range from 4.25% to 5.25%.

IT Home Note:

• When Apple Card Savings Account was launched, the annual interest rate was 4.15%.
• Apple subsequently raised interest rates three times, first to 4.25%, then to 4.35%, and finally to 4.5%.
• The drop to 4.4% will be the first reduction in the rate.

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