Apple Card Slashes Savings Account Interest For 3rd Time Following Fed's Decisions: Here's What You Need To Know
Apple Card Slashes Savings Account Interest For 3rd Time Following Fed's Decisions: Here's What You Need To Know
Interest rates for savings accounts often fluctuate in response to Federal Reserve adjustments. Recently, a significant 50 basis point reduction occurred in September, and further cuts are anticipated, as noted by Federal Reserve policymakers.Apple Inc. (NASDAQ:AAPL) is set to lower the interest rate on its Apple Card high-yield savings account, effective Friday, Oct. 11. The new annual percentage yield (APY) will be 4.10%, a decrease from the previous 4.25%.
苹果公司（纳斯达克：AAPL）将于周五，10月11日起降低其苹果卡高收益储蓄账户的利率。新的年百分比收益率（APY）将为4.10%，较之前的4.25%有所降低。
What Happened: This marks the third reduction in the interest rate for the Apple Card savings account this year, and the second in recent weeks.
这标志着苹果卡储蓄账户今年第三次降息，近几周内第二次降息。
In late September, the APY decreased from 4.4% to 4.25%, following an earlier cut from 4.5% to 4.4% in April. The upcoming rate will drop below the initial 4.15% APY introduced in April 2023.
在九月底，年化收益率从4.4%下降到4.25%，紧随四月份从4.5%下调至4.4%之后。即将到来的利率将低于2023年四月引入的初始4.15%的年化收益率。
Interest rates for savings accounts often fluctuate in response to Federal Reserve adjustments. Recently, a significant 50 basis point reduction occurred in September, and further cuts are anticipated, as noted by Federal Reserve policymakers.
储蓄账户的利率往往会随着联邦储备调整而波动。最近，九月发生了显著的50个基点的降息，联邦储备政策制定者指出，预计会进一步降息。
Other high-yield savings accounts, such as those from Discover, American Express, and Capital One, now also offer a 4.10% APY.
其他高收益储蓄账户，如Discover、美国运通和Capital One，现在也提供4.10%的年化收益率。
Apple collaborates with Goldman Sachs for its savings account, which is available to Apple card holders and manageable via the iPhone Wallet app. The account allows users to earn interest on their Daily Cash balance and funds transferred from bank accounts or Apple Cash.
苹果与高盛合作推出其储蓄账户，适用于苹果卡持有者，并可通过iPhone钱包应用进行管理。该账户允许用户在其日常现金余额和从银行账户或Apple Cash转账的资金上获得利息。
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Why It Matters: The Apple Card savings account, launched in April 2023, initially offered a competitive 4.15% APY, significantly higher than the national average of 0.35%, according to the FDIC.
为何重要：苹果卡储蓄账户于2023年四月推出，最初提供了具有竞争力的4.15%的年化收益率，远高于根据FDIC数据的0.35%的全国平均水平。
This move was part of Apple's strategy to enhance its financial services offerings in collaboration with Goldman Sachs. Despite the recent reductions, the account remains competitive, with rates aligning with other high-yield savings accounts.
这一举措是苹果与高盛合作加强其金融服务业务的策略的一部分。尽管最近有所降低，但该账户仍然具有竞争力，利率与其他高收益储蓄账户保持一致。
Earlier this year, Apple raised the APY to 4.35% in January, marking the second increase since the account's inception, as noted in January. However, the rate still lagged behind some competitors, such as Goldman Sachs' Marcus brand offering a 4.5% APY.
今年早些时候，苹果将APY提高至4.35%，这是自1月份账户成立以来的第二次提高，如1月所述。然而，该利率仍然落后于一些竞争对手，如高盛的马库斯品牌提供4.5%的APY。
As interest rates continue to fluctuate, Apple Card savings account holders should stay informed about potential changes and how they might impact their savings strategy.
随着利率持续波动，持有苹果卡储蓄账户的用户应及时了解潜在变化及其对储蓄策略的影响。
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Photo courtesy: Apple
图片提供：苹果
