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%.
蘋果公司（納斯達克股票代碼：AAPL）將降低其蘋果卡高收益儲蓄帳戶的利率，自10月11日星期五起生效。新的年收益率（APY）將爲4.10％，低於之前的4.25％。
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.
發生了什麼：這標誌着蘋果卡儲蓄帳戶今年第三次減息，也是最近幾周第二次下調。
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.
9月下旬，年利率從4.4％下降至4.25％，此前在4月份從4.5％下調至4.4％。即將到來的利率將降至2023年4月推出的初始年利率4.15％以下。
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.
儲蓄帳戶的利率通常會隨着聯儲局的調整而波動。正如聯儲局決策者指出的那樣，最近，9月份大幅下調了50個點子，預計還會進一步下調。
Other high-yield savings accounts, such as those from Discover, American Express, and Capital One, now also offer a 4.10% APY.
其他高收益儲蓄帳戶，例如來自Discover、美國運通和Capital One的帳戶，現在也提供4.10％的年利率。
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.
蘋果與高盛合作開設儲蓄帳戶，該帳戶可供蘋果持卡人使用，可通過iPhone Wallet應用程序進行管理。該帳戶允許用戶通過其每日現金餘額以及從銀行帳戶或Apple Cash轉賬的資金賺取利息。
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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.
爲何重要：根據聯邦存款保險公司的數據，2023年4月推出的蘋果卡儲蓄帳戶最初提供的年利率爲4.15％，大大高於全國平均水平的0.35％。
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.
此舉是蘋果與高盛合作加強其金融服務產品的戰略的一部分。儘管最近有所削減，但該帳戶仍然具有競爭力，利率與其他高收益儲蓄帳戶一致。
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.
正如1月份指出的那樣，今年早些時候，蘋果在1月份將年利率提高至4.35％，這是該帳戶成立以來的第二次增長。但是，該利率仍然落後於一些競爭對手，例如高盛的Marcus品牌提供4.5％的年利率。
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.
隨着利率的持續波動，Apple Card儲蓄帳戶持有人應隨時了解潛在的變化以及這些變化可能如何影響他們的儲蓄策略。
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免責聲明：此內容部分是在人工智能工具的幫助下製作的，並由Benzinga的編輯審閱和發佈。
Photo courtesy: Apple
照片由 Apple 提供
