NVIDIA Resumes China AI Chip Production Amid $1 Trillion Revenue Forecast 
Micron Technology Plans Second Taiwan Chip Facility to Meet AI Memory Demand 
Malaysia Semiconductor Industry Eyes Helium Supply Risks Amid Middle East Conflict 
Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed? 
Jeff Bezos Eyes $100 Billion Fund to Transform Manufacturing With AI 
Trump White House Unveils National AI Policy Framework for Congress 
OpenAI's Desktop Superapp: Unifying ChatGPT, Codex, and Browser Tools for Enterprise AI 
Nvidia Develops Groq AI Chips for Chinese Market Amid Export Shift 
SK Hynix Chairman Warns of Memory Chip Shortage Through 2030 Amid AI Boom 
Hua Hong Group's 7nm Breakthrough Signals China's Growing Chip Independence 
AMD CEO Lisa Su Heads to Samsung's South Korea Chip Facility Amid AI Expansion Talks 
Xiaomi's AI Model "Hunter Alpha" Mistaken for DeepSeek's Next Release 
Alibaba Bets on AI Agents to Unify Its Vast Digital Ecosystem 
Foxconn Shares Slip After Q4 Profit Miss Despite Record Revenue and Strong AI Outlook 
Cyberattack on Stryker Triggers U.S. Government Warning Over Microsoft Intune Security 
Amazon's AWS Could Hit $600 Billion in Revenue as AI Reshapes Cloud Growth 
Meta Eyes Massive Layoffs to Fund AI Ambitions 
Apple is sending push messages to Apple Savings account holders informing them of yet another rate increase. The Apple Card Savings Account APY has increased to 4.50%, up from 4.35%.
Apple Savings Account Interest Rate Increased to 4.50% APY
This is the third APY rate hike for the Apple Card Savings Account since December. The first rise was from 4.15% to 4.25%, and the second, implemented in early January, was from 4.25% to 4.35%, as per MacRumors.
Apple's last rate rise brought its APY in line with the APY offered by several other popular high-yield savings accounts from American Express and Discover. With the latest boost, the Apple Savings Account now matches the APY of Marcus by Goldman Sachs.
Since April 2023, Apple Card customers in the United States can access a high-yield savings account through a relationship with Goldman Sachs.
Apple Card users can earn interest on both automatic Daily Cash deposits and personal monies transferred to their accounts. Apple lets consumers deposit up to $250,000.
Apple Savings Accounts See Interest Rate Increase Amid Goldman Sachs Partnership Reevaluation
In December 2023, Apple Savings account holders received push notifications telling them that Goldman Sachs had boosted the account's interest rate to 4.25% from 4.15%. This was the first hike in interest rates since the feature's inception in April 2023.
While the rise was nice for Apple Savings clients and represents a fairly competitive rate, there were other high-yield savings accounts on the market that now offer even greater rates.
The interest rate hike came as Apple and Goldman Sachs discussed how to end their relationship for Apple Card and Apple Savings, as Goldman Sachs was preparing to quit the consumer industry at the time.
Apple presented a proposal to Goldman Sachs to end the agreement in 12-15 months. However, Apple Card and Apple Savings remain available for now.
Apple and Goldman Sachs are apparently looking for a new partner or partners to take over the administration of Apple Card and Apple Savings. It's unclear how this transition may affect the offers.
Photo: blocks/Unsplash
