Apple Savings cuts its interest rate again, this time to 3.65%

Apple Savings rates cuts have happened a few times in a row

Apple Savings account holders will get less for their money, after another interest rate cut brings it down to 3.65%.

The Apple Card Savings Account provides a high-yield savings facility for users of the financial service. Following a series of rate cuts over time, the Apple Card Savings Account is now at its lowest level.

On Wednesday, Apple started to advise Apple Savings users of yet another drop of the annual percentage yield (APY). Now, users have to endure a yield of 3.65%.

It is the latest cut to the account, which has seen a steady drop in rate since its 4.5% high in January 2024. Since then , it has seen periodic cuts, with the previous one being to 3.75% in March 2025.

The cuts relative to its 2023 launch are largely forced by Federal Reserve rate cuts, from a period when interest rates were high. It's a phenomena that doesn't just affect Apple Savings users, as competitors are also feeling the sting as well.

Apple Savings users do not need to do anything following the notification, as the new 3.65% interest rate already applies to accounts.