High Yield SavingsLast night, Apple lowered the interest rate of the Apple Card Savings Account to a new 3.75% APY. While this is down from its highest point at 4.5% APY, Apples rate still holds quite strong to the rest of the banking industry.Apple begun offering the Apple Card Savings Account in April 2023, in partnership with Goldman Sachs. It offered an industry-leading 4.15% APY at the time, and has received a number of adjustments since.Heres how Apples savings account rate compares to the rest of the industry, as of March 26th, 2025:BankInterest RateAlly3.70% APYAmerican Express3.70% APYCapital One3.70% APYDiscover3.70% APYMarcus by Goldman Sachs3.75% APYApple Card Savings3.75% APYSoFi Savings3.80% APYWealthfront4.00% APYRobinhood4.00% APYBarclays Tiered Savings4.15%-4.40% APYOf course, any of these rates will be far higher than what big banks tend to offer. Banks such as Chase, Bank of America, and Wells Fargo all offer interest rates below 0.03% APY.Apples savings account is exclusively available for Apple Card holders. You can learn more about Apple Card and its varying perks here.Are you an Apple Card user? What do you think about Apples savings account offering? Let us know in the comments.My favorite Apple accessories on Amazon:Follow Michael:X/Twitter,Bluesky,InstagramAdd 9to5Mac to your Google News feed. FTC: We use income earning auto affiliate links. More.Youre reading 9to5Mac experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Dont know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel