Apple and Goldman Sachs have increased the interest rate on the Apple Card Savings Account from 3.4% to 3.5% today. This adjustment reflects broader financial conditions and aligns with the rate offered by Goldman Sachs through its Marcus savings account. The Apple Card Savings Account is exclusive to Apple Card users, allowing them to transfer Daily Cash rewards directly into the account or deposit them automatically.

Users can also add funds from a linked bank account or Apple Cash balance. Interest compounds daily, meaning earnings accrue on both principal and accumulated interest, with monthly payouts into the savings account. A limited-time bonus rate of 4.50% is available via a specific link for Marcus accounts.

The rate change underscores the ongoing partnership between Apple and Goldman Sachs in managing the savings product. For more details, users can consult 9to5Mac's comprehensive guide on the Apple Card Savings Account.