The annual percentage yield (APY) for the Apple Card's savings account increased from 3.4% to 3.5% today. If you deposited $1, a user, deposited $1,000 and made no withdrawals for one year, you would earn $35 in interest at the current APY. This update applies to the Apple Card savings account offered through Apple.

The change reflects a modest increase in the interest rate for eligible account holders. Apple Card is a financial product issued by Goldman Sachs and integrated with Apple Wallet. The savings account feature allows users to earn interest on daily balances.

No fees or minimum balance requirements apply to the account. The rate change is effective immediately for all existing and new depositors. Apple continues to enhance its financial services ecosystem with incremental improvements like this rate adjustment.