Apple Card Savings Account vs. Top High-Yield Savings Accounts in 2025
Looking for the best high-yield savings account in 2025? Wondering if the Apple Card Savings account is still a smart choice? With fluctuating interest rates and rising competition from online banks, it's important to know where your money earns the most. The Apple Card Savings account, managed through the iPhone Wallet app, currently offers a 3.65% APY. But is that enough compared to other high-interest options like UFB Direct, SoFi, or Barclays? In this post, we’ll compare the latest APYs, highlight accounts with the highest returns, and break down which savings option gives you the best bang for your buck.
Apple Card Savings: Convenient but No Longer Top of the Pack
Since its launch in April 2023, Apple’s high-yield savings account—powered by Goldman Sachs—has attracted users with its seamless Wallet app integration, no fees, and no minimum balance requirements. It was especially appealing when it debuted with a 4.15% APY, later peaking at 4.5% in early 2024. However, Apple just lowered the rate to 3.65%—its lowest ever.
That means if you deposit $1,000 and keep it there for a year, you’d only earn $36.50 in interest. While it’s still better than traditional savings accounts from big banks, it now trails behind several high-yield competitors.
High-Yield Savings Accounts Offering Better APYs
If your goal is to maximize passive income or optimize emergency savings, you may want to explore accounts offering higher APYs. As of May 28, 2025, several online and fintech banks are delivering better interest returns than Apple’s offering:
| Provider | APY |
|---|---|
| UFB Direct | 4.01% |
| Barclays | 3.80% |
| PNC Bank | 3.95% |
| SoFi | 3.80% |
| Fierce | 4.25% |
| Openbank by Santander | 4.40% |
| Pibank | 4.60% |
These rates, while subject to change, indicate a trend: digital-first banks often offer superior returns compared to legacy institutions or tech-finance hybrids like Apple Card Savings.
Key Features of the Apple Card Savings Account
Despite the lower APY, the Apple Card Savings account still holds appeal for iPhone users seeking simplicity and automation. Here’s what you get:
-
No fees, no minimum deposit
-
Daily Cash automatically deposits into savings
-
Maximum balance up to $1 million
-
Fully managed within the iPhone Wallet app
This account is ideal for users who value ease-of-use over top-tier earnings. It also allows you to earn interest on Apple Card Daily Cash cashback, making it a modest but effortless way to grow passive income.
What’s Next for Apple Card Savings?
Apple's partner Goldman Sachs is reportedly planning to exit the consumer banking space, potentially ending the Apple partnership. While there’s no confirmed impact on current Apple Card holders, future changes could affect savings account rates, terms, or even the platform itself. Competitors like Wealthfront, Betterment, and Citizens Bank continue to innovate in this space, potentially offering more stability and higher returns long-term.
Is Apple Card Savings Worth It in 2025?
The Apple Card Savings account remains a solid option for Apple users who want a user-friendly experience and moderate interest earnings. But if your priority is maximizing interest, then platforms like Pibank (4.60% APY), Openbank by Santander (4.40% APY), or Fierce (4.25% APY) may be better choices.
For best results, compare account features, terms, and APY regularly. With rates shifting alongside Federal Reserve decisions, staying updated can make a real difference in your financial returns.
Post a Comment