Cash App is offering up to 4.5% interest on savings. To earn this , users must get a Cash App Card, set up direct deposits and then keep depositing paychecks.
Apple's recent move to boost the interest rate for its Apple Card Savings Account to 4.5% is now prompting a competitor to do the same. Cash App today announced it will now offer "up to" a 4.5% APY (annual percentage yield) for its Cash App Savings customers, with a few caveats. While Apple's Savings account requires that customers qualify for an Apple Card credit card, Cash App will limit its high percentage rate to its cardholders in a different way.
Apple's recent move to boost the interest rate for its Apple Card Savings Account to 4.5% is now prompting a competitor to do the same. Cash App today announced it will now offer "up to" a 4.5% APY (annual percentage yield) for its Cash App Savings customers, with a few caveats. While Apple's Savings account requires that customers qualify for an Apple Card credit card, Cash App will limit its high percentage rate to its cardholders in a different way.
Apple's previous rate increase had already aligned it with the APY offered by several other popular high-yield savings accounts, such as those from American Express and Discover.