Apple is lowering the interest rate on its Apple Card high-yield savings account for the third time this year, bringing the annual percentage yield (APY) down to 4.10%. This follows recent adjustments by the Federal Reserve, and the rate now aligns with other high-yield savings accounts offered by Discover, American Express, and Capital One. Despite the reductions, the Apple Card savings account remains competitive with a higher APY compared to the national average.
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The Reserve Bank of India (RBI) has waived off NEFT charges for savings account holders since January 1, 2020. This move benefits customers who frequently make online NEFT transfers, providing a convenient and cost-effective way to transfer funds. However, charges may still apply for RTGS transactions, which are typically used for larger value transfers.