Apple’s first savings product launched last year in the US for Apple Card customers and with 2023 wrapped up, Apple is preparing to send 1099-INT tax forms. Here’s when they’re coming and ...

Apple Card Savings currently earns users 4.25% interest, and if that amounts to over $10 annually, it must be reported to the IRS.Since the savings account only launched in April 2023 in the US ...

Apple says that eligible customers should receive their 1099-INT forms by Jan. 31, 2024. "Your 1099 tax forms include any reportable interest and income paid to you, which is shared with the IRS ...

How to Pay Taxes on a Savings Account . Each year, ... Apple Bank Savings Account Interest Rates: June 2025. Best Savings Accounts for Kids and Teens for June 2025: Rates Over 10%.

Apple Card Savings Account . In order to open Apple’s new savings account and take advantage of its high savings rate, you’ll need to have an Apple Card.An Apple Card is Apple’s own credit ...

In April 2023, Apple launched a new savings account, offering a rate well above national average — 4.15%. This APY is on par with some of the top high-yield savings accounts on the market ...

Apple Savings also limits account balances to a maximum of $250,000. "If you try to deposit more than that amount, ... Keep in mind that you'll owe taxes on any interest that you do earn, ...

Apple tax-free shopping. Apple has a web page promoting the deals. ... And while the tax savings on your order may not appear at purchase, they will appear on the final receipt.

Apple Card now has another benefit for cardholders, at least those in the U.S.: a high-yield savings account that gives you daily compound interest with a 4.15 percent APY interest rate.