if you purposely pick savings account that are not meant to be high yield, and compare them to a high yield offer, of course you get that. these savings account

if you purposely pick savings account that are not meant to be high yield, and compare them to a high yield offer, of course you get that. these savings accounts aren't meant to hold large sums or accrue interest. they're meant to save up a couple of paychecks and move the money into something else. because believe it or not, people don't use savings accounts to earn interest. it's a temporary place to park a small liquid amount of money. here in the real world, interest rates were increased, so all the high yield savings interest went up. mine is 3.5% w/ sally mae - like capital1's rate. citibank is at 3.85 while discover is 3.75. less known ones like citbank are 4.75 and bask is 4.65. apple is providing APY in response to the current interest rate, just like everyone else, and less than many others. it has nothing to with market response and media coverage, it has to do with Sachs being able to lend your savings back out as mortgages and loans an an increased rate. when the fed rate goes back down, so will all the rates offered by all the banks. this is literally how it does and always has worked. the only thing apple is doing is inserting themselves between you and your savings account at sachs, for some god unknown reason.