No, the Apple Savings Account is not available in the UK. It is only open to Apple Card holders in the United States, and the Apple Card itself is not offered in the UK. Apple has not announced plans to launch either product here.
Below we explain how Apple Savings works and which UK accounts offer something similar: easy access from an app, no fees and a competitive rate.
What is the Apple Savings Account?
Apple Savings is a high-yield savings account that Apple launched in the US in April 2023. You open and manage it in the Wallet app on your iPhone, and the Daily Cash you earn on the Apple Card can be paid into it automatically.
The account is provided by Goldman Sachs Bank USA. It has no fees, no minimum deposit and no minimum balance. Its rate has moved with US interest rates: it launched at 4.15% APY and was 3.5% APY in September 2026.
In January 2026, Apple announced that JPMorgan Chase will replace Goldman Sachs as the Apple Card issuer over about two years. So far, this has not changed the countries where Apple’s financial products are offered.
Apple Savings alternatives in the UK
The Bank of England base rate was 3.75% in October 2026, and the best UK accounts pay close to it. These are four app-based options:
| Provider | Rate | Type | FSCS deposit protection |
| Chase | 2.25% AER (easy access), 6.50% AER (Regular Saver) | Bank savings | Yes |
| Lightyear | 3.75% AER (Cash ISA), 3.84% AER (Vaults) | Cash ISA and money market fund | Partly |
| Wise | 3.29% (after 0.55% fee) | Money market fund | No |
| Interactive Brokers | Up to 3.205% on balances above £8,000 | Interest on broker cash | Depends on where cash is held |
Variable rates, October 2026. Sources: Chase, Lightyear, Wise and Interactive Brokers. Rates may change. Check the provider’s website before you open an account.
Chase: closest to a bank savings account
Chase is the UK digital bank of JPMorgan Chase, the bank taking over the Apple Card in the US. Its savings are bank deposits, so they are covered by the FSCS.
The Chase Saver is an easy access account paying 2.25% AER, set 1.50% below the base rate. The Regular Saver pays 6.50% AER, fixed for 12 months, but you can only pay in up to £300 a month. You need a Chase current account to open either.
Lightyear: best for a tax-free Cash ISA
Lightyear offers a flexible Cash ISA that paid 3.75% AER in October 2026, equal to the base rate, with tax-free interest paid monthly. Part of the money is held in qualifying money market funds, so Lightyear warns that your capital is at risk.
Outside the ISA, Lightyear Vaults invest your cash in a BlackRock money market fund. GBP Vaults paid 3.84% AER in October 2026, after fees. Vaults are an investment, so FSCS deposit protection does not apply.
When investing, your capital is at risk.
Wise: best for holding several currencies
Wise Interest invests your balance in a BlackRock money market fund. On GBP, the variable rate was 3.29% in late September 2026, after an annual fee of 0.55%.
This is not a savings account. Your capital is at risk, the return can change every day and FSCS deposit protection does not apply.
Interactive Brokers: for investors with a large cash balance
Interactive Brokers pays interest on uninvested cash in your investment account. For accounts worth more than $100,000, the GBP rate was 3.205% on balances above £8,000. The first £8,000 earns nothing, and smaller accounts receive a lower rate.
This makes sense if you already invest with IBKR and keep cash between trades. It is not a substitute for a savings account if you have less than £8,000.
What UK savers should know
FSCS protection: since 1 December 2025, the FSCS protects deposits up to £120,000 per person, per bank. Banks that share a banking licence count as one bank. Money market funds and other investments are not deposits, so this protection doesn’t apply to them.
Fixed or variable rates: fixed-rate accounts usually pay more, but you lock your money away for a set period. Variable rates move with the base rate, and you can withdraw at any time.
Tax on interest: the Personal Savings Allowance lets you earn £1,000 of interest a year tax-free as a basic rate taxpayer and £500 as a higher rate taxpayer. Additional rate taxpayers get no allowance. From 6 April 2027, tax on savings income above the allowance rises to 22%, 42% and 47%.
Cash ISA: interest in a Cash ISA is tax-free. You can pay in up to £20,000 a year. From 6 April 2027, the Cash ISA limit falls to £12,000 for savers under 65, while the total ISA allowance stays at £20,000.
Tax treatment depends on your individual circumstances and may change.
The bottom line
The Apple Savings Account is only available in the US, and Apple has given no sign of a UK launch. In October 2026 it paid 3.5% APY.
In the UK, the Lightyear Cash ISA paid 3.75% AER tax-free, equal to the base rate. For money fully covered by FSCS deposit protection, Chase pays 2.25% AER on easy access and 6.50% AER on up to £300 a month in its Regular Saver. Wise and Interactive Brokers suit money you hold for spending or investing, rather than long-term savings.
FAQ
Can I open an Apple Savings Account in the UK?
No. Apple Savings is only available to Apple Card holders in the US, and the Apple Card requires a US address.
What interest rate does Apple Savings pay?
3.5% APY in September 2026. The rate is variable and has changed several times since the 4.15% launch rate in April 2023.
Is my money safe in a UK savings account?
Deposits with UK-authorised banks and building societies are protected by the FSCS up to £120,000 per person, per bank. Money market funds, such as Wise Interest or Lightyear Vaults, are investments and are not covered by this protection.
Do I pay tax on savings interest in the UK?
Only on interest above your Personal Savings Allowance: £1,000 for basic rate taxpayers, £500 for higher rate taxpayers and £0 for additional rate taxpayers. Interest in a Cash ISA is always tax-free.
Pedro is passionate about finance, marketing, and technology. He is a growth manager at several online projects and a former digital marketer for a fintech company.
