Apple is allowing existing iCloud storage subscribers to keep “legacy” plans while paying a cheaper annual fee that they would if signed on to the recently introduced monthly rates. Although the new iCloud storage tiers are only being offered as a monthly subscription service, the company is extending the option to keep the same amount of cloud space for a less-expensive annual fee for existing customers.

The Cupertino California company sent out emails notifying paying iCloud storage customers that their annual accounts have been upgraded as a result of the new pricing plans. According to the notice, refunds are also being issued based on the newly introduced price reduction and months remaining in a given subscription. For example, users with a 25 GB plan which is no longer offered are seeing annual price drops from $40 per year to only $11.99 per year. These savings are compared to Apple’s new 20 GB tier which is being sold for 99 cents a month or a total of $11.88 per year.

One thing Apple did note was that existing customers who are being given discounts won’t be able to return to a grandfathered plan once they switch to one of the new monthly subscription offerings.

Source: Apple via AppleInsider