Charles Schwab Bank: Savings Account & Rates
Mission: Banksparency aims to make Charles Schwab Bank's savings account transparent and comparable to the market.
Savings Overview
Schwab Bank Investor Savings™
| Min. Deposit | $0 |
| Min. Balance | $0.01 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.
Bank Overview
- HQ LocationWestlake, Texas
- Founded2003
- Ratings & Trust
- Zelle® SupportAvailableIntegrated into Investor Checking; high liquidity.
- Deposit InsuranceFDIC Insured(Cert: 57450)
Our Take on Charles Schwab Bank
The Good
- No minimum deposit or balance requirements
- No monthly maintenance fees
- Highly rated iOS app (4.8 stars)
Considerations
- Yield is below current market leaders
- Low-rated Android app (2.8 stars)
Charles Schwab Bank offers the Schwab Bank Investor Savings™ account with an APY of 0.15%. This account has no minimum deposit or balance requirements and does not charge monthly maintenance fees. Additionally, there are no direct deposit requirements, making it accessible for all users. However, it's important to note that the yield is below current market leaders, and while the iOS app is highly rated at 4.8 stars, the Android app has a lower rating of 2.8 stars.
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Charles Schwab Bank
| Feature | Schwab Bank Investor Savings™ |
|---|---|
APY | 0.15%Verified: 1/7/2026 |
APY Trend | Very StableNo rate changes in last 90 days |
Min. Deposit | $0 |
Min. Balance | $0.01 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | Yes |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
| Next Steps | - |
Calculate Savings for Charles Schwab Bank
Savings Breakdown
- Interest Earned+$56.00(0.4%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,056.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Charles Schwab Bank Savings Rates Over Time
Historical APY Insights
Last 11 Months| Metric | Schwab Bank Investor Savings™ |
|---|---|
Latest APY | 0.15% |
Trend | Sideways |
Slope (bps/mo) | 0.0 |
Rate Changes / Mo | 0.00 |
Days Since Last Change | 342 |
High (-11m) | 0.15% |
Low (-11m) | 0.15% |
Draw-down | 0.0% |
Volatility (CV) | 0.000 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 342-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Charles Schwab Bank
| Feature | Current View Charles Schwab Bank | Empty Slot |
|---|---|---|
| Product | Schwab Bank Investor Savings™ | - |
APY | 0.15%Verified: 1/7/2026 | - |
APY Trend | Very StableNo rate changes in last 90 days | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | Yes | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare Charles Schwab Bank's APY of 0.15% with other banks
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