Charles Schwab Bank
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
Schwab Bank Investor Savings™: 0.15% APY(Rank 81 out of 87 savings accounts)
Minimum Deposit: $0
National Savings Interest Rate: 0.42% (as of 5/19/2025)
Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.
(Source: FDIC)Bank Overview
BBB Rating: A+
App Store Rating: 4.8/5
Google Play Rating: 2.6/5
Website: Visit Charles Schwab Bank
Our Take on Charles Schwab Bank
Highlights
- BBB rating of A+ indicates strong trustworthiness.
- No maintenance fees on Schwab Bank Investor Savings™ account.
- High App Store rating of 4.8.
- No minimum deposit required for account opening.
Considerations
- Current APY of 0.15% is low compared to other banks.
- Google Play rating is only 2.6.
- No direct deposit requirement may limit some users.
- No branches available for in-person service.
Summary: Charles Schwab Bank offers the Schwab Bank Investor Savings™ account with a current APY of 0.15%, unchanged from 30 days ago. The bank has an A+ BBB rating, indicating reliability, but its low APY may be a drawback for savers. While there are no maintenance fees and no minimum deposit required, the lack of branches and a low Google Play rating could deter some customers. Overall, it may suit those prioritizing online banking.
Savings Account
Savings Account Offered by Charles Schwab Bank
| Feature | Schwab Bank Investor Savings™ |
|---|---|
| APY | 0.15% (as of 6/20/2025) |
| APY Trend | Stable for the last month |
| Minimum Deposit | $0 |
| Minimum Balance for APY | $0.01 |
| FDIC-insured | Yes |
| Online Only | No |
| Bundled Account | No |
| Direct Deposit Required | No |
| Compound Frequency | Daily |
| Maintenance Fee | $0 |
| Eligibility | United States |
No deposit agreement summary available for this bank. | |
Calculate Savings for Charles Schwab Bank
All calculations are based on APY.
Schwab Bank Investor Savings™ (APY: 0.15%)
Deposit Frequency:
Total savings breakdown:
- Interest earned: $0 (0.00%)
- Total contributions: $0 (0.00%)
- Initial deposit: $100 (100.00%)
Your total balance
$100.00
Effective APY: 0.15% (based on your deposit and contributions)
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
| 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 | 142 |
| High (-5 m) | 0.15 % |
| Low (-5 m) | 0.15 % |
| Draw-down from High | 0.0 % |
| Volatility (CV) | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 5 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-5 m)
- Highest APY in the last 143 days.
- Low (-5 m)
- Lowest APY in the last 143 days.
- Draw-down from High
- How far today sits below the 5-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Compare Charles Schwab Bank's Savings Account
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| Feature | Charles Schwab Bank | Select a bank... |
|---|---|---|
| Product | Schwab Bank Investor Savings™ | N/A |
| APY | 0.15% (as of 6/20/2025) | N/A |
| Bundled Account | No | N/A |
| FDIC-insured | Yes | N/A |
| Online Only | No | N/A |
| Compound Frequency | Daily | N/A |
| Minimum Deposit | $0 | N/A |
| Minimum Balance for APY | $0.01 | N/A |
| Maintenance Fee | $0 | N/A |
| Direct Deposit Required | No | N/A |