Charles Schwab Bank: Savings Accounts & Rates

Savings rates updated: 10/1/2025

Mission statement: Banksparency aims to make Charles Schwab Bank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

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Savings Overview

Schwab Bank Investor Savings™: 0.15% APY(Rank 90 out of 97 savings accounts)

Minimum Deposit: $0

National Savings Interest Rate: 0.4% (as of 9/15/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Westlake, Texas

Founded: 2003

Deposit Insurance: FDIC Cert # 57450

BBB Rating: A+

App Store Rating: 4.8/5

Google Play Rating: 2.7/5

Website: Visit Charles Schwab Bank

Our Take on Charles Schwab Bank

Highlights

Current APY of 0.15%, unchanged from 30 days ago.
No minimum deposit or balance requirements.
No maintenance fees associated with the account.
BBB rating of A+ indicates strong trustworthiness.

Considerations

APY is relatively low compared to other high-yield accounts.
Google Play rating is only 2.7, indicating user dissatisfaction.
No direct deposit requirement may limit some features.
No physical branches available for in-person service.

Summary: Charles Schwab Bank offers the Schwab Bank Investor Savings™ account with a current APY of 0.15%, which has remained stable over the past month. The account has no minimum deposit or balance requirements and charges no maintenance fees, making it accessible for many savers. However, the APY is lower compared to other high-yield accounts, and the bank's Google Play rating suggests some user dissatisfaction. Overall, it holds a strong BBB rating of A+.

Savings Account: In-Depth View

Savings Account Offered by Charles Schwab Bank

Feature	Schwab Bank Investor Savings™
APY	0.15% (as of 10/1/2025)
APY Trend	Stable for the last quarter
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
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Charles Schwab Bank

All calculations are based on APY.

Savings Product:

Schwab Bank Investor Savings™ (APY: 0.15%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $56 (0.40%)
Total contributions: $13,000 (92.49%)
Initial deposit: $1,000 (7.11%)

Your total balance

$14,056.00

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	244
High (-8 m)	0.15 %
Low (-8 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 8 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 (-8 m): Highest APY in the last 245 days.
Low (-8 m): Lowest APY in the last 245 days.
Draw-down from High: How far today sits below the 8-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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My Banking Direct - 4.30% APY
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Salem Five Direct - 4.01% APY
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TD Bank - 0.05-3.00% APY
The State Exchange Bank - 4.11% APY
TIMBR - 4.40% APY
UFB Direct - 3.90-4.10% APY
Upgrade - 3.42% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.35% APY

Feature	Charles Schwab Bank	Select a bank...
Product	Schwab Bank Investor Savings™	N/A
APY	0.15% (as of 10/1/2025)	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