Charles Schwab Bank

Last Updated: 7/3/2025

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

Quick Views

Schwab Bank Investor Savings™: 0.15% APY(Rank 82 out of 88 savings accounts)

Minimum Deposit: $0

National Savings Interest Rate: 0.38% (as of 6/16/2025)

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 the Schwab Bank Investor Savings™ account.
Current APY of 0.15% remains steady over 30 days.
High App Store rating of 4.8.

Considerations

Google Play rating is low at 2.6.
Direct deposit is not required but may limit account appeal.
APY of 0.15% is relatively low compared to competitors.
No branches may limit in-person service options.

Summary: Charles Schwab Bank offers the Schwab Bank Investor Savings™ account with a stable APY of 0.15% and no maintenance fees. The bank has a strong BBB rating of A+, but the Google Play rating is low at 2.6, suggesting user dissatisfaction. While there are no branches, the high App Store rating of 4.8 reflects positive user experiences. Savers seeking higher yields may find better options elsewhere.

Savings Account

Savings Account Offered by Charles Schwab Bank

Feature	Schwab Bank Investor Savings™
APY	0.15% (as of 7/3/2025)
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.

Savings Product:

Schwab Bank Investor Savings™ (APY: 0.15%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

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	153
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 154 days.
Low (-5 m): Lowest APY in the last 154 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 7/3/2025)	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