American Express vs. Charles Schwab Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
American Express
High Yield Savings Account
3.40%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppShow Fine Print & Trends Hide Details
American Express
High Yield Savings Account
Charles Schwab Bank
Schwab Bank Investor Savings™
0.15%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessShow Fine Print & Trends Hide Details
Charles Schwab Bank
Schwab Bank Investor Savings™
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
American Express vs. Charles Schwab Bank Savings Calculator
American Express earns $1,964.4 more than Charles Schwab Bank.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$2,050.50(10.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,050.50
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$86.10(0.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,086.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing American Express vs. Charles Schwab Bank
Why American Express?
- ✓Higher potential APY (3.40% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
Why Charles Schwab Bank?
No distinct advantages found vs American Express.
— Key Feature Differences —
Better Returns at $10,000
American ExpressAmerican Express's High Yield Savings Account earns more on smaller deposits (approx. $340 vs $15/yr).
Better Returns at $25,000
American ExpressAmerican Express's High Yield Savings Account pulls ahead with larger amounts (approx. $850 vs $38/yr).
Best for Simplicity
American ExpressAmerican Express's High Yield Savings Account offers 3.40% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, American Express's High Yield Savings Account pays $325 more interest on a $10,000 balance than Charles Schwab Bank's Schwab Bank Investor Savings™.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
American Express offers a High Yield Savings Account with a competitive APY of 3.40%, making it a strong choice for savers looking for higher returns without any direct deposit requirements or maintenance fees. This account is online-only and requires no minimum deposit or balance. In contrast, Charles Schwab Bank's Schwab Bank Investor Savings™ provides a significantly lower APY of 0.15%, also with no minimum deposit, balance requirements, or maintenance fees. Overall, American Express stands out as the winner due to its substantially higher APY.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Stop Losing Interest
See who beats both American Express and Charles Schwab Bank.
| Feature | American Express | Charles Schwab Bank |
|---|---|---|
| APY | 3.40% Verified: 12/10/2025 ↘︎ 0.10%90d Change | 0.15% Verified: 12/10/2025 Stable (90d) |
| Product Name | High Yield Savings Account | Schwab Bank Investor Savings™ |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android3.6 | iOS4.8 Android2.9 |
| BBB Rating | F | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | Charles Schwab Bank |
|---|---|---|
| High Yield Savings Account | Schwab Bank Investor Savings™ | |
Current APY | 3.40% | 0.15% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.2 | -0.0 |
Days Since Change | 14 | 314 |
10-Month High | 3.80% | 0.15% |
10-Month Low | 3.40% | 0.15% |
Adjustments / Mo | 0.38 | 0.00 |
Volatility Score | 0.030 | 0.000 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare American Express vs...
Comparing against Standard Savings
Compare Charles Schwab Bank vs...
Comparing against Standard Savings
Higher Rates (With Checking)
Looking for something different? Check out these top-rated alternatives.