Barclays vs. Charles Schwab Bank
Comparing Barclays and Charles Schwab Bank for savings: Barclays's Tiered Savings pays 3.85% APY while Charles Schwab Bank's Schwab Bank Investor Savings™ pays 0.15% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Barclays pays $355 more than Charles Schwab Bank annually ($370 vs $15).
Choose Barclays if getting the best rate matters most, or you're an Android user. Choose Charles Schwab Bank if you want Zelle for quick transfers.
| Metric | BarclaysTiered Savings Mar 24, 2026 | Charles Schwab BankSchwab Bank Investor Savings™ Mar 24, 2026 |
|---|---|---|
| APY | 3.70% - 3.85% | 0.15% |
Est. Earnings | $5,000+$185 $10,000+$370 $25,000+$925 | $5,000+$8 $10,000+$15 $25,000+$38 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 3.85% APY is only available for balances over $250,000. For lower balances, the APY is 3.70%. | - |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessZelle® SupportedDaily CompoundingStable Rate |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing Barclays vs. Charles Schwab Bank
Executive Summary
Barclays offers a Tiered Savings account with a competitive APY of 3.85% for balances over $250,000, while lower balances earn 3.70%. In contrast, Charles Schwab Bank's Schwab Bank Investor Savings™ provides a significantly lower APY of 0.15%. Both accounts require no maintenance fees and have no direct deposit requirement, but only Barclays's account is available online. The stark difference in APY makes Barclays the clear choice for savers looking to maximize their returns.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Barclays?
- ✓Higher potential APY (3.85% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.7 vs 3.0)
Why Charles Schwab Bank?
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
BarclaysBarclays's Tiered Savings earns more on smaller deposits (approx. $370 vs $15/yr).
Better Returns at $25,000
BarclaysBarclays's Tiered Savings pulls ahead with larger amounts (approx. $925 vs $38/yr).
Shared Benefits
Over a 1-year period, Barclays's Tiered Savings pays $355 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Barclays vs. Charles Schwab Bank Savings Calculator
You earn $355 more with Barclays than Charles Schwab Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Barclays
Tiered Savings
Higher APY requires $250,000
Savings Breakdown
- Interest Earned+$370.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,370.00
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$15.00(0.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,015.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Barclays | Charles Schwab Bank |
|---|---|---|
| APY | 3.85% Range: 3.70% - 3.85% Verified: 3/24/2026 ↘︎ 0.15%90d Change | 0.15% Verified: 3/24/2026 Stable (90d) |
| Product Name | Tiered Savings | Schwab Bank Investor Savings™ |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $250,000 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | None | N/A |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Integrated into Investor Checking; high liquidity. |
| BBB Rating | A+ | A+ |
| Important Notes | The 3.85% APY is only available for balances over $250,000. For lower balances, the APY is 3.70%. | - |
| Next Steps | Visit SiteVerify at Barclays Non-sponsored link to official site | Visit SiteVerify at Charles Schwab Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | Charles Schwab Bank | |
|---|---|---|---|
| Tiered Savings | Online Savings | Schwab Bank Investor Savings™ | |
Current APY | 3.85% | 3.50% | 0.15% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.5 | -2.6 | -0.0 |
Days Since Change | 32 | 32 | 365 |
12-Month High | 4.40% | 3.90% | 0.15% |
12-Month Low | 3.85% | 3.50% | 0.15% |
Adjustments / Mo | 0.58 | 0.49 | 0.00 |
Volatility Score | 0.033 | 0.026 | 0.000 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Barclays' APY of 3.85% with other banks
Compare Charles Schwab Bank's APY of 0.15% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Charles Schwab Bank vs Ally Bank | 3.20% | $0 |
| Charles Schwab Bank vs American Express | 3.20% | $0 |
| Charles Schwab Bank vs Axos Bank | 4.21% | $0 |
| Charles Schwab Bank vs Capital One | 3.20% | $0 |
| Charles Schwab Bank vs Chime | 3.00% | $0 |
| Charles Schwab Bank vs CIT Bank | 3.75% | $100 |
| Charles Schwab Bank vs Discover Bank | 3.30% | $0 |
| Charles Schwab Bank vs EverBank | 3.90% | $0 |
| Charles Schwab Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Charles Schwab Bank vs Newtek Bank | 4.20% | $0.01 |
| Charles Schwab Bank vs Openbank | 4.09% | $500 |
| Charles Schwab Bank vs Pibank | 4.60% | $0 |
| Charles Schwab Bank vs SoFi Bank | 4.00% | $0 |
| Charles Schwab Bank vs Synchrony Bank | 3.50% | $0 |
| Charles Schwab Bank vs Varo Bank | 5.00% | $0 |
| Charles Schwab Bank vs Wealthfront | 4.20% | $0 |