Bask Bank vs. Charles Schwab Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Bask Bank
Interest Savings Account
3.90%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Bask Bank
Interest 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.
Bask Bank vs. Charles Schwab Bank Savings Calculator
Bask Bank earns $2,284.1 more than Charles Schwab Bank.
Bask Bank
Interest Savings Account
Savings Breakdown
- Interest Earned+$2,370.20(11.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,370.20
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 Bask Bank vs. Charles Schwab Bank
Why Bask Bank?
- ✓Higher potential APY (3.90% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.6 vs 2.9)
Why Charles Schwab Bank?
No distinct advantages found vs Bask Bank.
— Key Feature Differences —
Better Returns at $10,000
Bask BankBask Bank's Interest Savings Account earns more on smaller deposits (approx. $390 vs $15/yr).
Better Returns at $25,000
Bask BankBask Bank's Interest Savings Account pulls ahead with larger amounts (approx. $975 vs $38/yr).
Best for Simplicity
Bask BankBask Bank's Interest Savings Account offers 3.90% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Bask Bank's Interest Savings Account pays $375 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
Bask Bank offers a competitive Interest Savings Account with an impressive APY of 3.90%, 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 has no minimum deposit or balance requirements. In contrast, Charles Schwab Bank's Schwab Bank Investor Savings™ provides a significantly lower APY of 0.15%, also with no fees or minimum deposits, but lacks the yield that Bask Bank offers. Overall, Bask Bank stands out as the superior option for those prioritizing higher interest rates.
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.
Top Market Contenders
See who beats both Bask Bank and Charles Schwab Bank.
| Feature | Bask Bank | Charles Schwab Bank |
|---|---|---|
| APY | 3.90% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 0.15% Verified: 12/10/2025 Stable (90d) |
| Product Name | Interest 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 | iOS4.7 Android4.6 | iOS4.8 Android2.9 |
| BBB Rating | B | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bask Bank | Charles Schwab Bank |
|---|---|---|
| Interest Savings Account | Schwab Bank Investor Savings™ | |
Current APY | 3.90% | 0.15% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.4 | -0.0 |
Days Since Change | 34 | 314 |
10-Month High | 4.50% | 0.15% |
10-Month Low | 3.90% | 0.15% |
Adjustments / Mo | 0.48 | 0.00 |
Volatility Score | 0.035 | 0.000 |
How to read these metrics(Click to expand)
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