Betterment vs. Charles Schwab Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Betterment
Cash Reserve
3.50%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Betterment
Cash Reserve
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.
Betterment vs. Charles Schwab Bank Savings Calculator
Betterment earns $2,028 more than Charles Schwab Bank.
Betterment
Cash Reserve
Savings Breakdown
- Interest Earned+$2,114.10(10.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,114.10
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 Betterment vs. Charles Schwab Bank
Why Betterment?
- ✓Higher potential APY (3.50% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.7 vs 2.9)
Why Charles Schwab Bank?
No distinct advantages found vs Betterment.
— Key Feature Differences —
Better Returns at $10,000
BettermentBetterment's Cash Reserve earns more on smaller deposits (approx. $350 vs $15/yr).
Better Returns at $25,000
BettermentBetterment's Cash Reserve pulls ahead with larger amounts (approx. $875 vs $38/yr).
Best for Simplicity
BettermentBetterment's Cash Reserve offers 3.50% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Betterment's Cash Reserve pays $335 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
Betterment offers a competitive Cash Reserve savings account with a notable APY of 3.50%, making it an attractive option for savers looking for higher returns without any direct deposit requirements or maintenance fees. In contrast, Charles Schwab Bank's Investor Savings™ account provides a significantly lower APY of 0.15%. While Schwab's account has no minimum deposit or balance requirements, it cannot match the yield offered by Betterment. Overall, Betterment's Cash Reserve stands out as the clear winner 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.
Stop Losing Interest
See who beats both Betterment and Charles Schwab Bank.
| Feature | Betterment | Charles Schwab Bank |
|---|---|---|
| APY | 3.50% Verified: 12/10/2025 ↘︎ 0.50%90d Change | 0.15% Verified: 12/10/2025 Stable (90d) |
| Product Name | Cash Reserve | Schwab Bank Investor Savings™ |
| Minimum Deposit | $10 | $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 | iOS4.8 Android4.7 | iOS4.8 Android2.9 |
| BBB Rating | A- | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Betterment | Charles Schwab Bank |
|---|---|---|
| Cash Reserve | Schwab Bank Investor Savings™ | |
Current APY | 3.50% | 0.15% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.7 | -0.0 |
Days Since Change | 39 | 314 |
10-Month High | 4.00% | 0.15% |
10-Month Low | 3.50% | 0.15% |
Adjustments / Mo | 0.19 | 0.00 |
Volatility Score | 0.050 | 0.000 |
How to read these metrics(Click to expand)
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