Charles Schwab Bank vs. Chime
Compare rates, requirements, and features side-by-side to find the best option for you.
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™
Chime
Chime High-Yield Savings Account
Up to3.50%APYDec 10, 2025FDIC InsuredDirect Deposit ReqChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 1.00% – 3.50%Show Fine Print & Trends Hide Details
Chime
Chime High-Yield Savings Account
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.
Charles Schwab Bank vs. Chime Savings Calculator
Chime earns $2,028 more than Charles Schwab Bank.
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
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,114.10(10.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,114.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. Chime
Why Charles Schwab Bank?
- ✓No checking account or direct deposit required
Why Chime?
- ✓Higher potential APY (3.50% vs 0.15%) on all balances
- ✓Higher rated Android app (4.7 vs 2.9)
— Key Feature Differences —
Better Returns at $10,000
ChimeChime's Chime High-Yield Savings Account earns more on smaller deposits (approx. $350 vs $15/yr).
Better Returns at $25,000
ChimeChime's Chime High-Yield Savings Account pulls ahead with larger amounts (approx. $875 vs $38/yr).
Best for All-in-One Banking
ChimeChime's Chime High-Yield Savings Account pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Chime's Chime High-Yield Savings Account 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
Chime offers a significant advantage with its High-Yield Savings Account, boasting an impressive APY of 3.50%, compared to Charles Schwab Bank's Schwab Bank Investor Savings™ at just 0.15%. Chime's account requires a qualifying direct deposit of $200 or more within the preceding 34 days, making it essential for users to have direct deposit set up. While Schwab's savings account has no direct deposit requirement and is accessible without a minimum deposit, it yields considerably less. Overall, Chime's offering is ideal for those looking for higher returns, especially when bundled with its checking account.
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 Charles Schwab Bank and Chime.
| Feature | Charles Schwab Bank | Chime |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 3.50% Range: 1.00% - 3.50% Verified: 12/10/2025 ↘︎ 0.25%90d Change |
| Product Name | Schwab Bank Investor Savings™ | Chime High-Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android2.9 | iOS4.8 Android4.7 |
| BBB Rating | A+ | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | Chime |
|---|---|---|
| Schwab Bank Investor Savings™ | Chime High-Yield Savings Account | |
Current APY | 0.15% | 3.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | 11.9 |
Days Since Change | 313 | 55 |
10-Month High | 0.15% | 3.75% |
10-Month Low | 0.15% | 2.00% |
Adjustments / Mo | 0.00 | 0.19 |
Volatility Score | 0.000 | 0.192 |
How to read these metrics(Click to expand)
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