Charles Schwab Bank vs. Citizens Access™
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™
Citizens Access™
Citizens Access® Savings
3.15%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Citizens Access™
Citizens Access® 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.
Charles Schwab Bank vs. Citizens Access™ Savings Calculator
Citizens Access™ earns $1,806.4 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
Citizens Access™
Citizens Access® Savings
Savings Breakdown
- Interest Earned+$1,892.50(9.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,892.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. Citizens Access™
Why Charles Schwab Bank?
No distinct advantages found vs Citizens Access™.
Why Citizens Access™?
- ✓Higher potential APY (3.15% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.9 vs 2.9)
— Key Feature Differences —
Better Returns at $10,000
Citizens Access™Citizens Access™'s Citizens Access® Savings earns more on smaller deposits (approx. $315 vs $15/yr).
Better Returns at $25,000
Citizens Access™Citizens Access™'s Citizens Access® Savings pulls ahead with larger amounts (approx. $788 vs $38/yr).
Best for Simplicity
Citizens Access™Citizens Access™'s Citizens Access® Savings offers 3.15% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Citizens Access™'s Citizens Access® Savings pays $300 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
Citizens Access™ offers a significantly higher APY of 3.15% with its Citizens Access® Savings account, making it the clear winner compared to Charles Schwab Bank's Schwab Bank Investor Savings™, which has an APY of 0.15%. Both accounts require a minimum deposit of $0.01 and have no maintenance fees, but Citizens Access™ stands out for its competitive rates without any direct deposit requirements or caps. While Schwab Bank's offering is a viable option, the substantial difference in APY highlights Citizens Access™ as the better choice for savers looking for higher returns.
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 Citizens Access™.
| Feature | Charles Schwab Bank | Citizens Access™ |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 3.15% Verified: 12/10/2025 ↘︎ 0.35%90d Change |
| Product Name | Schwab Bank Investor Savings™ | Citizens Access® Savings |
| Minimum Deposit | $0 | $0.01 |
| 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 | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android2.9 | iOS4.8 Android4.9 |
| BBB Rating | A+ | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | Citizens Access™ |
|---|---|---|
| Schwab Bank Investor Savings™ | Citizens Access® Savings | |
Current APY | 0.15% | 3.15% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -3.9 |
Days Since Change | 314 | 0 |
10-Month High | 0.15% | 3.70% |
10-Month Low | 0.15% | 3.15% |
Adjustments / Mo | 0.00 | 0.29 |
Volatility Score | 0.000 | 0.038 |
How to read these metrics(Click to expand)
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