Charles Schwab Bank vs. EverBank
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™
EverBank
Performance Savings
4.05%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
EverBank
Performance 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. EverBank Savings Calculator
EverBank earns $2,380.9 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
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$2,467.00(12.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,467.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. EverBank
Why Charles Schwab Bank?
- ✓Higher rated iOS app (4.8 vs 2.3)
Why EverBank?
- ✓Higher potential APY (4.05% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Physical branch access (11 locations in Florida and California)
— Key Feature Differences —
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $405 vs $15/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $1013 vs $38/yr).
Best for Simplicity
EverBankEverBank's Performance Savings offers 4.05% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $390 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
EverBank offers a clear advantage with its Performance Savings account, boasting a competitive APY of 4.05%, significantly higher than Charles Schwab Bank's Schwab Bank Investor Savings™, which yields 0.15%. EverBank's account is online-only, requires no minimum deposit or balance, and has no maintenance fees, making it a straightforward choice for savers. In contrast, while Schwab's account also has no minimum deposit or maintenance fees, its much lower APY makes it less attractive. Both banks do not require direct deposit for their savings accounts.
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 Charles Schwab Bank and EverBank.
| Feature | Charles Schwab Bank | EverBank |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 4.05% Verified: 12/10/2025 ↘︎ 0.25%90d Change |
| Product Name | Schwab Bank Investor Savings™ | Performance Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| 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 | iOS2.3 Android1.4 |
| BBB Rating | A+ | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | EverBank |
|---|---|---|
| Schwab Bank Investor Savings™ | Performance Savings | |
Current APY | 0.15% | 4.05% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -2.9 |
Days Since Change | 314 | 82 |
10-Month High | 0.15% | 4.30% |
10-Month Low | 0.15% | 4.05% |
Adjustments / Mo | 0.00 | 0.10 |
Volatility Score | 0.000 | 0.027 |
How to read these metrics(Click to expand)
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