Charles Schwab Bank vs. FNBO Direct
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™
FNBO Direct
High-Yield Online Savings Account
3.00%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
FNBO Direct
High-Yield Online 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. FNBO Direct Savings Calculator
FNBO Direct earns $1,712.1 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
FNBO Direct
High-Yield Online Savings Account
Savings Breakdown
- Interest Earned+$1,798.20(9.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,798.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. FNBO Direct
Why Charles Schwab Bank?
No distinct advantages found vs FNBO Direct.
Why FNBO Direct?
- ✓Higher potential APY (3.00% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.8 vs 2.9)
— Key Feature Differences —
Better Returns at $10,000
FNBO DirectFNBO Direct's High-Yield Online Savings Account earns more on smaller deposits (approx. $300 vs $15/yr).
Better Returns at $25,000
FNBO DirectFNBO Direct's High-Yield Online Savings Account pulls ahead with larger amounts (approx. $750 vs $38/yr).
Shared Benefits
Over a 1-year period, FNBO Direct's High-Yield Online Savings Account pays $285 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
Charles Schwab Bank offers the Schwab Bank Investor Savings™ account with a competitive APY of 0.15%, requiring no minimum deposit and no maintenance fees. However, FNBO Direct's High-Yield Online Savings Account significantly outperforms with an APY of 3.00%, also requiring a minimum deposit of $1 and no maintenance fees. This account is online-only and provides better returns on both small and larger deposits, making it the more attractive option for savers. Overall, FNBO Direct stands out as the winner based on the provided data.
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 FNBO Direct.
| Feature | Charles Schwab Bank | FNBO Direct |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 3.00% Verified: 12/10/2025 ↘︎ 0.25%90d Change |
| Product Name | Schwab Bank Investor Savings™ | High-Yield Online Savings Account |
| Minimum Deposit | $0 | $1 |
| 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 | iOS4.5 Android4.8 |
| BBB Rating | A+ | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | FNBO Direct |
|---|---|---|
| Schwab Bank Investor Savings™ | High-Yield Online Savings Account | |
Current APY | 0.15% | 3.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -8.0 |
Days Since Change | 138 | 68 |
5-Month High | 0.15% | 3.25% |
5-Month Low | 0.15% | 3.00% |
Adjustments / Mo | 0.00 | 0.22 |
Volatility Score | 0.000 | 0.040 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Charles Schwab Bank vs...
Comparing against Standard Savings
Compare FNBO Direct vs...
Comparing against Standard Savings
Higher Rates (With Checking)
Looking for something different? Check out these top-rated alternatives.