Charles Schwab Bank vs. Ivy Bank
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™
Ivy Bank
High-Yield Savings Account
Up to4.25%APYDec 10, 2025FDIC InsuredMod. MinimumGreat iOS AppRange: 0.05% – 4.25%Show Fine Print & Trends Hide Details
Ivy Bank
High-Yield Savings Account
Charles Schwab Bank vs. Ivy Bank Savings Calculator
Ivy Bank earns $2,510.7 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
Ivy Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,596.80(12.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,596.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. Ivy Bank
Why Charles Schwab Bank?
- ✓No checking account or direct deposit required
- ✓Available Nationwide
Why Ivy Bank?
- ✓Higher potential APY (4.25% vs 0.15%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Ivy BankIvy Bank's High-Yield Savings Account earns more on smaller deposits (approx. $425 vs $15/yr).
Better Returns at $25,000
Ivy BankIvy Bank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1063 vs $38/yr).
Shared Benefits
Over a 1-year period, Ivy Bank's High-Yield Savings Account pays $410 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
Ivy Bank offers a High-Yield Savings Account with an impressive APY of 4.25%, significantly higher than Charles Schwab Bank's Schwab Bank Investor Savings™, which yields 0.15%. Ivy Bank's account requires a minimum deposit and balance of $2,500 and is available online only, with eligibility restrictions for residents of California and U.S. Territories (excluding the District of Columbia). In contrast, Schwab Bank's savings account has no minimum deposit and balance requirements, and it does not require direct deposit, making it more accessible. However, the superior APY of Ivy Bank clearly positions it as the winner for those who can meet the eligibility criteria.
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 Ivy Bank.
| Feature | Charles Schwab Bank | Ivy Bank |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 4.25% Range: 0.05% - 4.25% Verified: 12/10/2025 - |
| Product Name | Schwab Bank Investor Savings™ | High-Yield Savings Account |
| Minimum Deposit | $0 | $2,500 |
| Min. Balance for APY | $0.01 | $2,500 |
| 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 | iOS4.7 Android3.5 |
| BBB Rating | A+ | A- |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | Ivy Bank |
|---|---|---|
| Schwab Bank Investor Savings™ | High-Yield Savings Account | |
Current APY | 0.15% | 4.25% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | 0.0 |
Days Since Change | 26 | 26 |
1-Month High | 0.15% | 4.25% |
1-Month Low | 0.15% | 4.25% |
Adjustments / Mo | 0.00 | 0.00 |
Volatility Score | 0.000 | 0.000 |
How to read these metrics(Click to expand)
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