Charles Schwab Bank vs. MutualOne Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Charles Schwab BankSchwab Bank Investor Savings™ Jan 7, 2026 | MutualOne BankMo Premium Savings Jan 7, 2026 |
|---|---|---|
| APY | 0.15% | 4.07% |
Est. Earnings | $5,000+$8 $10,000+$15 $25,000+$38 | $5,000+$0 $10,000+$0 $25,000+$1,018 |
Min Deposit | $0 | $20,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessZelle® Supported | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Charles Schwab Bank vs. MutualOne Bank
As of Charles Schwab Bank offers an APY of 0.15% for its Schwab Bank Investor Savings™ account, with a minimum balance of $0.01, compared to MutualOne Bank's 4.07% APY for its Mo Premium Savings account, with a minimum balance of $20,000.
MutualOne Bank pays $392 more than Charles Schwab Bank on a $10,000 balance after one year. Charles Schwab Bank pays $15, while MutualOne Bank pays $407 - an APY advantage for MutualOne Bank.
In addition, MutualOne Bank also offers 0.40% APY for the Online Savings account, with a minimum balance of 0.
Why Charles Schwab Bank?
No distinct advantages found vs MutualOne Bank.
Why MutualOne Bank?
- ✓Higher potential APY (4.07% vs 0.15%)
- ✓No checking account or direct deposit required
- ✓Physical branch access (Full-service banking offices in Framingham, MA, and Natick, MA)
- ✓Higher rated Android app (4.4 vs 2.8)
— Key Feature Differences —
Better Returns at $10,000
Charles Schwab BankCharles Schwab Bank's Schwab Bank Investor Savings™ earns more on smaller deposits (approx. $15 vs $0/yr).
Better Returns at $25,000
MutualOne BankMutualOne Bank's Mo Premium Savings pulls ahead with larger amounts (approx. $1018 vs $38/yr).
Best for Simplicity
MutualOne BankMutualOne Bank's Mo Premium Savings offers 4.07% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
MutualOne BankMutualOne Bank offers an iOS app rated 4.9 (vs. 4.8) and Android app rated 4.4 (vs. 2.8)
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $392 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 as of
MutualOne Bank offers a significant advantage with its Mo Premium Savings account, boasting a high APY of 4.07% for deposits starting at $20,000, making it ideal for larger savings. In comparison, Charles Schwab Bank's Schwab Bank Investor Savings™ provides a lower APY of 0.15% but requires no minimum deposit, making it accessible for smaller savers. Both banks have no maintenance fees and do not require direct deposit. For those looking to maximize returns on larger amounts, MutualOne Bank is the clear winner, while Schwab Bank serves as a more flexible option for lower deposits.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
Charles Schwab Bank vs. MutualOne Bank Savings Calculator
You earn $784 more with MutualOne Bank than Charles Schwab Bank on a $20,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$30.00(0.1%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,030.00
MutualOne Bank
Mo Premium Savings
Savings Breakdown
- Interest Earned+$814.00(3.9%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,814.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Charles Schwab Bank | MutualOne Bank |
|---|---|---|
| APY | 0.15% Verified: 1/7/2026 Stable (90d) | 4.07% Verified: 1/7/2026 Stable (90d) |
| Product Name | Schwab Bank Investor Savings™ | Mo Premium Savings |
| Minimum Deposit | $0 | $20,000 |
| Min. Balance for APY | $0.01 | $20,000 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | Yes |
| Account Type | Online & Branches | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android2.8 | iOS4.9 Android4.4 |
| Zelle® Support | Available Integrated into Investor Checking; high liquidity. | Available Verified via website and app descriptions. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Charles Schwab Bank Non-sponsored link to official site | Visit SiteVerify at MutualOne Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | MutualOne Bank | |
|---|---|---|---|
| Schwab Bank Investor Savings™ | Online Savings | Mo Premium Savings | |
Current APY | 0.15% | 0.40% | 4.07% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -0.0 | 0.0 | -0.0 |
Days Since Change | 114 | 114 | 114 |
4-Month High | 0.15% | 0.40% | 4.07% |
4-Month Low | 0.15% | 0.40% | 4.07% |
Adjustments / Mo | 0.00 | 0.00 | 0.00 |
Volatility Score | 0.000 | 0.000 | 0.000 |
How to read these metrics(Click to expand)
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