Charles Schwab Bank vs. Pibank
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™
Pibank
Pibank Savings
4.60%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Pibank
Pibank Savings
Charles Schwab Bank vs. Pibank Savings Calculator
Pibank earns $2,739.7 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
Pibank
Pibank Savings
Savings Breakdown
- Interest Earned+$2,825.80(13.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,825.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. Pibank
Why Charles Schwab Bank?
- ✓Higher rated iOS app (4.8 vs 2.4)
Why Pibank?
- ✓Higher potential APY (4.60% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
PibankPibank's Pibank Savings earns more on smaller deposits (approx. $460 vs $15/yr).
Better Returns at $25,000
PibankPibank's Pibank Savings pulls ahead with larger amounts (approx. $1150 vs $38/yr).
Best for Simplicity
PibankPibank's Pibank Savings offers 4.60% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Pibank's Pibank Savings pays $445 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
Pibank offers a significant advantage with its Pibank Savings account, boasting an impressive 4.60% APY, which is substantially higher than Charles Schwab Bank's Schwab Bank Investor Savings™ at 0.15% APY. Pibank's account is online-only and requires no minimum deposit or maintenance fees, making it a straightforward option for savers. In contrast, while Schwab's account also has no minimum deposit and maintenance fees, its much lower APY makes it less attractive. Both banks provide FDIC insurance and do not require direct deposit. For those seeking the best returns, Pibank is the clear winner.
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.
| Feature | Charles Schwab Bank | Pibank |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 4.60% Verified: 12/10/2025 Stable (90d) |
| Product Name | Schwab Bank Investor Savings™ | Pibank Savings |
| Minimum Deposit | $0 | $0 |
| 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 | iOS2.4 Android1.7 |
| BBB Rating | A+ | A |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | Pibank |
|---|---|---|
| Schwab Bank Investor Savings™ | Pibank Savings | |
Current APY | 0.15% | 4.60% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -0.0 |
Days Since Change | 295 | 294 |
10-Month High | 0.15% | 4.60% |
10-Month Low | 0.15% | 4.60% |
Adjustments / Mo | 0.00 | 0.00 |
Volatility Score | 0.000 | 0.000 |
How to read these metrics(Click to expand)
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