Charles Schwab Bank vs. PNC
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™
PNC
PNC High Yield Savings
3.53%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
PNC
PNC High Yield 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. PNC Savings Calculator
PNC earns $2,047.1 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
PNC
PNC High Yield Savings
Savings Breakdown
- Interest Earned+$2,133.20(10.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,133.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. PNC
Why Charles Schwab Bank?
- ✓Available Nationwide
Why PNC?
- ✓Higher potential APY (3.53% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Physical branch access (Multiple branches in AL, AZ, CA, CO, DE, DC, FL, GA, IL, IN, KS, KY, MD, MA, MI, MO, NJ, NM, NY, NC, OH, PA, SC, TN, TX, VA, WV, WI)
- ✓Higher rated Android app (4.6 vs 2.9)
— Key Feature Differences —
Better Returns at $10,000
PNCPNC's PNC High Yield Savings earns more on smaller deposits (approx. $353 vs $15/yr).
Better Returns at $25,000
PNCPNC's PNC High Yield Savings pulls ahead with larger amounts (approx. $883 vs $38/yr).
Best for Simplicity
PNCPNC's PNC High Yield Savings offers 3.53% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, PNC's PNC High Yield Savings pays $338 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
When comparing savings options, PNC's High Yield Savings account stands out with a competitive APY of 3.53%, significantly higher than Charles Schwab Bank's Schwab Bank Investor Savings™ at 0.15%. PNC's offering is advantageous for both smaller and larger deposits, yielding better returns without any direct deposit requirement or maintenance fees. However, eligibility for PNC's High Yield Savings is restricted to select states, while Schwab's account is accessible to all. For those seeking a simpler option, Schwab's account requires no minimum balance and offers daily compounding, making it a viable alternative.
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 PNC.
| Feature | Charles Schwab Bank | PNC |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 3.53% Verified: 12/10/2025 ↘︎ 0.42%90d Change |
| Product Name | Schwab Bank Investor Savings™ | PNC High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| 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 Android2.9 | iOS4.9 Android4.6 |
| BBB Rating | A+ | A+ |
| Important Notes | - | Eligibility restricted to select states. |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | PNC | |
|---|---|---|---|
| Schwab Bank Investor Savings™ | PNC High Yield Savings | Standard Savings | |
Current APY | 0.15% | 3.53% | 0.03% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -3.8 | 0.2 |
Days Since Change | 280 | 27 | 223 |
9-Month High | 0.15% | 3.95% | 0.03% |
9-Month Low | 0.15% | 3.53% | 0.01% |
Adjustments / Mo | 0.00 | 0.32 | 0.11 |
Volatility Score | 0.000 | 0.038 | 0.305 |
How to read these metrics(Click to expand)
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