Charles Schwab Bank vs. Santander 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™
Santander Bank
Santander Savings
0.01%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Santander Bank
Santander 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. Santander Bank Savings Calculator
Charles Schwab Bank earns $80.4 more than Santander 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
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. Santander Bank
Why Charles Schwab Bank?
- ✓Higher potential APY (0.15% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
Why Santander Bank?
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
- ✓Higher rated Android app (4.0 vs 2.9)
— 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 $1/yr).
Better Returns at $25,000
Charles Schwab BankCharles Schwab Bank's Schwab Bank Investor Savings™ pulls ahead with larger amounts (approx. $38 vs $3/yr).
Shared Benefits
Over a 1-year period, Charles Schwab Bank's Schwab Bank Investor Savings™ pays $14 more interest on a $10,000 balance than Santander Bank's Santander 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%, significantly outpacing Santander Bank's savings account, which has an APY of only 0.01%. Schwab's account requires no minimum deposit and has no maintenance fees, making it a more attractive option for savers. In contrast, Santander's savings account requires a minimum deposit of $25 and incurs a $1 maintenance fee. Both accounts compound interest daily and are FDIC insured, but Schwab Bank clearly provides better returns, especially for larger deposits.
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 Santander Bank.
| Feature | Charles Schwab Bank | Santander Bank |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 0.01% Verified: 12/10/2025 ↘︎ 0.02%90d Change |
| Product Name | Schwab Bank Investor Savings™ | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $1 |
| 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 | iOS4.8 Android4.0 |
| BBB Rating | A+ | Not Rated |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | Santander Bank |
|---|---|---|
| Schwab Bank Investor Savings™ | Santander Savings | |
Current APY | 0.15% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -0.2 |
Days Since Change | 314 | 82 |
10-Month High | 0.15% | 0.03% |
10-Month Low | 0.15% | 0.01% |
Adjustments / Mo | 0.00 | 0.10 |
Volatility Score | 0.000 | 0.387 |
How to read these metrics(Click to expand)
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