Charles Schwab Bank vs. Synchrony 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™
Synchrony Bank
High Yield Savings
3.65%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Synchrony Bank
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. Synchrony Bank Savings Calculator
Synchrony Bank earns $2,123.6 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
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$2,209.70(10.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,209.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. Synchrony Bank
Why Charles Schwab Bank?
No distinct advantages found vs Synchrony Bank.
Why Synchrony Bank?
- ✓Higher potential APY (3.65% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.4 vs 2.9)
— Key Feature Differences —
Better Returns at $10,000
Synchrony BankSynchrony Bank's High Yield Savings earns more on smaller deposits (approx. $365 vs $15/yr).
Better Returns at $25,000
Synchrony BankSynchrony Bank's High Yield Savings pulls ahead with larger amounts (approx. $912 vs $38/yr).
Best for Simplicity
Synchrony BankSynchrony Bank's High Yield Savings offers 3.65% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Synchrony Bank's High Yield Savings pays $350 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
Synchrony Bank offers a High Yield Savings account with a significantly higher APY of 3.65%, making it the clear winner compared to Charles Schwab Bank's Schwab Bank Investor Savings™, which has an APY of 0.15%. Synchrony's account is online-only and requires no minimum deposit, maintenance fees, or direct deposit, providing a straightforward savings option. In contrast, Schwab's account also has no minimum balance or fees but offers much lower returns. For those seeking higher interest on their savings, Synchrony Bank is the preferred choice.
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 Synchrony Bank.
| Feature | Charles Schwab Bank | Synchrony Bank |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 3.65% Verified: 12/10/2025 ↘︎ 0.15%90d Change |
| Product Name | Schwab Bank Investor Savings™ | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| 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 | iOS4.8 Android4.4 |
| BBB Rating | A+ | Not Rated |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | Synchrony Bank |
|---|---|---|
| Schwab Bank Investor Savings™ | High Yield Savings | |
Current APY | 0.15% | 3.65% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -3.4 |
Days Since Change | 314 | 22 |
10-Month High | 0.15% | 4.10% |
10-Month Low | 0.15% | 3.65% |
Adjustments / Mo | 0.00 | 0.29 |
Volatility Score | 0.000 | 0.031 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Charles Schwab Bank vs...
Comparing against Standard Savings
Compare Synchrony Bank vs...
Comparing against Standard Savings
Higher Rates (With Checking)
Looking for something different? Check out these top-rated alternatives.