Charles Schwab Bank vs. TD 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™
TD Bank
TD Signature Savings
Up to2.75%APYDec 10, 2025FDIC InsuredHigh MinimumChecking BundleGreat iOS AppGreat Android AppIn-Person AccessRange: 0.05% – 2.75%Show Fine Print & Trends Hide Details
TD Bank
TD Signature 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. TD Bank Savings Calculator
Charles Schwab Bank earns $57.5 more than TD 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
TD Bank
TD Signature Savings
Higher APY requires $100,000
Savings Breakdown
- Interest Earned+$28.60(0.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,028.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. TD Bank
Why Charles Schwab Bank?
- ✓No checking account or direct deposit required
Why TD Bank?
- ✓Higher potential APY (2.75% vs 0.15%) (requires checking bundle)
- ✓Physical branch access (Multiple branches in CT, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA, DC)
- ✓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 $0/yr).
Better Returns at $25,000
Charles Schwab BankCharles Schwab Bank's Schwab Bank Investor Savings™ pulls ahead with larger amounts (approx. $38 vs $0/yr).
Shared Benefits
Over a 1-year period, Charles Schwab Bank's Schwab Bank Investor Savings™ pays $10 more interest on a $10,000 balance than TD Bank's TD Signature Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
TD Bank offers a competitive APY of 2.75% on its TD Signature Savings account, but this rate is contingent upon linking an eligible TD account and maintaining a minimum balance of $100,000. For those unable to meet this requirement, the APY drops significantly to 0.05%. In contrast, Charles Schwab Bank's Schwab Bank Investor Savings™ provides a consistent APY of 0.15% with no minimum deposit or balance requirements, making it accessible for all customers. While Schwab's offering is lower in yield, it may be more suitable for those looking for simplicity and no balance constraints.
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 TD Bank.
| Feature | Charles Schwab Bank | TD Bank |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 2.75% Range: 0.05% - 2.75% Verified: 12/10/2025 ↘︎ 0.25%90d Change |
| Product Name | Schwab Bank Investor Savings™ | TD Signature Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $100,000 |
| Monthly Fee | $0 | $10. Waived under some circumstances. |
| Branch Access | Yes | Yes |
| Account Type | Online & Branches | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android2.9 | iOS4.8 Android4.0 |
| BBB Rating | A+ | Not Rated |
| Important Notes | - | This is a tiered savings account where rates may vary on location and whether you're eligible for the Bump Rate. 2.75% is available when you link an eligible TD account and have a minimum balance of $100,000. Otherwise 0.05% is the maximum APY. |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | TD Bank |
|---|---|---|
| Schwab Bank Investor Savings™ | TD Signature Savings | |
Current APY | 0.15% | 2.75% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -8.3 |
Days Since Change | 314 | 68 |
10-Month High | 0.15% | 3.70% |
10-Month Low | 0.15% | 2.75% |
Adjustments / Mo | 0.00 | 0.38 |
Volatility Score | 0.000 | 0.085 |
How to read these metrics(Click to expand)
Compare Similar Alternatives
Compare Charles Schwab Bank vs...
Comparing against Standard Savings
Compare TD Bank vs...
Comparing against other Bundled Accounts