Charles Schwab Bank vs. UFB Direct
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™
UFB Direct
UFB Checking and Savings Bundle
Up to3.71%APYDec 10, 2025FDIC InsuredHigh MinimumDirect Deposit ReqChecking BundleGreat iOS AppGreat Android AppRange: 3.51% – 3.71%Show Fine Print & Trends Hide Details
UFB Direct
UFB Checking and Savings Bundle
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. UFB Direct Savings Calculator
UFB Direct earns $2,132.6 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
UFB Direct
UFB Checking and Savings Bundle
Higher APY requires $10,000
Savings Breakdown
- Interest Earned+$2,218.70(11.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,218.70
Sponsored Link
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. UFB Direct
Why Charles Schwab Bank?
No distinct advantages found vs UFB Direct.
Why UFB Direct?
- ✓Offers 2.00% APY on Checking Account in addition to the savings APY
- ✓Access to over 90,000 fee-free ATMs
- ✓Higher potential APY (3.51%-3.71% vs 0.15%) (requires checking bundle & direct deposit)
- ✓Higher rated Android app (4.3 vs 2.9)
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
UFB DirectUFB Direct's UFB Checking and Savings Bundle earns more on smaller deposits (approx. $371 vs $15/yr).
Better Returns at $25,000
UFB DirectUFB Direct's UFB Checking and Savings Bundle pulls ahead with larger amounts (approx. $928 vs $38/yr).
Best for Simplicity
UFB DirectUFB Direct's UFB Portfolio Savings offers 3.51% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
UFB DirectUFB Direct's UFB Checking and Savings Bundle pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, UFB Direct's UFB Checking and Savings Bundle pays $356 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
UFB Direct stands out with its UFB Portfolio Savings account, offering a competitive APY of 3.51%, which is significantly higher than Charles Schwab Bank's Schwab Bank Investor Savings™ at 0.15%. UFB Direct's savings account does not require a checking account or direct deposit, making it a straightforward option for savers. Additionally, UFB Direct provides a bundled checking and savings option that can yield an even higher APY of 3.71% with certain conditions, although it requires a minimum deposit and balance. In contrast, Schwab's offering is more basic, with no minimum deposit and a low yield.
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 UFB Direct.
| Feature | Charles Schwab Bank | UFB Direct |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 3.71% Range: 3.51% - 3.71% Verified: 12/10/2025 ↘︎ 0.50%90d Change |
| Product Name | Schwab Bank Investor Savings™ | UFB Checking and Savings Bundle |
| Minimum Deposit | $0 | $5000 |
| Min. Balance for APY | $0.01 | $10,000 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | Required |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android2.9 | iOS4.8 Android4.3 |
| BBB Rating | A+ | A+ |
| Important Notes | - | The regular savings or money market APY may be boosted up to 3.71% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. The checking account earns 2% APY. See bank for full details. |
| Next Steps | SponsoredOpen Account |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | UFB Direct | |
|---|---|---|---|
| Schwab Bank Investor Savings™ | UFB Checking and Savings Bundle | UFB Portfolio Savings | |
Current APY | 0.15% | 3.71% | 3.51% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -0.0 | -5.2 | -4.8 |
Days Since Change | 314 | 41 | 41 |
10-Month High | 0.15% | 4.21% | 4.01% |
10-Month Low | 0.15% | 3.71% | 3.51% |
Adjustments / Mo | 0.00 | 0.29 | 0.29 |
Volatility Score | 0.000 | 0.048 | 0.050 |
How to read these metrics(Click to expand)
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