Charles Schwab Bank vs. Wealthfront
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™
Wealthfront
Cash Account
Up to4.15%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppRange: 3.50% – 4.15%Show Fine Print & Trends Hide Details
Wealthfront
Cash Account
Charles Schwab Bank vs. Wealthfront Savings Calculator
Wealthfront earns $2,445.7 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
Wealthfront
Cash Account
Savings Breakdown
- Interest Earned+$2,531.80(12.3%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,531.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. Wealthfront
Why Charles Schwab Bank?
- ✓No checking account or direct deposit required
Why Wealthfront?
- ✓Higher potential APY (4.15% vs 0.15%) on all balances
- ✓Higher rated Android app (4.9 vs 2.9)
— Key Feature Differences —
Better Returns at $10,000
WealthfrontWealthfront's Cash Account earns more on smaller deposits (approx. $415 vs $15/yr).
Better Returns at $25,000
WealthfrontWealthfront's Cash Account pulls ahead with larger amounts (approx. $1038 vs $38/yr).
Shared Benefits
Over a 1-year period, Wealthfront's Cash Account pays $400 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
Wealthfront offers a Cash Account with an impressive APY of 4.15%, significantly higher than Charles Schwab Bank's Schwab Bank Investor Savings™, which has an APY of 0.15%. Wealthfront's account is online-only and provides a competitive rate for new clients for the first three months, after which it drops to 3.50%. Both accounts have no minimum deposit requirements and no maintenance fees. However, Wealthfront's Cash Account demonstrates better returns, especially for larger deposits, making it the more attractive option for savers. Charles Schwab's offering remains a viable alternative for those seeking a traditional savings account.
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 Wealthfront.
| Feature | Charles Schwab Bank | Wealthfront |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 4.15% Range: 3.50% - 4.15% Verified: 12/10/2025 - |
| Product Name | Schwab Bank Investor Savings™ | Cash Account |
| 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 Android4.9 |
| BBB Rating | A+ | F |
| Important Notes | - | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | Wealthfront |
|---|---|---|
| Schwab Bank Investor Savings™ | Cash Account | |
Current APY | 0.15% | 4.15% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | 0.0 |
Days Since Change | 26 | 26 |
1-Month High | 0.15% | 4.15% |
1-Month Low | 0.15% | 4.15% |
Adjustments / Mo | 0.00 | 0.00 |
Volatility Score | 0.000 | 0.000 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Charles Schwab Bank vs...
Comparing against Standard Savings
Compare Wealthfront vs...
Comparing against Standard Savings
Higher Rates (With Checking)
Looking for something different? Check out these top-rated alternatives.