Charles Schwab Bank vs. EverBank
Charles Schwab Bank's Schwab Bank Investor Savings™ pays 0.15% APY while EverBank's Performance Savings pays 3.90% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? EverBank pays $375 more than Charles Schwab Bank annually ($390 vs $15).
Choose EverBank if getting the best rate matters most, or you're an Android user.
| Metric | Charles Schwab BankSchwab Bank Investor Savings™ Aug 21, 2026 | EverBankPerformance Savings Aug 20, 2026 |
|---|---|---|
| APY | 0.15% | 3.90% |
Est. Earnings | $5,000+$8 $10,000+$15 $25,000+$38 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessZelle® SupportedDaily CompoundingStable Rate | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingStable Rate |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Comparison Analysis
Comparing Charles Schwab Bank vs. EverBank
Executive Summary
A detailed summary for this comparison is being prepared. Check back soon.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Charles Schwab Bank?
No distinct advantages found vs EverBank.
Why EverBank?
- ✓Higher potential APY (3.90% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Physical branch access (11 locations in Florida and California)
- ✓Higher rated Android app (4.8 vs 2.9)
Key Feature Differences
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $390 vs $15/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $38/yr).
Best for Simplicity
EverBankEverBank's Performance Savings offers 3.90% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $375 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Charles Schwab Bank vs. EverBank Savings Calculator
You earn $375 more with EverBank than Charles Schwab Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$15.00(0.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,015.00
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Charles Schwab Bank | EverBank |
|---|---|---|
| APY | 0.15% Verified: 8/21/2026 - | 3.90% Verified: 8/20/2026 - |
| Product Name | Schwab Bank Investor Savings™ | Performance Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | Yes | No |
| Account Type | Online & Branches | Online Only |
| Physical Branches | N/A | 11 locations in Florida and California |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Integrated into Investor Checking; high liquidity. | Available Native integration verified. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Charles Schwab Bank Non-sponsored link to official site | Visit SiteVerify at EverBank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | EverBank |
|---|---|---|
| Schwab Bank Investor Savings™ | Performance Savings | |
Current APY | 0.15% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -5.9 |
Days Since Change | 361 | 245 |
12-Month High | 0.15% | 4.30% |
12-Month Low | 0.15% | 3.90% |
Adjustments / Mo | 0.00 | 0.17 |
Volatility Score | 0.000 | 0.030 |
How to read these metrics(Click to expand)
Compare Similar Savings Accounts
Compare Charles Schwab Bank vs...
Comparing against Standard Savings
Compare EverBank vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.
More Comparisons
Compare Charles Schwab Bank's APY of 0.15% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Charles Schwab Bank vs Ally Bank | 3.00% | $0 |
| Charles Schwab Bank vs American Express | 3.00% | $0 |
| Charles Schwab Bank vs Axos Bank | 4.21% | $0 |
| Charles Schwab Bank vs Barclays | 3.65% | $0 |
| Charles Schwab Bank vs Capital One | 3.50% | $0 |
| Charles Schwab Bank vs Chime | 3.75% | $0 |
| Charles Schwab Bank vs CIT Bank | 3.75% | $100 |
| Charles Schwab Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Charles Schwab Bank vs Newtek Bank | 4.20% | $100 |
| Charles Schwab Bank vs Openbank | 3.80% | $500 |
| Charles Schwab Bank vs Pibank | 4.10% | $0 |
| Charles Schwab Bank vs SoFi Bank | 3.80% | $0 |
| Charles Schwab Bank vs Synchrony Bank | 3.30% | $0 |
| Charles Schwab Bank vs Varo Bank | 3.75% | $0 |
| Charles Schwab Bank vs Wealthfront | 3.95% | $0 |