Charles Schwab High Yield Investor Checking
in Checking Accounts from Charles Schwab · Member fdic
UnaffiliatedCharles Schwab High Yield Investor Checking
in Checking Accounts from Charles Schwab · Member FDIC
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| Community Rating |
Rating not yet determined |
| Monthly Fee | $0 |
| ATM Fee: Out-of-Network | $0 |
| Minimum Balance to Avoid Monthly Fee | $0 |
| APY (Annual Percentage Yield) | 0.03% |
Charles Schwab High Yield Investor Checking Review
Charles Schwab High Yield Investor Checking is offered by Charles Schwab, a bank founded in 1971 and based in San Francisco, CA. Charles Schwab High Yield Investor Checking is available in 50 states (and Washington, DC).
Key Takeaways
- Low APY. The maximum annual percentage yield for this account is only 0.03%.
- $0 monthly fee. This account does not charge a monthly maintenance fee.
- No minimum initial deposit. There is no minimum balance required to open an account.
- No ATM fees. Charles Schwab High Yield Investor Checking does not charge fees on ATM transactions.
- ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
- Free bill pay. Pay your bills to practically anyone in the United States through Charles Schwab.
- Hard credit pull. Charles Schwab may require a hard pull on your credit report to open a checking account.
Charles Schwab High Yield Investor Checking Pros & Cons
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Charles Schwab High Yield Investor Checking FAQ
Are checking accounts from Charles Schwab federally insured?
Yes, your Charles Schwab checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57450). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does Charles Schwab High Yield Investor Checking offer?
| Description | |
|---|---|
| APY (Annual Percentage Yield) | 0.03% |
Charles Schwab High Yield Investor Checking offers an APY of 0.03% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.
What are the account minimums for Charles Schwab High Yield Investor Checking?
Charles Schwab High Yield Investor Checking does not require a minimum initial deposit.
| Description | Amount |
|---|---|
| Minimum Opening Deposit | $0 |
| APY Minimum Balance | $0.01 |
What fees does Charles Schwab High Yield Investor Checking charge?
The good news is that this account does not have a monthly service charge.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| Check Cashing Fee | $10 |
| Check Copy | $0 |
| Check Image Service | $0 |
| Debit Card Replacement Fee | $0 |
| Early Account Closure | $0 |
| Foreign Transaction Fee (Debit Card) | 0% |
| Monthly Fee | $0 |
| NSF Fee | $25 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $25 |
| Overdraft Protection Fee (per transfer) | $0 |
| Paper Statement Fee | $0 |
| Returned Deposit Fee (Domestic) | $5 |
| Returned Deposit Fee (International) | $5 |
| Stop Payment Fee | $0 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - Domestic (Outgoing) | $25 |
| ATM Fee: Out-of-Network | $0 |
What features and perks does Charles Schwab High Yield Investor Checking offer?
This account includes the following features:
- ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
- Fraud monitoring - Charles Schwab High Yield Investor Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Charles Schwab High Yield Investor Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
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Contact
- Headquarters
-
211 Main Street
San Francisco, CA 94105 - Visit Site
Other Services by Charles Schwab
Message From Charles Schwab
Availability
Available in 50 states and Washington, D.C.
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
| APY Minimum Balance | $0.01 |
| Minimum Opening Deposit | Starting at $0 |
| Minimum Balance to Avoid Monthly Fee | $0 |
Charles Schwab High Yield Investor Checking Community Reviews
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