Charles Schwab Bank Money Market Account
in Money Market Accounts from Charles SchwabUnaffiliated
Charles Schwab Bank Money Market AccountUnaffiliated
in Money Market Accounts from Charles Schwab
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|APY (Annual Percentage Yield)||1.3% - 2.23%|
|APY Minimum Balance||$1|
|Minimum Opening Deposit||N/A|
Charles Schwab Bank Money Market Account Review
Charles Schwab Bank Money Market Account is offered by Charles Schwab, a bank founded in 1971 and based in San Francisco, CA. Charles Schwab Bank Money Market Account is available in 50 states (and Washington, DC).
- Very high APY. This account offers an annual percentage yield of up to 2.23%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $1.
Are money market accounts from Charles Schwab federally insured?
Yes, your Charles Schwab money market 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 are the interest rates for Charles Schwab money market account rates?
Charles Schwab money market account offers an APY starting at 1.3% and ranging up to 2.23% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY. However, to earn interest you must keep a minimum balance of $1.
|APY (Annualized Percentage Yield)||1.3% - 2.23%|
What are the fees for Charles Schwab Bank Money Market Account?
Charles Schwab Bank Money Market Account does not charge a monthly maintenance fee.
|Paper Statement Fee||N/A|
What is the minimum balance for Charles Schwab money market account?
No minimum initial deposit. Charles Schwab does not require a minimum initial deposit to open an account.
Interest rate minimum balance of $1. You must keep the account balance above $1 to earn interest.
What features and perks does Charles Schwab money market account offer?
This account does not seem to offer any of the features and perks we track.
How to open an account with Charles Schwab
- Visit the Charles Schwab website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
Message From Charles Schwab
211 Main Street
San Francisco, CA 94105
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Other Services by Charles Schwab
- Washington, DC
- North Carolina
- North Dakota
- New Hampshire
- New Jersey
- New Mexico
- New York
- Rhode Island
- South Carolina
- South Dakota
- West Virginia