SuperMoney 
  Charles Schwab Bank Money Market Account

Charles Schwab Bank Money Market Account

in Money Market Accounts from Charles Schwab

Unaffiliated

Charles Schwab Bank Money Market Account

Unaffiliated

in Money Market Accounts from Charles Schwab

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend Charles Schwab Bank Money Market Account to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
APY (Annual Percentage Yield) 1.3% - 2.23%

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).

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 Charles Schwab Bank Money Market Account rates?

Charles Schwab Bank 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.

Charles Schwab Bank Money Market Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 1.3% - 2.23%

What are the Charles Schwab Bank Money Market Account fees?

Charles Schwab Bank Money Market Account does not charge a monthly maintenance fee.

Charles Schwab Bank Money Market Account Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee N/A

What is the minimum balance for Charles Schwab Bank 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 Bank 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.
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. 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
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

APY Minimum Balance $1
Minimum Balance to Avoid Monthly Fee $0
Monthly Fee $0
APY (Annual Percentage Yield) 1.3% - 2.23%
Dividend Payout Frequency Monthly

Be the first to rate

 

Would you recommend Charles Schwab Bank Money Market Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Money Market Accounts

CIT Bank Money Market Account
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

1 Reviews

UFB Direct Premium Money Market
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

1 Reviews