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  Charles Schwab Bank High Yield Investor Savings Account

Charles Schwab Bank High Yield Investor Savings Account

in Savings Accounts from Charles Schwab · Member FDIC

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Charles Schwab Bank High Yield Investor Savings Account

Unaffiliated

in Savings Accounts from Charles Schwab · Member FDIC

Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

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Monthly Fee $0
APY (Annual Percentage Yield) 0.05%
APY Minimum Balance $0.01

Charles Schwab Bank High Yield Investor Savings Account Review

Charles Schwab Bank High Yield Investor Savings Account is offered by Charles Schwab, a bank founded in 1971 and based in San Francisco, CA. Charles Schwab Bank High Yield Investor Savings Account is available in 50 states (and Washington, DC).

Charles Schwab Bank High Yield Investor Savings Account FAQ

Are savings accounts from Charles Schwab federally insured?

Yes, your Charles Schwab savings 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.

Does Charles Schwab offer a signup bonus?

Charles Schwab Bank High Yield Investor Savings Account doesn't offer a signup bonus.

What is the minimum balance for Charles Schwab Bank High Yield Investor Savings Account?

The minimum balance to open a Charles Schwab Bank High Yield Investor Savings Account is $0.
Charles Schwab Bank High Yield Investor Savings Account Account Minimums
Description
APY Minimum Balance $0.01
Minimum Initial Deposit $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Required Balance $0
Minimum Account Transfer to Avoid Monthly Fee N/A
Minimum Direct Deposit to Avoid Monthly Fee $0
Minimum Balance to Avoid Monthly Fee $0

What APY does Charles Schwab offer?

Charles Schwab Bank High Yield Investor Savings Account offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

What features and perks does Charles Schwab Bank High Yield Investor Savings Account offer?

This account includes the following features:

  • Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
  • ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks. Typically there is a limit to how much you can claim for these costs, so check the fine print if you plan to make multiple withdrawals within one month.
  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - Charles Schwab Bank High Yield Investor Savings Account 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 receive ebills directly to your account and pay them easily from your account.
  • Nationwide ATM network - Withdraw money and check your balance from wherever you are.
  • Charles Schwab Bank High Yield Investor Savings Account Features
    Description
    Best Of? Yes
    Bank Account Features
    • No ATM Fees
    • FDIC Member
    • Branch Access
    • Bauer Financial A+/A Rating
    • Automatic Savings
    • Debit Card
    • Free Bill Pay
    • Debit Card Lock/Unlock
    • Fraud Monitoring
    • Mobile Banking
    • Check Images with Statement
    • Nationwide ATM Network
    • ATM Reimbursement
    • Interest Bearing Account
    • No Monthly Maintenance Fee
    • Mobile Check Deposit

What fees does Charles Schwab Bank High Yield Investor Savings Account charge?

Charles Schwab Bank High Yield Investor Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $25 fee.
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Availability

  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 $0.01
Minimum Balance to Avoid Monthly Fee $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee $0
Minimum Initial Deposit $0
Minimum Required Balance $0
Monthly Fee $0
Returned Deposit Fee (Domestic) $5
Wire Transfer Fee - Domestic (Outgoing) $25
Bauer Financial A+/A Rating  
Bank Account Features
  • No ATM Fees
  • FDIC Member
  • Branch Access
  • Bauer Financial A+/A Rating
  • Automatic Savings
  • Debit Card
  • Free Bill Pay
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Check Images with Statement
  • Nationwide ATM Network
  • ATM Reimbursement
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.05%

Charles Schwab Bank High Yield Investor Savings Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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