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Schwab Bank High Yield Investor Checking Account®

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Pay no ATM fees worldwide with our popular online checking account.1 There are no monthly service fees, you’ll earn interest on your balance, and your account is FDIC-insured.

What are the fees and minimums?

  • Monthly service fees: $0
  • Account minimum: $0

What do I get with this account?

  • Unlimited fee rebates from any ATM worldwide1
  • A 0.06% APY variable interest rate on any balance2
  • Free bill pay on Schwab.com and Schwab Mobile
  • Apply for Schwab Mobile Deposit™ to deposit checks from anywhere
  • Free standard checks and a Visa® Platinum debit card once the account has been funded. 
  • FDIC insurance up to $250,0003
  • A linked Schwab One® brokerage account
  • Link to Apple Pay™ to make purchases with your iPhone® 6 or iPhone 6 Plus Learn more.

View High Yield Investor Checking Account Features and Fees.4

See client reviews

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Need help? Call 800-540-6718.

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Open a Schwab Bank High Yield Investor Checking account today.


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High Yield Investor Checking is rated 4.424949290060852 out of 5 by 986.
Rated 5 out of 5 by from Unmatched features.. One of the best accounts available! The services offered by Schwab High-Yeild Checking account are amazing. Just have a look at the features that come along with this account. No other bank offers such complimentary services. Also, no monthly fees, neither a minimum balance nor a necessity for a direct deposit make this a very flexible and must-have account. To top it off, they reimburse any fees that you might incur if you withdraw from a non-Schwab ATM! Thanks for providing such great benefits. Keep up the good work. I would happily recommend this account to everyone.
Date published: 2016-05-23
Rated 5 out of 5 by from Best bank I have ever dealt with 20+ year Schwab customer. Schwab knows how to treat customers with respect and exceptional service. ATM rebates, free checks and great apps and competent US based service. Best bank I have ever dealt with.
Date published: 2016-05-09
Rated 5 out of 5 by from Excellent Service Charles Schwab brings the best of both worlds for personal banking and investing. Not only is their checking account zero fee, but they reimburse all your ATM fees and foreign transaction fees. The mobile banking app on iOS is easy to use and allows you to do almost anything you need to from your phone, including external transfers and moving money to your investment account (that comes free of charge when you open your checking account), making trades, etc. The number one reason I will recommend this bank is because their customer service is the best in the business. I've had accounts with several banks, but Schwab is at the top of the list of friendly and prompt service. If you want to minimize frustrations, open your account here.
Date published: 2016-05-08
Rated 5 out of 5 by from BEST Bank EVER! PERIOD. Over a lifetime in the real estate business, I have had banking relationships with 20+ regional and national banks, for my business and for my personal banking needs. This bank is so far and away the best I have ever been with, that it is truly in a class of its own. From the "no ATM fees" at all Charles Schwab Bank branches (has anyone ever found one??) and no such fees at any and all bank ATM's worldwide, and with the best in class phone & email service, this bank is just outstanding in every way I've been able to measure. I've lived outside the continental United States since June 2012, in Europe and in Asia. Not only do I enjoy exchange rates pretty much equal to those on the Forex, but I can access those great rates at any bank ATM, wherever and whenever I need to. When I've needed any sort of service, such as raising the daily withdrawal limit, which is in place to protect me - not the bank, a call at any hour is quickly answered with the required response - on the spot. I've prattled on far too long. This is the easiest banking decision you will ever have to make. GO WITH Charles Schwab Bank. Oh, by the way, I've also found Schwab brokerage service to be excellent.
Date published: 2016-04-19
Rated 5 out of 5 by from Best decision I ever made with my checking account I'm a truck driver, so finding a fee free ATM can be very difficult, so I switched to Charles Schwab more than 10 years ago, and all the ATM from coast to coast have been fee free every since, as well as the checks.
Date published: 2016-04-14
Rated 1 out of 5 by from Hard Credit Check on a Bank Account - Lowers Your Credit Score I loved this account. I transitioned all my banking to Schwab from another "lesser" bank. However, I just checked my credit score. It went down by 60 points due to a HARD credit pull by Schwab for this bank account. Nothing else changed. I was NOT informed upfront that this would be done. When I called to inquire about this, I was told, "we gave you a head's up". Yes, because it was in the tiny font of the 300+ page document that you have to click "I Agree". I have never heard of any other checking account doing this, ever. Schwab is not transparent with its customers. They need to CLEARLY state that a hard credit pull will be informed for this type of credit pull, upfront. This will not be removed for two years from my record. Don't let this happen to you. Do NOT get this checking account.
Date published: 2016-03-24
Rated 1 out of 5 by from They hold your money hostage Paper checks held for a minimum of two weeks.
Date published: 2016-03-24
Rated 5 out of 5 by from Best Bank in America! I have had accounts open from the big guys with American flag logos, to local credit unions and everything in-between. After discovering Chuck Bank, I closed all my accounts, and put the hunt for the best bank out there to rest. Customer service is amazing, they always have the answer I need, are ready to accommodate my requests, and are open to feedback at every turn. They are committed to the experience of their customers, and know that building relationships is what makes promoters and makes me loyal to their brand. For instance, I have a joint checking account with the bank and needed a replacement debit card for the secondary account holder. I called and spoke with a lovely representative to informed me that the card would need to be sent to the main address (a minor inconvenience as we are in neighboring states) never the less, the experience was great. The next day I got a voicemail from a Chuck Bank manager who had reviewed my interaction, and realized that the representative was mistaken. He took the liberty of rerouting the card to the secondary address, and even had it overnighted via FedEx. Now that, is service. It's things like this that keep me in love (and my money) with Charles Schwab Bank. It is things like this that make Charles Schwab Bank the best bank in America today! If you're on the fence. Jump in! You'll never look back.
Date published: 2016-03-03
  • 2016-07-27T06:20CST
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