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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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High Yield Investor Checking is rated 4.4286 out of 5 by 945.
Rated 5 out of 5 by from So far so good! This review is for the banking portion of Schwab generally and not for this branch, though this will be my "local" if I ever need to do anything in a brick and mortar CS outpost while I'm at home. I just opened my Schwab accounts so this review might be a bit premature, but after my customer service experiences with Schwab so far I felt compelled to write a review. Their customer service is awesome. I've used the live chat and the phone. I've had almost no wait with either service (1 to 2 minutes for chat, none for phone) and always spoke to a live person, not a machine. All the CS reps I've spoken to have been uncommonly friendly and warm. My needs and questions were taken care of immediately and I've been more than satisfied with the outcomes of these interactions. Besides the customer service, the reimbursement of ATM fees and the ability to use any ATM without being charged by my bank, especially overseas, is huge for me since I do a lot of traveling. It's also very cool that it's a high yield checking account, meaning your balance is earning interest instead of just sitting there twiddling its thumbs. And no minimum balance or service fees are right up my alley. All in all I'm extremely satisfied with my Schwab experiences. I'll update this review if that changes.
Date published: 2016-02-27
Rated 5 out of 5 by from What a wonderful account I've had accounts with numerous traditional banks and other banks through companies similar to Charles Schwab. I am far and away the most pleased with Charles Schwab. The free checks, reimbursement of ATM fees, and the website's ease of use have left me 100% satisfied. Every time I've called with a question or concern, every Charles Schwab representative has been professional, polite, and more than happy to help me. I highly recommend Charles Schwab to anyone.
Date published: 2014-08-14
Rated 5 out of 5 by from
Date published: 2014-02-06
Rated 5 out of 5 by from No hazzle, simple, great product. Overall fantastic for my needs.
Date published: 2014-02-04
Rated 5 out of 5 by from Great Checking Account I've invested through Schwab for over 20 years and have never been disappointed. Great personal service and website. The investor checking account is a favorite - no ATM fees, which means no searching for a specific bank's ATM when traveling. Easy on-line access and links to other accounts.
Date published: 2014-01-16
Rated 5 out of 5 by from no complaints Schwab makes clear the advantages of this account before you apply. The interest rate is low but most of my funds are invested and not in cash. The fees are zero so this compensates for the fact my cash is not earning much interest. Customer service is excellent. Prompt, capable, accurate. Schwab's web designers also are receptive to suggestions.
Date published: 2014-01-10
Rated 5 out of 5 by from Best bank I've used Schwab is NOT one of the best banks I've used. It's simply THE best. No fee whatsoever (unless, of course, you have a returned item but even that is only 5 dollars). And you get reimbursement for ATM fees. And you get free checks and no monthly fee and no minimum. Their customer service is great too. I have really nothing to complain about this bank. (Disclaimer: I don't do trading at all so I have no idea about their trading service.)
Date published: 2013-10-31
Rated 5 out of 5 by from Haven't found a better checking account I've used Schwab Checking for a little over a year now. This was after a search around my local banks for a checking account I liked. All the other options either had minimums I wasn't comfortable with, or ATM fees, etc. Schwab has none of that. ATM fees are reimbursed, free checks, no fees. It's hard to beat. There have been a couple hiccups along the way. Customer service has been great though, you never have to wait on hold waiting for a representative. So far so good, I haven't been able to find a checking account either locally or online that offers a better combination of features and services.
Date published: 2013-10-31
  • 2016-05-02T06:27CST
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