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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 0.13% 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.
  • Enroll your Schwab Bank Debit Card with Visa Checkout for a convenient and more secure online purchase experience with participating merchants. Enroll at Visa Checkout.

View High Yield Investor Checking Account Features and Fees.4

See client reviews

Ready to get started?

Apply Now

Need help? Call
800-540-6718.

Satisfaction Guarantee

We believe every investor deserves to work with a firm they can count on. At Schwab Bank, our commitment to your satisfaction is backed by a Satisfaction Guarantee.5 If for any reason you’re not completely satisfied, we’ll work with you to make things right. Learn more about our Satisfaction Guarantee.


Take the next step.

Open a Schwab Bank High Yield Investor Checking account today.

Apply Now

Find out how we make it easy to manage your banking and brokerage activities in one convenient location. Watch now.



High Yield Investor Checking is rated 4.4 out of 5 by 1081.
Rated 5 out of 5 by from The PERFECT bank Schwab Bank is the absolute best bank ever. I recommend it all the time.
Date published: 2017-04-28
Rated 5 out of 5 by from
Date published: 2017-04-27
Rated 5 out of 5 by from Great Customer service Company driven to reduce costs and make banking approachable has truly lead the industry to a great banking experience
Date published: 2017-04-26
Rated 5 out of 5 by from
Date published: 2017-04-26
Rated 5 out of 5 by from Great account features and outstanding customer service I've had a Schwab High Yield Investor Checking account for nearly 7 years and have never been more satisfied with a bank. With Schwab Bank, every ATM worldwide is yours to use, since you're reimbursed for all ATM fees at the end of the month. They also have mobile check deposit for the occasional check you receive, with most deposits processed within an hour or two. You'll get free ACH transfers to move money between your Schwab account and your outside accounts, and no monthly service fees or minimum balance requirements. Their telephone customer service is unparalleled, with always a friendly voice in Indianapolis or Phoenix. There are only two downsides. First, being an online bank (with just one branch in Reno, NV) you're unable to deposit any cash; but I have a local, no-frills savings account where I deposit cash and periodically transfer into my Schwab account. The interest rate is on-par with other major bank checking accounts, but you can do better for your savings by investing or depositing in an online savings account, depending on your risk tolerance.
Date published: 2017-04-26
Rated 5 out of 5 by from Convenience
Date published: 2017-04-25
Rated 5 out of 5 by from
Date published: 2017-04-25
Rated 5 out of 5 by from perfect checking account the ultimate free checking account and the only checking account i will ever need.
Date published: 2017-04-25
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