Schwab Bank High Yield Investor Savings

Get a great interest rate and FDIC-insured savings with the Schwab Bank High Yield Investor Savings® account. You get a variable annual percentage yield, with no account minimums and no monthly service fees.

What are the fees and minimums?

Monthly service fees: $0
Account minimum: $0

What do I get with this High Yield Investor Savings account?

A competitive interest rate on any balance
An easy way to access, transfer and manage your cash¹
Unlimited fee rebates from any ATM worldwide²
Powerful mobile apps to access your account or transfer money
Apply for Schwab Mobile Deposit™ to deposit checks from anywhere
FDIC insurance up to $250,000³
Apply for Direct deposit and you can deposit all, or a portion of your paycheck or Social Security check

Ready to get started?

Call us at 888-303-0310.

Account fees and minimums

Whatever your account balance, our High Yield Investor Savings account offers:

Minimum opening deposit: $0
Monthly service charge: $0

Want more pricing details?

Other fees may apply. Take a look at our Schwab Bank Pricing Guide.

Quick answers to related questions

Have questions about this interest-earning savings account? Here are responses to some of the most common questions we hear. If you have a specific question that's not answered here, please call us at 888-303-0310.

Is the money in my High Yield Investor Savings account FDIC-insured?

Yes. Funds in your High Yield Investor Savings account are insured up to $250,000³ by the Federal Deposit Insurance Corporation (FDIC) based on account ownership type.

Find out more about FDIC insurance.

Is this a fixed interest rate or will it change?

The High Yield Investor Savings account has a competitive variable interest rate, so it may change as market conditions vary.

How do I deposit money into my High Yield Investor Savings account?

There are several ways you can make a deposit:

Transfer funds online from another Schwab account.
Set up direct deposit into your High Yield Investor Savings account.
Mail a check to Schwab Bank.
Request a wire transfer to your account from another financial institution.
Apply for Schwab Mobile Deposit™ to deposit funds with iPhone® or Android™ smartphones.

Can I access my money with an ATM card?

Yes. Funds in your High Yield Investor Savings account can be accessed with the Schwab Bank Visa® debit card (also known as a "check card"). You’ll have no ATM fees, since we reimburse any ATM fees you are charged.² And you can use your debit card at any Plus® or Visa ATM worldwide.

Where can I find a Schwab Bank branch?

Schwab Bank currently has a branch in Reno, Nevada. Schwab also has more than 270 brokerage branches across the country with representatives who can answer your banking questions.⁴ Find the nearest Schwab brokerage branch with our branch locator.

View more High Yield Investor Savings account questions.

Take the next step.

Open a Schwab Bank High Yield Investor Savings account today.

Call 888-303-0310.

View more High Yield Investor Savings account FAQs.
Learn how your assets are protected at Schwab and Schwab Bank.
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1. Most withdrawals from the Schwab Bank High Yield Investor Savings account count toward the transaction limitations of Federal Reserve Board Regulation D. Federal law strictly limits the number of certain types of debits from savings accounts.

2. Unlimited ATM fee rebates apply to cash withdrawals using the Schwab Bank Visa® Platinum debit card (also referred to as a "check card" or "Visa check card") wherever it is accepted. ATM fee rebates do not apply to any fees other than fees assessed for using an ATM to withdraw cash from your Schwab Bank account. Schwab Bank makes its best effort to identify those ATM fees eligible for rebate, based on information it receives from Visa and ATM operators. In the event that you have not received a rebate for a fee that you believe is eligible, please call a Schwab Bank Client Service Specialist for assistance at 888-403-9000. Schwab Bank reserves the right to modify or discontinue the ATM fee rebate at any time.

3. Funds deposited at Charles Schwab Bank are insured, in aggregate, up to $250,000, based on account ownership type, by the Federal Deposit Insurance Corporation (FDIC).

4. Schwab Bank deposits are accepted only at Schwab Bank branches. Please see the Schwab Bank Deposit Account Agreement for details on making deposits directly into High Yield Savings accounts.

Schwab Mobile Deposit service is subject to certain eligibility requirements, and enrollment is not guaranteed. Standard hold policies apply. Requires a wireless signal or Wi-Fi connection.

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Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and wholly owned subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., member SIPC. Deposit and lending products and services are offered by Schwab Bank, member FDIC and an Equal Housing Lender.