High Yield Savings Account: Charles Schwab Bank: Investor Savings

Cash access and management

Transfer money to and from your High Yield Savings account.

View all your Schwab accounts—Bank, brokerage, 401(k), and more—in one place when you log in to the New Schwab.com. Learn more.

Set up Direct Deposit so that all or a portion of your regular monthly income is automatically deposited into your Schwab Bank Savings Account.

Use any ATM worldwide—we'll reimburse any fees you're charged.¹

FDIC-insured

Single accounts—deposit accounts owned by one person. FDIC insurance covers up to $250,000 per owner for all single accounts at each bank.

Joint accounts—deposit accounts owned by two or more people. FDIC insurance covers up to $250,000 per owner for all joint accounts at each bank.

Living Trust accounts—FDIC insurance coverage for these accounts is determined by a number of factors. Contact the FDIC at 1-877-275-3342 for more information.

Read more about FDIC coverage

888-303-0310

Savings accounts offered by Schwab Bank are FDIC-insured.

The Schwab Bank Savings Account is a variable-rate, interest-bearing savings account. Federal regulations and our Deposit Account Agreement limit outgoing transfers to third parties, preauthorized transfers (including overdraft transfers), and transfers made online or by telephone to six per statement cycle; no more than three of those six transfers may be by check card. See the Schwab Bank Deposit Account Agreement and Pricing Guide for additional information.

1. Unlimited ATM fee rebates apply to cash withdrawals using the Schwab Bank Visa® Check Card wherever it is accepted. ATM fee rebates do not include currency exchange fees; fees imposed by merchants for point-of-sale (POS) transactions; or fees for stamp purchases, balance inquiries, or any transactions other than an ATM cash withdrawal 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 Representative for assistance at 888-403-9000. Schwab Bank reserves the right to modify or discontinue the ATM fee rebate at any time.
2. Funds deposited at Charles Schwab Bank are insured, in aggregate, based on account ownership type, by the Federal Deposit Insurance Corporation (FDIC). The temporary increase of FDIC insurance coverage to $250,000 for all insurable capacities has been extended through December 31, 2013. If not further extended, FDIC coverage will revert to $100,000 on January 1, 2014.
3. If the cash feature on your brokerage or 401(k) account uses the Bank Sweep Feature, your cash balances are automatically swept to deposits at Schwab Bank and are FDIC-insured when aggregated with all other deposits held by you in the same capacity at Schwab Bank.
4. The Annual Percentage Yield (APY) quoted on the Schwab Bank High Yield Investor Savings™ account, with a minimum balance of $0.01, is 1.05% as of 08/18/2009. This rate is variable and may change without notice.

Schwab Bank deposits are accepted only at Schwab Bank branches. Please see the Schwab Bank Savings Account welcome kit for details on making deposits directly into the savings account.

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

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