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Solutions for Your Cash

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Easily manage your cash for every day, a rainy day, and some day. Do you have a solid plan for the cash you’re holding? Having strategies for your cash—from daily spending needs to the money you’re holding for the next investment opportunity—is an important part of your portfolio and essential to achieving your financial goals.

Getting started

When deciding which solutions are right for you, first consider why you’re holding cash and how you plan to use it.

It’s helpful to look at your cash in three ways:

Find easy ways to save and preserve capital for those planned or unplanned life events, or to help reduce risk as a part of your overall asset allocation strategy.

Schwab Bank High Yield Investor Savings®
This FDIC-insured account offers a competitive yield regardless of your balance to keep your liquid savings growing. You’ll also have:

  • An easy way to access and manage your cash and your investments with a single sign-on
  • No minimums or account service fees
  • Easy transfers between your Investor Savings and Schwab brokerage accounts
  • FDIC-insured up to $250,0005
  • Note: As with any savings account, you are limited to six monthly withdrawal transactions.

Open an account

Schwab Purchased Money Market Funds
If you value next-day liquidity, an SIPC-insured Schwab Purchased Money Market Fund can reduce your portfolio’s volatility and allow you to earn taxable or tax-exempt income. Please note these funds are not FDIC-insured.

Purchased money market funds offer competitive yields and quick access to your money with:

  • Easy access to your cash investment (next business day if sold by 4 p.m. ET)
  • No transaction fees to buy or sell funds
  • Either taxable or tax-free income6

See Rates

CDs from Schwab CD OneSource®7
Protect your principal and earn a fixed rate of return. If you don’t need your cash for at least one month, certificates of deposit (CDs) offer a way to invest your cash for longer-term returns. Schwab CD OneSource offers you a marketplace of CDs from FDIC-insured banks across the country. You can compare a great selection of competitive rates and maturities and can spread cash across multiple CDs and multiple banks, increasing your FDIC insurance coverage.

Schwab CD OneSource offers:

  • Choices: a selection of CDs from a wide range of FDIC-insured banks8
  • Convenience: purchase CDs online, view all your CDs on Schwab.com
  • Predictability: a locked-in rate for the maturity term you want

See Rates

Find a cash solution that fits your needs

From your everyday banking to an investment to support your overall asset allocation, take a look at the range of cash solutions from Schwab and Schwab Bank.

If you’re already a Charles Schwab client, log in to see rates.

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Product Description Liquidity Yield Insurance
Everyday Cash (1 to 90 days)
Schwab High Yield Investor Checking
  • Receive a competitive rate with no minimum balance and no monthly account service fees.1
  • Use any ATM worldwide—Schwab Bank will reimburse any fees you’re charged.2
  • Features include online bill pay, free checks, and a free Schwab Bank Visa® Platinum Debit Card.
  • Balances are FDIC-insured up to $250,000.5

Same day Variable APY9 FDIC-insured
Cash Awaiting Investment (90 days to 9 months)
Schwab Bank Sweep feature
  • At the end of each business day, uninvested cash in your Schwab One brokerage account is automatically swept to Charles Schwab Bank to earn interest.
  • Access your cash easily using the payment features associated with your account type, including checks, debit cards, or bill pay.
  • Also available for Individual Retirement Accounts (IRAs).
  • Balances are FDIC-insured up to $250,000.5
Same day Variable APY FDIC-insured
Schwab One Interest feature
  • With the Schwab One Interest feature, Schwab pays you interest on the uninvested cash in your account.
  • Access your cash easily using the payment features associated with your account type, including checks, debit cards, or bill pay.
Same day Variable interest SIPC coverage (limitations may apply)10
Medium- to Longer-term Cash (1 year to multiple years)
Schwab High Yield Investor Savings
  • Receive a competitive interest rate on your savings, with no minimum balance and no monthly account service fees.
  • Use any ATM worldwide—Schwab Bank will reimburse any fees you’re charged.2
  • Balances are FDIC-insured up to $250,000.5
Same day

Maximum of six withdrawals per monthly statement cycle
Variable APY FDIC-insured
Schwab Purchased Money Market Funds
  • Generally stable investments, money market funds can reduce your portfolio’s volatility and provide you with taxable or tax-exempt income.
  • Shares must be actively bought or sold to liquidate or buy into the fund, and no transaction fee applies.
  • Money market funds require low initial investments starting from $2,500.
Next business day Variable (based on portfolio yield) SIPC coverage (limitations may apply)10
CDs
  • CDs allow you to protect your principal and earn a fixed rate of return on the money you have invested.
  • Extend your FDIC coverage and receive great rates all within one brokerage account with Schwab CD OneSource, a marketplace of CDs from banks across the country.7
Based on term Fixed APY FDIC-insured7

*Limitations may apply.


Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value

Money fund investors should carefully consider information contained in the money fund prospectus, including investment objectives, risks, charges, and expenses. You can request a mutual fund prospectus by calling Schwab at 1-800-435-4000. Please read the prospectus carefully before investing.

An investment in a money market fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC). Although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund. Please note that bank certificates of deposit are FDIC-insured up to $250,000 while non-bank investment products have no such guarantees.