| Industry-leading annual percentage yield |
, × higher than the national average1 |
| ATM fee reimbursement |
Unlimited2 |
| Minimum balance requirement |
None |
| Monthly service charges |
None |
| Standard checks |
Free |
| Visa® Platinum Check Card |
Free |
| Unlimited checkwriting |
Free |
| FDIC-insured |
Yes, up to $250,0003 |
Your Schwab Bank High Yield Investor Checking account comes linked to a
no-minimum, no-annual fee Schwab investment account.
- The Schwab Bank High Yield Investor Checking account, with a minimum balance of $0.01, offers a Annual Percentage Yield (APY) as of . This rate is variable and may change without notice. The current APY on the Schwab Bank Investor Checking account for an account with $1 is times higher (when rounded to the nearest whole number) than the national average APY of banks and thrifts (excludes credit unions), based upon a survey by Informa Research Services, Inc., Calabasas, CA (www.informars.com), as of . Although the information has been obtained from the various institutions themselves, its accuracy cannot be guaranteed.
- Unlimited ATM fee rebates apply to cash withdrawals using the Schwab Bank Visa Platinum Check Card wherever it is accepted. ATM fee rebates do not include currency exchange fees; fees imposed by merchants for 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 Client Service Specialist for assistance. Schwab Bank reserves the right to modify or discontinue the ATM fee rebate at any time.
- Funds deposited at Charles Schwab Bank are insured, in aggregate, up to $100,000 (based on account ownership type) by the Federal Deposit Insurance Corporation (FDIC). Note: On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009. Deposits which had an insurance limit of $100,000 prior to October 3, 2008 will revert to the $100,000 limit after December 31, 2009.
The Schwab Bank High Yield Investor Checking account is available only as a linked account with a Schwab One brokerage account. The Schwab One brokerage account has no minimum balance requirements when opened with a linked High Yield Checking account.
Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value
Charles Schwab Bank
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.
©2009 Charles Schwab Bank. All rights reserved. Member FDIC. CSP 07291 (0808-2775) ELC44427A-02 (04/09)
