| Charles Schwab Bank | Bank of America | Chase | Citibank | |
|---|---|---|---|---|
| Savings Account | High Yield Investor Savings | Advantage Savings | Chase Premier Savings | Citigold Savings3 |
| Annual Percentage Yield |
0.05% for all clients |
0.03% 0.04% Preferred Rewards Gold¹ 0.05% Preferred Rewards Platinum¹ 0.06% Preferred Rewards Platinum Honors¹ |
0.01% 0.04% $0 - $49,999 Premier Relationship² 0.07% $50K - $249,999 Premier Relationship² 0.09% $250,000+ Premier Relationship |
0.04-0.15% 0.4% Below $10,000 0.06% $10K–$24,9993 0.10% $25K–$99,9993 0.12% $100K–$499,9993 0.15% $500,000+3 |
| Minimum Opening Deposit | $0 | $100 | $100 | $0 |
| Monthly Fee | $0 | $8 | $25 | $0 |
| Minimum Balance Required to Waive Monthly Fee | $0 |
$500 Minimum Daily Balance, or Tooltip |
$15,000 Minimum Daily Balance Tooltip |
$200K Minimum Daily Balance Tooltip |
Annual percentage yields on competitor accounts as of 10/17/19. More information about the above accounts may be found on the respective competitor websites. We believe the above competitor information to be reliable, but neither Schwab Bank nor its affiliates guarantee its accuracy, timeliness, or completeness.
1. The Rewards Money Market Savings interest rate booster is only available to customers enrolled in the Preferred Rewards program. Your enrollment in Preferred Rewards will not automatically convert any existing money market savings account to a Rewards Money Market Savings account without your request. If your enrollment in the Preferred Rewards program is discontinued, the interest rate booster may be discontinued. Visit the Rewards Money Market Savings page on bankofamerica.com for current rates
2. Earn Premier relationship rates when you:
- Link the account to a Chase Premier Plus Checking or Chase Sapphire Checking account, and
- Make at least five customer-initiated transactions in a monthly statement period using your linked checking account
3. To receive a premium rate for the Citi® Savings Account or Citi® Accelerate Savings Account, you must have a linked checking account in the Citigold® Account Package or Citi Priority Account Package, and the checking account must be your primary account.
Annual percentage yields on competitor accounts as of 10/17/19. More information about the above accounts may be found on the respective competitor websites. We believe the above competitor information to be reliable, but neither Schwab Bank nor its affiliates guarantee its accuracy, timeliness, or completeness.
1. The Rewards Money Market Savings interest rate booster is only available to customers enrolled in the Preferred Rewards program. Your enrollment in Preferred Rewards will not automatically convert any existing money market savings account to a Rewards Money Market Savings account without your request. If your enrollment in the Preferred Rewards program is discontinued, the interest rate booster may be discontinued. Visit the Rewards Money Market Savings page on bankofamerica.com for current rates
2. Earn Premier relationship rates when you:
- Link the account to a Chase Premier Plus Checking or Chase Sapphire Checking account, and
- Make at least five customer-initiated transactions in a monthly statement period using your linked checking account
3. To receive a premium rate for the Citi® Savings Account or Citi® Accelerate Savings Account, you must have a linked checking account in the Citigold® Account Package or Citi Priority Account Package, and the checking account must be your primary account.
