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Schwab Bank High Yield Investor Savings

Schwab Bank High Yield Investor Savings® Account

Open our high yield savings account to make managing finances simpler. Ready to get started?

Download an Application

Need help? Call 800-540-6718.

  • 0.40% APY on your account balance1
  • Unlimited ATM fee rebates worldwide2
  • No service fees or account minimums

Savings Accounts: How Schwab Bank Compares

Charles Schwab Bank Bank of America Chase Citibank Wells Fargo
Savings Account High Yield Investor Savings Rewards Savings Chase Premier Savings Citigold Savings Platinum Savings
Annual Percentage Yield

0.40% for all clients

Earn at least 3X more at Schwab Bank3


Rates vary with account balance


Rates vary with account balance


Rates vary with account balance


Rates vary with account balance
Minimum Opening Deposit $0 $100 $100 $100 $25
Monthly Fee $0 $8 $25 $0 $12
Minimum Balance Required to Waive Monthly Fee


$500 Minimum Daily Balance

Waived if

$15,000 Minimum Daily Balance

Waived if

$200,000 Minimum Daily Balance

Waived if

$3,500 Minimum Daily Balance

What do I get with this savings account?

Get a great interest rate and FDIC-insured savings (up to $250,000) with the Schwab Bank High Yield Investor Savings® account.4 You’ll also get:

  • No account minimums, no monthly service fees
  • A 0.40% APY variable interest rate on any balance1
  • An easy way to access, transfer, and manage your cash5
  • Unlimited fee rebates from any ATM worldwide2
  • Powerful mobile apps to access your account or transfer money
  • Check deposit from anywhere with Schwab Mobile Deposit™6
  • Ability to sign up for direct deposit

Download an Application

Download the Schwab Bank Deposit Account Pricing Guide and Account Agreement

FAQs related to our High Yield Investor Savings account.

Have questions about our savings account? Here are responses to some of the most common questions we hear. If you have a specific question, please call us at 800-540-6718.

How do I open this account?

Simply download and complete an application and mail it back to us, or call 800-540-6718 anytime for assistance.

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® Platinum 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 Visa debit card at any Plus® or Visa ATM worldwide.

How do I make my initial deposit to my High Yield Investor Savings account?

There are several ways you can make a deposit:

  • Transfer funds to your savings account online from your linked Schwab One® brokerage account.
  • Set up direct deposit into your High Yield Investor Savings account.
  • Enroll your account in Schwab MoneyLink®.
  • Apply for Schwab Mobile Deposit™ to make deposits from anywhere.
  • Mail a check to Schwab Bank using a free postage-paid envelope.
  • Request a wire transfer to your account from another financial institution.

Satisfaction Guarantee

We believe every investor deserves to work with a firm they can count on. At Schwab Bank, our commitment to your satisfaction is backed by a Satisfaction Guarantee.8 If for any reason you’re not completely satisfied, we’ll work with you to make things right.

Take the next step.


Download an Application

Helpful Resources