FDIC
FDIC-Insured - Backed by the full faith and credit of the U.S. Government.

Schwab Bank Investor Savings™ account

Open an Investor Savings account to make managing finances simpler.

#1 in Customer Satisfaction for Direct Bank Savings Accounts.

Charles Schwab received the highest score in the savings segment of the J.D. Power 2025 U.S. Direct Banking Satisfaction Study, which measures overall satisfaction with direct branchless banks. Visit jdpower.com/awards for more details. The J.D. Power 2025 U.S. Direct Banking Satisfaction Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee.

Features

  • 0.15%

    APY¹ on your savings account balance

  • Unlimited ATM fee rebates worldwide²

  • $0

    No monthly service fees

Benefits of a savings account with Schwab Bank

  • Powerful mobile apps³ to access your account or transfer money

  • Check deposit from anywhere with Schwab Mobile Deposit™³

  • FDIC-insured savings (up to $250,000)⁴

Common questions

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

Return Instructions:

Upload online with secure messaging (if you are an existing client and have online access to your account).

1. Go to Schwab.com and log in to your account.

2. Click the Message Center link (under Service), and then click the Upload Document link.

3. Upload your form as an attachment by clicking the Add File button.

4. When your message is complete, click Send.

Fax to 888-526-7252
Bring to your nearest Schwab branch (visit Schwab.com/branch for locations).

Mail to any of the following addresses:
Regular Mail (West)
Charles Schwab & Co., Inc.
P.O. Box 982600
El Paso, TX 79998-2600

Regular Mail (East)
Charles Schwab & Co., Inc.
P.O. Box 2339
Omaha, NE 68103

Yes. Funds in your 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.

  • Transfer funds to your savings account online from a Schwab One® brokerage account or Schwab Bank Investor Checking™ account.
  • Set up direct deposit into your Investor Savings account.
  • Apply for Schwab Mobile Deposit™ to make deposits from anywhere.4
  • Mail a check to Schwab Bank using a free postage-paid envelope.
  • Request a wire transfer to your account from another financial institution.

Take the next step.

Looking for other cash solutions to help you reach your goals?

See rates for cash products at Schwab and compare the features and benefits of each.