Schwab Bank High Yield Investor Savings® account

Open a High Yield Investor Savings account to make managing finances simpler.

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Features

  • 0.05%

    APY¹ on your savings account balance

  • Unlimited ATM fee rebates worldwide²

  • $0

    No monthly service fees or account minimums

Savings Accounts: How Schwab Bank compares

  • Charles Schwab Bank
  • Bank of America
  • Chase
  • Citibank
  • Wells Fargo
  • Savings Account

  • Charles Schwab Bank

    High Yield Investor Savings

  • Bank of America

    Advantage Savings

  • Chase

    Chase Premier Savings

  • Citibank

    Citigold Savings3

  • Wells Fargo

    Platinum Savings
  • Annual Percentage Yield

  • Charles Schwab Bank

    0.05%
    for all clients

  • Bank of America

    0.03%

    0.04% Preferred Rewards Gold¹

    0.05% Preferred Rewards Platinum¹

    0.06% Preferred Rewards Platinum Honors¹ 

  • Chase

    0.01%

    0.04% $0 - $49,999 Premier Relationship²
      
    0.07% $50K - $249,999 Premier Relationship²

    0.09% $250,000+ Premier Relationship 

  • Citibank

    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 

  • Wells Fargo

    0.05%

    0.05% $0 or more 
  • Minimum Opening Deposit

  • Charles Schwab Bank

    $0

  • Bank of America

    $100

  • Chase

    $100

  • Citibank

    $0

  • Wells Fargo

    $25
  • Monthly Fee

  • Charles Schwab Bank

    $0

  • Bank of America

    $8

  • Chase

    $25

  • Citibank

    $0

  • Wells Fargo

    $12
  • Minimum Balance Required to Waive Monthly Fee

  • Charles Schwab Bank

    $0

  • Bank of America

    $500 Minimum Daily Balance, or

    Waived if Tooltip  

  • Chase

    $15,000 Minimum Daily Balance 

    Waived if Tooltip

  • Citibank

    $200K Minimum Daily Balance

    Waived if Tooltip  

  • Wells Fargo

    $3,500 Minimum Daily Balance 

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.

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

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