Schwab Bank High Yield Investor Savings® account

Common questions

How do I open a High Yield Investor Savings account?

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 628291
Orlando, FL 32862-8291 

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?

• Transfer funds to your savings account online from a Schwab One^® brokerage account or High Yield Investor Checking^® account.
• Set up direct deposit into your High Yield 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.