Rate updated · 87 banks tracked
Charles Schwab savings account rate: 0.15% APY
Charles Schwab pays 0.15% on its savings account — ranking in the bottom quartile of the 87 banks SwitchWize tracks, where the top available rate is 3.9%. (Updated June 18, 2026.)
The gap, in your dollars
At 0.15%, $25,000 earns $38/yr here versus $975/yr at the field leader — a $938/yr difference.
See your exact number →Higher-paying alternatives we track
Rates subject to change. Verify before switching.
Frequently asked questions
What is Charles Schwab's savings account interest rate?▾
Charles Schwab pays 0.15% APY on its savings account as of June 18, 2026, based on rates SwitchWize tracks across 87 banks.
Is Charles Schwab's savings rate good?▾
Charles Schwab's 0.15% ranks in the bottom quartile of tracked banks. The top available rate is 3.9% and the big-bank median is 3%.
Which banks pay more than Charles Schwab?▾
Higher-paying tracked options include becu, navy federal, northpointe. Compare rates at /banks to find the best current option.
General information only. Rates change frequently; verify directly with the institution before making financial decisions. SwitchWize is not a bank and does not provide financial advice.