Rate updated · 64 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 64 banks SwitchWize tracks, where the best available rate is 4.37%. (Updated November 8, 2026.)
Is Charles Schwab a good savings rate? Not really. At 0.15% it trails the 4.37% best available rate, leaving about $1,054 a year on the table on a $25,000 balance.
The gap, in your dollars
At 0.15%, $25,000 earns $38/yr here versus $1,092/yr at the field leader — a $1,054/yr difference.
See your exact number →Higher-paying alternatives we track
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Other Charles Schwab rates
Frequently asked questions
What is Charles Schwab's savings account interest rate?▾
Charles Schwab pays 0.15% APY on its savings account as of November 8, 2026, based on rates SwitchWize tracks across 64 banks.
Is Charles Schwab's savings rate good?▾
Charles Schwab's 0.15% ranks in the bottom quartile of tracked banks. The best available rate is 4.37% and the FDIC national average is 0.38%.
Which banks pay more than Charles Schwab?▾
Higher-paying tracked options include first horizon bank, sofi, wintrust. 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.