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Looking for more ways to put your cash to work?

Savings and investment cash

Savings and investment cash

Earn potentially higher yields, preserve principal, and get easy access to funds.

  • Schwab Bank Investor Savings™ account

    Schwab Bank Investor Savings™ account

    0.48% APY*1

    Get a competitive yield regardless of your balance and keep your liquid savings growing.

    • No minimum balance or monthly account service fees

    • Easy transfers to your other Schwab bank and brokerage accounts2

    • FDIC-insured up to $250,000 per depositor3

    • Schwab Bank Visa® Platinum Debit Card with unlimited ATM fee rebates worldwide4 and no foreign transaction fees.5

    • Mobile check deposit using the Schwab app6 for iPhone®, iPad®, and Android™ 

    Learn More
  • Through Schwab brokerage & retirement accounts

    Schwab Money Funds

    2.86% to 5.30% Yields†

    Earn taxable or tax-exempt7 income while seeking stability of capital and liquidity.

    • No transaction fees8 and an initial investment starting at $0‡

    • Next-day access to funds if shares are sold by 4 p.m. Eastern time

    • Generally, seeks to maintain a stable $1.00 per share net asset value (NAV)**

    • Convenient access to potentially higher yields on cash

    • Prime, municipal, and government money funds

    • Available for retail and institutional accounts

    View Products
  • Through Schwab brokerage & retirement accounts

    Certificates of Deposit (CDs)

    5.05% to 5.56% APY§9

    Protect your principal and earn a fixed rate of return with CDs from Schwab CD OneSource®

    • One-stop marketplace for CDs
    • Fixed-term: 30 days or more
    • FDIC-insured up to $250,000 per depositor per bank9
    • Extended FDIC coverage10 by purchasing CDs from multiple banks
    • Easy online transactions in your Schwab account or through a Fixed Income Specialist
    Learn More
Everyday cash

Everyday cash

Purchase investments, pay bills, and manage daily expenses.

  • Through Schwab brokerage & retirement accounts

    Uninvested cash in your Schwab brokerage and retirement accounts¹¹

    0.45% APY12

    Earn interest12 and use uninvested cash to purchase investments and manage daily expenses.13

    • Immediate access to funds for buying most investments

    • Bank Sweep deposits are eligible for FDIC insurance.14 Schwab One Interest balances are eligible for SIPC coverage.15

    • Schwab One® Visa® Platinum Debit Card with unlimited ATM fee rebates worldwide4 and no foreign transaction fees5

    • Free standard checks and mobile check deposit using the Schwab app6 for iPhone, iPad, and Android

    Learn More
  • Through Schwab Bank, Member FDIC

    Schwab Bank Investor Checking™, linked to a Schwab One® brokerage account¹⁶

    0.45% APY17

    Save on bank fees, earn interest, travel with confidence, and easily access cash for daily spending needs.

    • No monthly service fees or account minimums

    • Easy transfers to your linked Schwab One® brokerage accounts

    • FDIC-insured up to $250,000 per depositor3

    • Schwab Bank Visa® Platinum Debit Card with unlimited ATM fee rebates worldwide4 and no foreign transaction fees5

    • Security features like transaction alerts, travel notices, and card lock/unlock

    • Online and mobile bill pay18, free standard checks, and mobile wallets like Apple Pay®, Google Pay™, and Samsung Pay®19

    • Mobile check deposit using the Schwab app6 for iPhone, iPad, and Android 

    Learn More

Questions about cash solutions?

Brokerage products and services are offered by Charles Schwab & Co., Inc., member SIPC. Deposit products and services are offered through Charles Schwab Bank, SSB ("Schwab Bank"); Charles Schwab Premier Bank, SSB ("Schwab Premier Bank"), and Charles Schwab Trust Bank ("Schwab Trust Bank", "CSTB") – collectively the "Affiliated Program Banks", Members of FDIC.

Charles Schwab Investment Management, Inc. (CSIM), the investment advisor for Schwab Funds®, Charles Schwab & Co., Inc. ("Schwab"), Member SIPC, the distributor for Schwab Funds, are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.

*Annual percentage yield.

†Yields shown represent the range of annualized fund yields, reflecting applicable waivers and based on the average income paid out over the prior seven days assuming interest income was not reinvested. These yields represent past performance, which cannot guarantee future results. Where waivers are not reflected, the yields would have been lower. Current performance may be lower or higher than the performance quoted. For more current performance please visit www.schwabassetmanagement.com.

‡The Funds' Ultra Shares have a minimum initial investment of $1,000,000.

§The annual percentage yield displayed includes 3-month to 1-year values. Please note there may be a delay in reflecting the latest rates. Please visit the Schwab CD OneSource® page to see the current rates available.

**Not applicable to Schwab Variable Share Price Money Fund.

Investors in money market funds should carefully consider information contained in the prospectus, or, if available, the summary prospectus, including investment objectives, risks, charges, and expenses. You can request a mutual fund prospectus by calling Schwab at 800-435-4000. Please read the prospectus carefully before investing.

1.    The Schwab Bank Investor Savings Account™, with a minimum balance of $0.01, offers a 0.48% annual percentage yield (APY) as of 11/13/2023. This rate is variable and may change without notice.

2.    Based on changes to certain federal regulations made in response to COVID-19, effective May 2020 and until further written notice is provided, Schwab Bank has indefinitely suspended enforcement of provisions in the Schwab Bank Deposit Account Agreement that limit the number of certain types of withdrawals and transfers from Investor Savings accounts to a total of six (6) each monthly statement cycle. This change means that clients may make withdrawals and transfers from their Investor Savings account without limit, and Schwab Bank will not take action to convert or close Investor Savings accounts based on the number of withdrawals and transfers made.
 
3.    Funds deposited at Charles Schwab Bank, SSB are insured, in aggregate, up to $250,000, based on account ownership type, by the Federal Deposit Insurance Corporation (FDIC).

4.    Unlimited ATM surcharge rebates apply to cash withdrawals using the Schwab One Visa® Platinum Check Card or the Schwab Bank Visa® Platinum Debit Card at ATM's where they are accepted. ATM surcharge rebates do not apply to any fees other than surcharges assessed for using an ATM to withdraw cash in local currency from your Charles Schwab & Co., Inc. Schwab One brokerage account or your Charles Schwab Bank, SSB account. Charles Schwab & Co., Inc. and Charles Schwab Bank, SSB make their best efforts to identify those ATM surcharges eligible for rebate, based on information they receive from Visa and from ATM operators. In the event that you have not received a rebate for an eligible surcharge, please call a Schwab One Client Service Specialist at 800-421-4488 or a Schwab Bank Client Service Specialist at 888-403-9000. Charles Schwab & Co., Inc. and Charles Schwab Bank, SSB reserve the right to modify or discontinue this ATM surcharge rebate at any time. 

5.    If you use your card to withdraw foreign currency from an ATM, or to pay for a purchase with foreign currency, we charge your account for the U.S. dollar equivalent of the transaction. Depending on the specific arrangements that are in place, the exchange rate will be determined by the bank at which you conduct the transaction, the network to which the ATM belongs, or Visa®.
 
6.    The Schwab Mobile Deposit™ service is subject to certain eligibility requirements, limitations, and other conditions. Enrollment is not guaranteed. Standard hold policies apply. Requires a wireless signal or mobile connection. Access to Electronic Services may be limited or unavailable during period of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.  Functionality may vary by operating system and/or device. Mobile carrier data charges may apply.

7.    May be subject to state, local, and the federal Alternative Minimum Tax. Capital gains are not exempt from federal taxes.

8.    Fund expenses and other fees may apply.

9.    Certificates of deposit (CDs) from Schwab CD OneSource® are issued by FDIC-insured institutions and are subject to change and system access. Funds are FDIC-insured up to $250,000 per depositor per insured institution, based on account ownership type. Visit www.fdic.gov for details. For most CDs, there are no additional commission charges when you buy a CD through Schwab CD OneSource. However, there may be costs and market value adjustments associated with early redemption. CDs available through Schwab CD OneSource typically offer a fixed rate of return, although some offer variable rates.   The minimum quantity is generally $1,000 face amount but may vary by offering. CDs may be subject to an early withdrawal penalty.

10.    Funds deposited at an FDIC-insured institution are insured, in aggregate, up to $250,000 per depositor, per insured institution, based upon account type, by the Federal Deposit Insurance Corporation (FDIC).  CDs you purchase from a particular bank are aggregated with any other deposits you may have with the issuing bank for purposes of determining FDIC insurance coverage (e.g., if you already have deposits of $250,000 with a bank, CDs you purchase from the same bank in the same ownership category may not be covered). Because the deposit insurance rules are complex, you may want to use the FDIC's Electronic Deposit Insurance Estimator (EDIE)  to estimate your total coverage at any particular bank.

11.    Not all services are available on retirement accounts or in certain Schwab One accounts (those owned by organizations or in managed accounts).

12.    Schwab One Interest and Bank Sweep are the two primary cash features. Money Fund Sweep feature is an additional cash feature available to certain accounts. Please note Schwab One Interest and the Money Fund Sweep feature are not FDIC-insured. As of 7/1/2023, the Annual Percentage Yield (APY) quoted for Schwab One Interest and Bank Sweep is 0.45% with a minimum balance of $0.01; it is quoted at 0.45% for balances over $1,000,000. This rate is variable and may change without notice.

13.    If your account is an IRA, withdrawals prior to age 59½ may be subject to a tax penalty.

14.    Bank Sweep deposits are held at one or more FDIC-insured banks (collectively, the "Program Banks"). Funds deposited at Program Banks are insured, in aggregate, up to $250,000 per Program Bank, per depositor, for each account ownership category, by the Federal Deposit Insurance Corporation (FDIC). Securities products and services (including unswept or intra-day cash, net credit or debit balances, and money market funds) offered by Charles Schwab & Co., Inc. (member SIPC) are not deposits or obligations of the Program Banks, are subject to investment risk, are not FDIC insured, may lose value, and are not Program Bank-guaranteed. Charles Schwab & Co., Inc. and the Affiliated Program Banks are separate entities and are all affiliates of The Charles Schwab Corporation.

15.    Schwab One Interest is not a bank account and is not FDIC-insured. Charles Schwab & Co., Inc. is a member of the Securities Investor Protection Corporation (SIPC), which provides up to $500,000 (including $250,000 for claims for cash) of coverage when aggregated with other securities and cash held by you in the same capacity at Charles Schwab & Co., Inc. SIPC coverage protects eligible brokerage assets up to applicable limits in the case of a brokerage firm’s insolvency. It does not protect against investment losses.

16.    The Schwab Bank Investor Checking™ account is available only as a linked account with a Schwab One brokerage account. The Schwab One brokerage account has no minimum balance requirements, minimum balance charges, minimum trade requirements, and there is no requirement to fund this account, when opened with a linked Investor Checking account. To learn more about other Schwab Bank checking accounts, please contact Schwab Bank at 888-403-9000.

17.    The Schwab Bank Investor Checking™ account, with a minimum balance of $0.01, offers a 0.45% annual percentage yield (APY) as of 7/1/2023. This rate is variable and may change without notice.

18.    Online and Mobile bill pay: Requires access to Schwab.com or Schwab Mobile via a wireless signal or mobile connection. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons. Functionality may vary by operating system and/or device.

19.    Use of your card through a mobile wallet is subject to the terms and conditions of your Schwab Bank Deposit Account Agreement (which contains information on any potential liability for unauthorized transactions), your Visa Debit Card Agreement, the terms and conditions of the mobile wallet you use, the privacy policy set forth at www.schwab.com and the privacy policy of the mobile wallet you use.
 
Apple, the Apple logo, iPhone, and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Pay, Touch ID and Apple Watch are trademarks of Apple Inc. Google Pay is a trademark of Google Inc. Samsung, Samsung Pay, Samsung Gear, Galaxy S and Gear S (and other device names) are trademarks or registered trademarks of Samsung Electronics Co., Ltd. Use only in accordance with law. Other company and product names mentioned may be trademarks of their respective owners. Samsung Pay is available on select Samsung devices. 

You could lose money by investing in the Schwab Money Funds. All Schwab Money Funds with the exception of Schwab Variable Share Price Money Fund seek to preserve the value of your investment at $1.00 per share, but cannot guarantee they will do so. Because the share price of Schwab Variable Share Price Money Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. All Schwab Money Funds with the exception of Schwab Government Money Fund, Schwab Retirement Government Money Fund, Schwab U.S. Treasury Money Fund, Schwab Treasury Obligations Money Fund and Schwab Government Money Market Portfolio may impose a fee upon the sale of your shares if the Fund's board or its delegate determines that the fee is in the best interests of the Fund. An investment in the Schwab Money Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Schwab Money Funds' sponsor has no legal obligation to provide financial support to the Funds, and you should not expect that the sponsor will provide financial support to the Funds at any time.

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Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co. Inc. (Member SIPC), and its affiliates offer investment services and products. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products.

This site is designed for U.S. residents. Non-U.S. residents are subject to country-specific restrictions. Learn more about our services for non-U.S. residents, Charles Schwab Hong Kong clients, Charles Schwab U.K. clients.

© 2024 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. Unauthorized access is prohibited. Usage will be monitored.

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