Charles Schwab Bank, SSB


Charles Schwab Bank, SSB ACH Number: 121202211

Charles Schwab Bank, SSB is an FDIC insured institution headquartered at 3000 Schwab Way, Westlake, TX 76262.
It was founded in 2003 and has approximately $408 billion in assets. Customers can open an account at one of its 12 branches.

Deposit Rates - January 27, 2023

SAVINGS RATES APY MIN

Loan Rates - January 27, 2023

MORTGAGE PURCHASE APR(%) MONTHLY PAYMENT
5 Year Adjustable Jumbo
6.49% $1,579.02
5 Year Adjustable Conforming
6.86% $1,640.32
7 Year Adjustable Jumbo
6.26% $1,541.41
7 Year Adjustable Conforming
6.73% $1,618.17
10 Year Adjustable Jumbo
5.75% $1,458.46
10 Year Adjustable Conforming
6.57% $1,591.53
15 Year Fixed Jumbo
5.43% $2,033.83
15 Year Fixed Conforming
5.66% $2,064.26
20 Year Fixed Conforming
5.96% $1,784.88
MORTGAGE REFINANCE APR(%) MONTHLY PAYMENT
5 Year Adjustable Jumbo
6.49% $1,579.02
5 Year Adjustable Conforming
6.86% $1,640.32
7 Year Adjustable Jumbo
6.26% $1,541.41
7 Year Adjustable Conforming
6.73% $1,618.17
10 Year Adjustable Jumbo
5.75% $1,458.46
10 Year Adjustable Conforming
6.57% $1,591.53
15 Year Fixed Jumbo
5.43% $2,033.83
15 Year Fixed Conforming
5.66% $2,064.26
20 Year Fixed Conforming
7.38% $1,995.37
30 Year Fixed Conforming
6.14% $1,521.45

Overview 2023

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57450
Date Established 2003
Assets $ 407.90 billion
Loans $ 41.49 billion
Deposits $ 389.49 billion
Capital $ 17.57 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 43.85 billion
Interest-bearing balances $ 43.82 billion
Total securities $ 315.75 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 41.49 billion
Loan loss allowance $ 37.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.00 million
Goodwill and other intangibles $ 17.00 million
All other assets $ 6.80 billion
     Total Assets $ 390.33 billion

LIABILITIES
Total deposits $ 389.49 billion
      Interest-bearing deposits $ 389.30 billion
      Deposits held in domestic offices $ 389.49 billion
      % insured (estimated) 71.72%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 841.00 millionn
      Total Liabilities $ 390.33 billion
      Shareholders’ Equity $ 17.57 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 2.96 billion
Total Interest Expense $ 39.00 million
Net interest income $ 2.92 billion
Provision for loan and lease losses $ 19.00 million
Total non interest income N.A.
Total non interest expense $ 852.00 million
Pre-tax Net Operating Income $ 2.05 billion

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Branches

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Charles Schwab Bank, SSB Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE SAVINGS
    Bank
    -
    $50,000
    N.A.
    0.05%
    0.38x (National Avg. - 0.13%)
    $0
    -
    SCENARIO
    Year Rate
    0.05%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 25 18
    2 50,025 25 18
    3 50,050 25 18
    4 50,075 25 18
    5 50,100 25 18
    6 50,125 25 18
    7 50,150 25 18
    8 50,175 25 18
    9 50,200 25 18
    10 50,225 25 18
    11 50,251 25 18
    12 50,276 25 18
    13 50,301 25 18
    14 50,326 25 18
    15 50,351 25 18
    16 50,376 25 18
    17 50,402 25 18
    18 50,427 25 18
    19 50,452 25 18
    20 50,477 25 18
    TOTAL $502 $352
  • 2
    LOCAL SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    3.30%
    25.38x (National Avg. - 0.13%)
    $0
    -
    SCENARIO
    Year Rate
    3.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,650 1,155
    2 51,650 1,704 1,193
    3 53,354 1,761 1,232
    4 55,115 1,819 1,273
    5 56,934 1,879 1,315
    6 58,813 1,941 1,359
    7 60,754 2,005 1,403
    8 62,758 2,071 1,450
    9 64,829 2,139 1,498
    10 66,969 2,210 1,547
    11 69,179 2,283 1,598
    12 71,462 2,358 1,651
    13 73,820 2,436 1,705
    14 76,256 2,516 1,762
    15 78,772 2,599 1,820
    16 81,372 2,685 1,880
    17 84,057 2,774 1,942
    18 86,831 2,865 2,006
    19 89,697 2,960 2,072
    20 92,657 3,058 2,140
    TOTAL $45,714 $32,000