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 | |
---|---|---|---|
SAV
|
0.05% | $0 | Compare |
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 |
HOME EQUITY RATES | APR(%) | MONTHLY PAYMENT | ||
---|---|---|---|---|
Line of Credit
|
5.74% | Varies | ||
Compare with RATE Line of Credit from Figure Home Equity Line
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Compare with 8 RATE Line of Credit from Bethpage Federal Credit Union
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Compare with RATE Line of Credit from AimLoan.com NMLS#2890
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Compare with 6.74 RATE Line of Credit from Third Federal Savings and Loan
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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 |
Customer Reviews for Charles Schwab Bank, SSB
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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.
- 1ONLINE SAVINGSBank-$50,000N.A.0.05%0.38x (National Avg. - 0.13%)$0-SCENARIO
Year Rate
0.05%Annual
InterestAnnual 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 - 2LOCAL SAVINGSOnline Bank-$50,000N.A.3.30%25.38x (National Avg. - 0.13%)$0-SCENARIO
Year Rate
3.30%Annual
InterestAnnual 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
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