Banks | Charles Schwab Bank, SSB

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 $329 billion in assets. Customers can open an account at one of its 12 branches.

Deposit Rates - December 6, 2023

SAVINGS RATES APY MIN
SAV
0.48% $0 Compare
CD RATES APY MIN
3 Mo CD
5.51% $1,000 Compare
6 Mo CD
5.47% $1,000 Compare
9 Mo CD
5.54% $1,000 Compare
18 Mo CD
5.55% $1,000 Compare
INT CHECKING RATES APY MIN
INTCK
0.45% $0

Loan Rates - December 6, 2023

MORTGAGE PURCHASE APR(%) MONTHLY PAYMENT
5 Year Adjustable Jumbo
7.84% $2,136.28
5 Year Adjustable Conforming
7.92% $2,185.79
7 Year Adjustable Jumbo
7.55% $2,077.22
7 Year Adjustable Conforming
7.64% $2,138.00
10 Year Adjustable Jumbo
7.40% $2,015.26
10 Year Adjustable Conforming
7.68% $2,107.31
15 Year Fixed Jumbo
7.07% $2,755.10
15 Year Fixed Conforming
7.17% $2,689.46
20 Year Fixed Conforming
6.87% $2,317.20
MORTGAGE REFINANCE APR(%) MONTHLY PAYMENT
5 Year Adjustable Jumbo
7.84% $2,136.28
5 Year Adjustable Conforming
7.92% $2,185.79
7 Year Adjustable Jumbo
7.55% $2,077.22
7 Year Adjustable Conforming
7.64% $2,138.00
10 Year Adjustable Jumbo
7.40% $2,015.26
10 Year Adjustable Conforming
7.68% $2,107.31
15 Year Fixed Jumbo
7.07% $2,755.10
15 Year Fixed Conforming
7.17% $2,689.46
20 Year Fixed Conforming
7.38% $2,554.08
30 Year Fixed Conforming
7.35% $1,969.25
See Other Mortgage Rates →
HOME EQUITY RATES APR(%) MONTHLY PAYMENT
Line of Credit
5.74% Varies
Compare with RATE Line of Credit from CrossCountry Mortgage, LLC CrossCountry Mortgage, LLC
Compare with RATE Line of Credit from AmeriSave Mortgage Corporation AmeriSave Mortgage Corporation
Compare with RATE Line of Credit from New American Funding, LLC New American Funding, LLC
Compare with RATE Line of Credit from Figure Home Equity Line Figure Home Equity Line
Compare with RATE Line of Credit from Renovation Finance LLC DBA Renofi Renovation Finance LLC DBA Renofi
See Other Home Equity Rates →

Overview 2023

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57450
Date Established 2003
Assets $ 329.35 billion
Loans $ 39.84 billion
Deposits $ 271.77 billion
Capital $ 13.55 billion

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 26.59 billion
Interest-bearing balances $ 26.56 billion
Total securities $ 252.96 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 39.84 billion
Loan loss allowance $ 75.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 17.00 million
All other assets $ 6.80 billion
     Total Assets $ 315.80 billion

LIABILITIES
Total deposits $ 271.77 billion
      Interest-bearing deposits $ 271.54 billion
      Deposits held in domestic offices $ 271.77 billion
      % insured (estimated) 86.94%
Federal funds purchased and repurchase agreements $ 7.02 billion
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 841.00 millionn
      Total Liabilities $ 315.80 billion
      Shareholders’ Equity $ 13.55 billion

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 3.98 billion
Total Interest Expense $ 2.33 billion
Net interest income $ 1,641.00 million
Provision for loan and lease losses $ 2.00 million
Total non interest income $ 11.00 million
Total non interest expense $ 739.00 million
Pre-tax Net Operating Income $ 2.05 billion

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Branches

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Your current location is: Ashburn, VA
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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 CD
    Charles Schwab Bank, SSB
    Bank
    -
    $50,000
    3 Month
    5.51%
    2.29x (National Avg. - 2.40%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.51%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,755 1,929
    2 52,755 2,907 2,035
    3 55,662 3,067 2,147
    4 58,729 3,236 2,265
    5 61,965 3,414 2,390
    6 65,379 3,602 2,522
    7 68,981 3,801 2,661
    8 72,782 4,010 2,807
    9 76,793 4,231 2,962
    10 81,024 4,464 3,125
    11 85,488 4,710 3,297
    12 90,199 4,970 3,479
    13 95,169 5,244 3,671
    14 100,412 5,533 3,873
    15 105,945 5,838 4,086
    16 111,783 6,159 4,311
    17 117,942 6,499 4,549
    18 124,440 6,857 4,800
    19 131,297 7,234 5,064
    20 138,532 7,633 5,343
    TOTAL $96,165 $67,315
  • 2
    ONLINE CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    60 Month
    4.00%
    4.54x (National Avg. - 0.88%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689
  • 3
    ONLINE CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    24 Month
    4.40%
    7.11x (National Avg. - 0.62%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.40%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,200 1,540
    2 52,200 2,297 1,608
    3 54,497 2,398 1,679
    4 56,895 2,503 1,752
    5 59,398 2,614 1,829
    6 62,012 2,729 1,910
    7 64,740 2,849 1,994
    8 67,589 2,974 2,082
    9 70,563 3,105 2,173
    10 73,667 3,241 2,269
    11 76,909 3,384 2,369
    12 80,293 3,533 2,473
    13 83,825 3,688 2,582
    14 87,514 3,851 2,695
    15 91,364 4,020 2,814
    16 95,384 4,197 2,938
    17 99,581 4,382 3,067
    18 103,963 4,574 3,202
    19 108,537 4,776 3,343
    20 113,313 4,986 3,490
    TOTAL $68,299 $47,809
  • 4
    ONLINE CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    5.20%
    10.26x (National Avg. - 0.51%)
    $2,500
    -
    SCENARIO
    Year Rate
    5.20%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,600 1,820
    2 52,600 2,735 1,915
    3 55,335 2,877 2,014
    4 58,213 3,027 2,119
    5 61,240 3,184 2,229
    6 64,424 3,350 2,345
    7 67,774 3,524 2,467
    8 71,298 3,708 2,595
    9 75,006 3,900 2,730
    10 78,906 4,103 2,872
    11 83,009 4,316 3,022
    12 87,326 4,541 3,179
    13 91,867 4,777 3,344
    14 96,644 5,025 3,518
    15 101,669 5,287 3,701
    16 106,956 5,562 3,893
    17 112,518 5,851 4,096
    18 118,369 6,155 4,309
    19 124,524 6,475 4,533
    20 130,999 6,812 4,768
    TOTAL $87,811 $61,468
  • 5
    ONLINE CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    9 Month
    5.30%
    N.A.
    $2,500
    -
    SCENARIO
    Year Rate
    5.30%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,650 1,855
    2 52,650 2,790 1,953
    3 55,440 2,938 2,057
    4 58,379 3,094 2,166
    5 61,473 3,258 2,281
    6 64,731 3,431 2,402
    7 68,162 3,613 2,529
    8 71,774 3,804 2,663
    9 75,578 4,006 2,804
    10 79,584 4,218 2,953
    11 83,802 4,441 3,109
    12 88,243 4,677 3,274
    13 92,920 4,925 3,447
    14 97,845 5,186 3,630
    15 103,031 5,461 3,822
    16 108,491 5,750 4,025
    17 114,242 6,055 4,238
    18 120,296 6,376 4,463
    19 126,672 6,714 4,700
    20 133,386 7,069 4,949
    TOTAL $90,455 $63,319
  • 6
    LOCAL CD
    Forbright Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    12 Month
    5.75%
    11.34x (National Avg. - 0.51%)
    $1,000
    -
    SCENARIO
    Year Rate
    5.75%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,875 2,013
    2 52,875 3,040 2,128
    3 55,915 3,215 2,251
    4 59,130 3,400 2,380
    5 62,530 3,596 2,517
    6 66,126 3,802 2,662
    7 69,928 4,021 2,815
    8 73,949 4,252 2,976
    9 78,201 4,497 3,148
    10 82,698 4,755 3,329
    11 87,453 5,029 3,520
    12 92,481 5,318 3,722
    13 97,799 5,623 3,936
    14 103,422 5,947 4,163
    15 109,369 6,289 4,402
    16 115,658 6,650 4,655
    17 122,308 7,033 4,923
    18 129,341 7,437 5,206
    19 136,778 7,865 5,505
    20 144,643 8,317 5,822
    TOTAL $102,960 $72,072


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