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
0000 and has approximately $349 billion in
assets. Customers can open an account at one of its 12 branches.
Deposit Rates - June 7, 2023
SAVINGS RATES | APY | MIN | |
---|---|---|---|
SAV
|
0.48% | $1 | Compare |
INT CHECKING RATES | APY | MIN |
---|---|---|
INTCK
|
0.45% | $1 |
Loan Rates - June 7, 2023
MORTGAGE PURCHASE | APR(%) | MONTHLY PAYMENT |
---|---|---|
5 Year Adjustable Jumbo
|
7.42% | $1,668.97 |
5 Year Adjustable Conforming
|
7.66% | $1,707.65 |
7 Year Adjustable Jumbo
|
7.18% | $1,622.82 |
7 Year Adjustable Conforming
|
7.27% | $1,670.31 |
10 Year Adjustable Jumbo
|
6.95% | $1,574.42 |
10 Year Adjustable Conforming
|
7.23% | $1,646.33 |
15 Year Fixed Conforming
|
5.70% | $2,101.14 |
15 Year Fixed Jumbo
|
6.32% | $2,152.42 |
20 Year Fixed Conforming
|
5.96% | $1,810.31 |
MORTGAGE REFINANCE | APR(%) | MONTHLY PAYMENT |
---|---|---|
5 Year Adjustable Jumbo
|
7.42% | $1,668.97 |
5 Year Adjustable Conforming
|
7.66% | $1,707.65 |
7 Year Adjustable Jumbo
|
7.18% | $1,622.82 |
7 Year Adjustable Conforming
|
7.27% | $1,670.31 |
10 Year Adjustable Jumbo
|
6.95% | $1,574.42 |
10 Year Adjustable Conforming
|
7.23% | $1,646.33 |
15 Year Fixed Conforming
|
5.70% | $2,101.14 |
15 Year Fixed Jumbo
|
6.32% | $2,152.42 |
20 Year Fixed Conforming
|
7.38% | $1,995.37 |
30 Year Fixed Conforming
|
6.02% | $1,538.48 |
HOME EQUITY RATES | APR(%) | MONTHLY PAYMENT | ||
---|---|---|---|---|
Line of Credit
|
5.74% | Varies | ||
Compare with RATE Line of Credit from New American Funding, LLC
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Compare with RATE Line of Credit from AimLoan.com NMLS#2890
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Compare with RATE Line of Credit from PenFed Credit Union
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Compare with RATE Line of Credit from Figure Home Equity Line
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Overview 2023
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 57450 |
Date Established | 0000 |
Assets | $ 348.73 billion |
Loans | $ 40.83 billion |
Deposits | $ 325.99 billion |
Capital | $ 7.66 billion |
Summary Balance Sheet as of December 31, 2022
ASSETS | |
Cash & Balances due from depository institutions | $ 23.86 billion |
Interest-bearing balances | $ 23.80 billion |
Total securities | $ 274.91 billion |
Federal funds sold and reverse repurchase | N.A. |
Net loans and leases | $ 40.83 billion |
Loan loss allowance | $ 73.00 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | $ 1.00 million |
Goodwill and other intangibles | $ 17.00 million |
All other assets | $ 6.80 billion |
Total Assets | $ 341.07 billion |
LIABILITIES | |
Total deposits | $ 325.99 billion |
Interest-bearing deposits | $ 325.86 billion |
Deposits held in domestic offices | $ 325.99 billion |
% insured (estimated) | 79.39% |
Federal funds purchased and repurchase agreements | $ 4.00 billion |
Trading liabilities | N.A. |
Other borrowed funds | N.A. |
Subordinated debt | N.A. |
All other liabilities | $ 841.00 millionn |
Total Liabilities | $ 341.07 billion |
Shareholders’ Equity | $ 7.66 billion |
Summary Income Statement as of December 31, 2022
INCOME AND EXPENSES | |
Total Interest Income | $ 6.67 billion |
Total Interest Expense | $ 769.00 million |
Net interest income | $ 5.90 billion |
Provision for loan and lease losses | $ 59.00 million |
Total non interest income | $ 4.00 million |
Total non interest expense | $ 1,773.00 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.0.48%3.04x (National Avg. - 0.16%)$1-SCENARIO
Year Rate
0.48%Annual
InterestAnnual Interest
(After Tax)1 50,000 240 168 2 50,240 241 169 3 50,481 242 170 4 50,723 243 170 5 50,967 245 171 6 51,212 246 172 7 51,457 247 173 8 51,704 248 174 9 51,953 249 175 10 52,202 251 175 11 52,453 252 176 12 52,704 253 177 13 52,957 254 178 14 53,211 255 179 15 53,467 257 180 16 53,724 258 181 17 53,981 259 181 18 54,240 260 182 19 54,501 262 183 20 54,762 263 184 TOTAL $5,025 $3,518 - 2LOCAL SAVINGSOnline Bank-$50,000N.A.4.00%25.32x (National Avg. - 0.16%)$0-SCENARIO
Year Rate
4.00%Annual
InterestAnnual 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 - 3LOCAL SAVINGSBank-$50,000N.A.4.85%30.70x (National Avg. - 0.16%)$1,000-SCENARIO
Year Rate
4.85%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,425 1,698 2 52,425 2,543 1,780 3 54,968 2,666 1,866 4 57,634 2,795 1,957 5 60,429 2,931 2,052 6 63,360 3,073 2,151 7 66,433 3,222 2,255 8 69,654 3,378 2,365 9 73,033 3,542 2,479 10 76,575 3,714 2,600 11 80,289 3,894 2,726 12 84,183 4,083 2,858 13 88,266 4,281 2,997 14 92,546 4,489 3,142 15 97,035 4,706 3,294 16 101,741 4,934 3,454 17 106,676 5,174 3,622 18 111,849 5,425 3,797 19 117,274 5,688 3,981 20 122,962 5,964 4,175 TOTAL $78,925 $55,248 - 4ONLINE SAVINGSOnline Bank-$50,000N.A.4.50%28.48x (National Avg. - 0.16%)$1-SCENARIO
Year Rate
4.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,250 1,575 2 52,250 2,351 1,646 3 54,601 2,457 1,720 4 57,058 2,568 1,797 5 59,626 2,683 1,878 6 62,309 2,804 1,963 7 65,113 2,930 2,051 8 68,043 3,062 2,143 9 71,105 3,200 2,240 10 74,305 3,344 2,341 11 77,648 3,494 2,446 12 81,143 3,651 2,556 13 84,794 3,816 2,671 14 88,610 3,987 2,791 15 92,597 4,167 2,917 16 96,764 4,354 3,048 17 101,119 4,550 3,185 18 105,669 4,755 3,329 19 110,424 4,969 3,478 20 115,393 5,193 3,635 TOTAL $70,586 $49,410
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