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 $305 billion in assets. Customers can open an account at one of its 12 branches.

Deposit Rates - May 27, 2024

SAVINGS RATES APY MIN
CD RATES APY MIN
3 Mo CD
5.46% $1,000 Compare
6 Mo CD
5.37% $1,000 Compare
9 Mo CD
5.33% $1,000 Compare
12 Mo CD
5.40% $1,000 Compare
18 Mo CD
5.15% $1,000 Compare
24 Mo CD
5.25% $1,000 Compare
INT CHECKING RATES APY MIN
INTCK
0.45% $0

Loan Rates - May 27, 2024

MORTGAGE PURCHASE APR(%) MONTHLY PAYMENT
5 Year Adjustable Conforming
7.86% $2,185.79
5 Year Adjustable Jumbo
7.89% $2,136.28
7 Year Adjustable Jumbo
7.61% $2,077.22
7 Year Adjustable Conforming
7.69% $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
6.84% $2,317.20
MORTGAGE REFINANCE APR(%) MONTHLY PAYMENT
5 Year Adjustable Conforming
7.86% $2,185.79
5 Year Adjustable Jumbo
7.89% $2,136.28
7 Year Adjustable Jumbo
7.61% $2,077.22
7 Year Adjustable Conforming
7.69% $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
7.05% $1,969.25

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57450
Date Established 2003
Assets $ 304.55 billion
Loans $ 40.07 billion
Deposits $ 257.58 billion
Capital $ 16.08 billion

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 23.95 billion
Interest-bearing balances $ 23.89 billion
Total securities $ 231.86 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 40.07 billion
Loan loss allowance $ 38.00 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 $ 288.47 billion

LIABILITIES
Total deposits $ 257.58 billion
      Interest-bearing deposits $ 257.35 billion
      Deposits held in domestic offices $ 257.58 billion
      % insured (estimated) 86.93%
Federal funds purchased and repurchase agreements $ 4.51 billion
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 841.00 millionn
      Total Liabilities $ 288.47 billion
      Shareholders’ Equity $ 16.08 billion

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 7.67 billion
Total Interest Expense $ 5.07 billion
Net interest income $ 2.61 billion
Provision for loan and lease losses N.A.
Total non interest income $ 19.00 million
Total non interest expense $ 1,408.00 million
Pre-tax Net Operating Income $ 2.05 billion

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Branches

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Your current location is: Ashburn, VA

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.
    0.48%
    2.21x (National Avg. - 0.22%)
    $0
    -
    SCENARIO
    Year Rate
    0.48%
    Annual
    Interest
    Annual 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
  • 2
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    4.50%
    20.74x (National Avg. - 0.22%)
    $1
    -
    SCENARIO
    Year Rate
    4.50%
    Annual
    Interest
    Annual 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