Charles Schwab Bank, SSB

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Charles Schwab Bank, SSB Locations

Charles Schwab Bank, SSB ACH Number: 121202211

Deposit Rates - September 24, 2022

SAVINGS RATES APY MIN

Loan Rates - September 24, 2022

MORTGAGE PURCHASE APR(%) MONTHLY PAYMENT
5 Year Adjustable Jumbo
7.38% $1,601.60
5 Year Adjustable Conforming
7.41% $1,601.60
7 Year Adjustable Conforming
7.28% $1,601.60
7 Year Adjustable Jumbo
7.31% $1,621.50
10 Year Adjustable Jumbo
7.24% $1,643.16
10 Year Adjustable Conforming
7.27% $1,643.16
15 Year Fixed Jumbo
6.80% $2,212.27
15 Year Fixed Conforming
7.91% $2,353.19
20 Year Fixed Conforming
7.86% $2,052.37
MORTGAGE REFINANCE APR(%) MONTHLY PAYMENT
5 Year Adjustable Jumbo
7.38% $1,601.60
5 Year Adjustable Conforming
7.41% $1,601.60
7 Year Adjustable Conforming
7.28% $1,601.60
7 Year Adjustable Jumbo
7.31% $1,621.50
10 Year Adjustable Jumbo
7.24% $1,643.16
10 Year Adjustable Conforming
7.27% $1,643.16
15 Year Fixed Jumbo
6.80% $2,212.27
15 Year Fixed Conforming
7.91% $2,353.19
20 Year Fixed Conforming
7.86% $2,052.37
30 Year Fixed Conforming
8.35% $1,878.17

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57450
Date Established 2003
Assets $ 434.63 billion
Loans $ 39.25 billion
Deposits $ 412.65 billion
Capital $ 21.04 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 60.52 billion
Interest-bearing balances $ 60.48 billion
Total securities $ 329.54 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 39.25 billion
Loan loss allowance $ 28.00 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 $ 5.30 billion
     Total Assets $ 413.59 billion

LIABILITIES
Total deposits $ 412.65 billion
      Interest-bearing deposits $ 412.43 billion
      Deposits held in domestic offices $ 412.65 billion
      % insured (estimated) 67.86%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 941.00 millionn
      Total Liabilities $ 413.59 billion
      Shareholders’ Equity $ 21.04 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 1,382.00 million
Total Interest Expense $ 14.00 million
Net interest income $ 1,368.00 million
Provision for loan and lease losses $ 10.00 million
Total non interest income N.A.
Total non interest expense $ 417.00 million
Pre-tax Net Operating Income $ 934.00 million

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 $435 billion in assets. Customers can open an account at one of its 12 branches.

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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.

  • 1
    ONLINE SAVINGS
    Bank
    -
    $50,000
    N.A.
    0.05%
    0.42x (National Avg. - 0.12%)
    $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
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    2.35%
    19.58x (National Avg. - 0.12%)
    $5,000
    -
    SCENARIO
    Year Rate
    2.35%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,175 823
    2 51,175 1,203 842
    3 52,378 1,231 862
    4 53,608 1,260 882
    5 54,868 1,289 903
    6 56,158 1,320 924
    7 57,477 1,351 946
    8 58,828 1,382 968
    9 60,211 1,415 990
    10 61,626 1,448 1,014
    11 63,074 1,482 1,038
    12 64,556 1,517 1,062
    13 66,073 1,553 1,087
    14 67,626 1,589 1,112
    15 69,215 1,627 1,139
    16 70,841 1,665 1,165
    17 72,506 1,704 1,193
    18 74,210 1,744 1,221
    19 75,954 1,785 1,249
    20 77,739 1,827 1,279
    TOTAL $29,566 $20,696