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 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
See Other Mortgage Rates →
HOME EQUITY RATES APR(%) MONTHLY PAYMENT
Line of Credit
5.74% Varies
Compare with RATE Line of Credit from New American Funding, LLC New American Funding, LLC
Compare with RATE Line of Credit from AimLoan.com NMLS#2890 AimLoan.com NMLS#2890
Compare with RATE Line of Credit from PenFed Credit Union PenFed Credit Union
Compare with RATE Line of Credit from Figure Home Equity Line Figure Home Equity Line
See Other Home Equity Rates →

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

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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 SAVINGS
    Charles Schwab Bank, SSB
    Bank
    -
    $50,000
    N.A.
    0.48%
    3.04x (National Avg. - 0.16%)
    $1
    -
    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
    LOCAL SAVINGS
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    N.A.
    4.00%
    25.32x (National Avg. - 0.16%)
    $0
    -
    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
    LOCAL SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    N.A.
    4.85%
    30.70x (National Avg. - 0.16%)
    $1,000
    -
    SCENARIO
    Year Rate
    4.85%    		 Annual
    Interest    		 Annual 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
  • 4
    ONLINE SAVINGS
    Citizens , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    N.A.
    4.50%
    28.48x (National Avg. - 0.16%)
    $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


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