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 |
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 |
Customer Reviews for Charles Schwab Bank, SSB
Branches
Click on location and enter new zip number to change.
Your current location is: Ashburn, VA
View Branches Statewide →
View Branches Nationwide →
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.
- 1ONLINE CDBank-$50,0003 Month5.51%2.29x (National Avg. - 2.40%)$1,000-SCENARIO
Year Rate
5.51%Annual
InterestAnnual 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 - 2ONLINE CDOnline Bank-$50,00060 Month4.00%4.54x (National Avg. - 0.88%)$2,500-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 - 3ONLINE CDOnline Bank-$50,00024 Month4.40%7.11x (National Avg. - 0.62%)$2,500-SCENARIO
Year Rate
4.40%Annual
InterestAnnual 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 - 4ONLINE CDOnline Bank-$50,00012 Month5.20%10.26x (National Avg. - 0.51%)$2,500-SCENARIO
Year Rate
5.20%Annual
InterestAnnual 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 - 5ONLINE CDOnline Bank-$50,0009 Month5.30%N.A.$2,500-SCENARIO
Year Rate
5.30%Annual
InterestAnnual 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 - 6LOCAL CDBank-$50,00012 Month5.75%11.34x (National Avg. - 0.51%)$1,000-SCENARIO
Year Rate
5.75%Annual
InterestAnnual 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
There are currently no comments for Charles Schwab Bank, SSB. Be the first to share your experience. Please provide comments that will help others.