Tuesday, March 23, 2010 - 7:43 PM

Schwab Bank High Yield Investor Savings Account Yield Falls to 0.50%

The Schwab Bank savings account yield fell from 0.75% to 0.50% APY. This is now the same rate as the checking account. This reminds me of ETrade. Refer to my Schwab savings account review for more details.

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905

Edit | History

This post applies to all states.

Quick
Summary

1. Tuesday, March 23, 2010 - 8:20 PM

High Yield huh? And they can even say it with a straight face. Amazing!

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819

2. Wednesday, March 24, 2010 - 11:58 AM

Actually it's still 0.75% if your balance is over $500,000! haha That's the biggest rate tier I've ever seen.

Quovatis11 posts since
Feb 4, 2010
Rep Points: 60

3. Wednesday, March 24, 2010 - 7:48 PM

But it gets better! They don't notify you when a rate change occurs. They except you to check your statement or visit their website every day to know what the current rate is. At least HSBC notifies you when a change occurs.

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819