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

Tuesday, March 23, 2010 - 7:43 PMCharles Schwab Bank - Details
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.
1
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Tuesday, March 23, 2010 - 8:20 PM
High Yield huh? And they can even say it with a straight face. Amazing!
1
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,924
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.
2
QuovatisQuovatis11 posts since
Feb 4, 2010
Rep Points: 63
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.

 

 

 
1
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,924
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