Charles Schwab

Type Fixed
Rate 0.03%
Currency USD

Website: http://www.schwab.com

Authority: Charles Schwab Bank is a US based bank that is part of the Charles Schwab Corporation, a company providing brokerage, financial services and banking since 1971. According to the FDIC its bank charter class is a Savings Association and is regulated by the OCC (Office of the Comptroller of the Currency). It is also has 12 branch locations in 2 states (California and Nevada including 5 locations in San Francisco). In addition it also has 270 brokerage branches nationwide.  Their products include FDIC-insured checking, savings accounts and CD accounts. 

How to open a Charles Schwab Bank  Certificate of Deposit:

- Existing Schwab Bank customers will need to login through their website at schwabbank.com

- If you are a new customer, to apply for for this account, contact them by telephone on 888-303-0310 for assistance from a customer service representative to set this up.

What information you may require when applying online to open a US Charles Schwab Bank CD Interest bearing account:

For new customers Charles Schwab Bank, If you do not have an account with the bank, you may be required to provide some identification and information which includes your first, middle and last name, U.S. permanent resident address, SSN - Social Security number/Tax ID as well as driver's license number.

Information to consider about Charles Schwab 1 Year CD Rates:

Like other banks, Charles Schwab Bank is exposed to interest rate risk primarily from changes in interest rates. The loans it provided are significantly funded by interest bearing deposits from client deposits. These costs of these funding sources may vary and that it can adjust its rates on deposits to enhance its competitive position with higher deposit rates that attract client cash balances. In addition due to liquidity, basel III, regulations as well as monetary policy of the federal reserve may also influence the rate. A 1 year rate is a medium term period and rates may change depending on the economic outlook as well as internal forecasting and modelling within the bank.

The rate indicated is for a 12 month/1 year term with the tier balance required to be above $20,000.

The rate of 0.03% is 1.12% lower than the average 1.15%. Also it is 2.47 % lower than the highest rate 2.50 Updated Jul, 2018

on Charles Schwab's secure website

Website: http://www.schwab.com

Authority: Charles Schwab Bank is a US based bank that is part of the Charles Schwab Corporation, a company providing brokerage, financial services and banking since 1971. According to the FDIC its bank charter class is a Savings Association and is regulated by the OCC (Office of the Comptroller of the Currency). It is also has 12 branch locations in 2 states (California and Nevada including 5 locations in San Francisco). In addition it also has 270 brokerage branches nationwide.  Their products include FDIC-insured checking, savings accounts and CD accounts. 

How to open a Charles Schwab Bank  Certificate of Deposit:

- Existing Schwab Bank customers will need to login through their website at schwabbank.com

- If you are a new customer, to apply for for this account, contact them by telephone on 888-303-0310 for assistance from a customer service representative to set this up.

What information you may require when applying online to open a US Charles Schwab Bank CD Interest bearing account:

For new customers Charles Schwab Bank, If you do not have an account with the bank, you may be required to provide some identification and information which includes your first, middle and last name, U.S. permanent resident address, SSN - Social Security number/Tax ID as well as driver's license number.

Information to consider about Charles Schwab 1 Year CD Rates:

Like other banks, Charles Schwab Bank is exposed to interest rate risk primarily from changes in interest rates. The loans it provided are significantly funded by interest bearing deposits from client deposits. These costs of these funding sources may vary and that it can adjust its rates on deposits to enhance its competitive position with higher deposit rates that attract client cash balances. In addition due to liquidity, basel III, regulations as well as monetary policy of the federal reserve may also influence the rate. A 1 year rate is a medium term period and rates may change depending on the economic outlook as well as internal forecasting and modelling within the bank.

The rate indicated is for a 12 month/1 year term with the tier balance required to be above $20,000.

The rate of 0.03% is 1.12% lower than the average 1.15%. Also it is 2.47 % lower than the highest rate 2.50 Updated Jul, 2018

on Charles Schwab's secure website

Type Fixed
Rate 0.03%
Currency USD

Compare Charles Schwab Deposit rates

Account Name Rate
Charles Schwab 3 Month CD Rates 0.03%
Charles Schwab 6 Month CD Rates 0.03%
Charles Schwab 5 Year CD Rates 0.03%

Compare 1 year rates in United States

Account Name Rate
CIT Bank 1 Year CD Rates 2.50%
Ally Bank 1 Year CD Rates 2.50%
Barclays US 1 Year CD Rates 2.45%

Charles Schwab Discussion

  • Q: What is the 1 year rate for a CD with Schwab?

    Reply george dacunha from Palo Alto, United States
  • Q: What is your best CD interest rate for 18mths

    Reply Stan from Alma, United States
  • Q: Can you please tell me what are your cd interest rates for 12 months cd? When I check on line I get different numbers

    Reply Henrik from Tel Aviv, Israel
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