Open an Investor Savings account to make managing finances simpler.
Simply download and complete an application and mail it back to us, or call 800-540-6718 anytime for assistance.
Upload online with secure messaging (if you are an existing client and have online access to your account).
1. Go to Schwab.com and log in to your account.
2. Click the Message Center link (under Service), and then click the Upload Document link.
3. Upload your form as an attachment by clicking the Add File button.
4. When your message is complete, click Send.
Fax to 888-526-7252
Bring to your nearest Schwab branch (visit Schwab.com/branch for locations).
Mail to any of the following addresses:
Regular Mail (West)
Charles Schwab & Co., Inc.
P.O. Box 982600
El Paso, TX 79998-2600
Regular Mail (East)
Charles Schwab & Co., Inc.
P.O. Box 2339
Omaha, NE 68103
Can I access my money with an ATM card?
Yes. Funds in your Investor Savings account can be accessed with the Schwab Bank Visa ® Platinum Debit Card (also known as a "check card"). You'll have no ATM fees, since we reimburse any ATM fees you are charged. 2 And you can use your Visa debit card at any Plus ® or Visa ATM worldwide.
How do I make my initial deposit to my Investor Savings account?
See rates for cash products at Schwab and compare the features and benefits of each.
1. The Annual Percentage Yield (APY) on the Schwab Bank Investor Savings™ account, with a minimum balance of $0.01, offers a 0.48% annual percentage yield (APY) as of 12/27/2022. This rate is variable and may change without notice.
2. Unlimited ATM fee rebates apply to cash withdrawals using the Schwab Bank Visa ® Platinum Debit Card (also referred to as a check card or Visa check card) wherever it is accepted. ATM fee rebates do not apply to any fees other than fees assessed for using an ATM to withdraw cash from your Schwab Bank account. Schwab Bank makes its best effort to identify those ATM fees eligible for rebate, based on information it receives from Visa and ATM operators. In the event that you have not received a rebate for a fee that you believe is eligible, please call a Schwab Bank Client Service Specialist for assistance at 888-403-9000 (or for clients of independent investment advisors, a Schwab Alliance Service team member at 800-515-2157). Schwab Bank reserves the right to modify or discontinue the ATM fee rebate at any time.
3. The Schwab Mobile application and Schwab Mobile Deposit service is available for Schwab Bank Investor Savings ™ clients who also have a Schwab brokerage account. Requires a wireless signal or mobile connection. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons. Functionality may vary by operating system and/or device. Mobile carrier data charges may apply. Enrollment in Schwab Mobile Deposit service is not guaranteed and standard hold policies apply.
4. Funds deposited at Charles Schwab Bank are insured, in aggregate, up to $250,000 based on account ownership type, by the Federal Deposit Insurance Corporation (FDIC).
Charles Schwab & Co., Inc. and Charles Schwab Bank, SSB are separate but affiliated companies and wholly owned subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., member SIPC. Deposit and lending products and services are offered by Schwab Bank, member FDIC and an Equal Housing Lender.
