Charles Schwab Checking Account Drops Rate To 3.21%
Posted January 30, 2008 by Chuck
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Personal Finance
Personal Finance
Well, after signing up it seems the recent rate decreases have finally hit the Charles Schwab Investor Checking account. This week they dropped their interest rate from 4.0% to 3.21% like just about every other bank out there.
I still think its a pretty good deal for a checking account. ING Direct is only over this rate if you have a $50k+ balance, otherwise it is 2.50%. Presidental pays 3.50% on balances up to $25k, but requires a $1000 minimum to avoid fees.
No ATM fees anywhere, free checks, and no minimums also add quite a bit of value.
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