Charles Schwab Bank, SSB


3000 Schwab Way
Westlake, TX 76262
See all branch locations →

ACH 121202211

Phone 888 403 9000

Notable Rates APY Vs.Others
Savings 0.48% 5.55% →
1-Year CD 5.40% 5.41% →
2-Year CD 5.25% 5.25% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage 7.17% 4.39% →
HELOC 5.74% 0.99% →

2024 Overview

General Bank Information

Charles Schwab Bank, SSB is an FDIC insured institution located in Westlake, TX. It was founded in 2003 and has approximately $304.55 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 57450
Date Established 2003
Assets $ 304.55 billion
Loans $ 40.07 billion
Deposits $ 257.58 billion
Capital $ 16.08 billion

For a more detailed analysis of Charles Schwab Bank, SSB's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - May 21, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Schwab Bank Investor Savings™ account
0.48% $0 $250,000 Learn More
3 Month CD
5.46% $1,000 $250,000 Learn More
6 Month CD
5.37% $1,000 $250,000 Learn More
9 Month CD
5.33% $1,000 $250,000 Learn More
12 Month CD
5.40% $1,000 $250,000 Learn More
18 Month CD
5.15% $1,000 $250,000 Learn More
24 Month CD
5.25% $1,000 $250,000 Learn More

Int Checking Rates APY MIN MAX
Schwab Bank Investor Checking™ account
0.45% $0 $250,000 Learn MoreShow Less
Checking Rates APY MIN FEE
High Yield Investor Checking 0.45% $0 $0.00 Learn MoreShow Less

Loan Rates - May 21, 2024

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


Charles Schwab Bank, SSB branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Climate Policy and Initiatives

Charles Schwab Bank, SSB is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Climate Score: B

Schwab is mainly a consumer oriented bank and does not routinely lend to the carbon energy industry or to renewable projects.

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Financial Details

Charles Schwab Bank, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Charles Schwab Bank, SSB. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Charles Schwab Bank, SSB U.S. Bank Average
0.1% 3.96%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2024, Charles Schwab Bank, SSB had $16,000,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $16,079,000,000 in equity and $38,000,000 in loans loss reserves. That gives it a Texas Ratio of 0.1%.

Return on Equity
Charles Schwab Bank, SSB U.S. Bank Average
7.46% 12.20%

Charles Schwab Bank, SSB has a Return on Equity of 7.46% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Charles Schwab Bank, SSB U.S. Bank Average
5.28% 10.76%

Charles Schwab Bank, SSB has a Capitalization of 5.28% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Charles Schwab Bank, SSB Balance Sheet Analysis

As of December 31, 2023, Charles Schwab Bank, SSB had assets of $304,549,000,000, loans of $40,072,000,000, and deposits of $257,579,000,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2024
Cash & Balances due from depository institutions $ 23.95 billion
Interest-bearing balances $ 23.89 billion
Total securities $ 231.86 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 40.07 billion
Loan loss allowance $ 38.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 17.00 million
All other assets $ 6.80 billion
     Total Assets $ 288.47 billion
Total deposits $ 257.58 billion
      Interest-bearing deposits $ 257.35 billion
      Deposits held in domestic offices $ 257.58 billion
      % insured (estimated) 86.93%
Federal funds purchased and repurchase agreements $ 4.51 billion
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 841.00 million
      Total Liabilities $ 288.47 billion
      Shareholders’ Equity $ 16.08 billion

Summary Income Statement

December 31, 2024
Total Interest Income $ 7.67 billion
Total Interest Expense $ 5.07 billion
Net interest income $ 2.61 billion
Provision for loan and lease losses N.A.
Total non interest income $ 19.00 million
Total non interest expense $ 1,408.00 million
Pre-tax Net Operating Income $ 2.05 billion

Bank Loan Profile?

The top three loan types in Charles Schwab Bank, SSB’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Multifamily Mortgages.

Compared to other banks in Texas, Charles Schwab Bank, SSB has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 61.26
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 6.04
Farm Loans 0.00

Customer Reviews for Charles Schwab Bank, SSB

  • February 12, 2020


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