Schwab Offering 4.25% Checking Account

by andy h on April 30, 2007

Charles Schwab is now offering their Schwab Bank Investor checking account which pays 4.25% interest. There is no account minimum and no account fees. They refund your ATM fees. This looks to be another good option for a checking account. Visit their website to find out more about this checking account.

I have an ING Electric Orange account so I’m not going to bother with this one. Schwab’s account pays 4.25% which seems to be targeting ING’s 4.0% interest. Perhaps ING will respond by raising rates but since they haven’t gotten into rate wars with their savings account I doubt they will do so with the checking account.

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