Citibank vs Charles Schwab Bank
Charles Schwab Bank
Total Assets
$1.7 billion
Citibank
$304.0 million
Charles Schwab Bank
Digital Banking
4.4/5
Citibank
4.5/5
Charles Schwab Bank
Customer Service
4.1/5
Citibank
4.4/5
Charles Schwab Bank
Best Savings Rate
0.05%
Citibank
4.20%
Charles Schwab Bank
Detailed Comparison
Checking Account Comparison
Citibank Checking Accounts
| Account | Monthly Fee | Min Balance | Overdraft Fee |
|---|---|---|---|
| Access Checking | $10 | $1,500 | $35 |
Charles Schwab Bank Checking Accounts
| Account | Monthly Fee | Min Balance | Overdraft Fee |
|---|---|---|---|
| High Yield Checking | $0 | $0 | $0 |
Savings Account Comparison
Citibank Savings Accounts
| Account | APY | Type | Monthly Fee |
|---|---|---|---|
| Citi Savings | 0.05% | Regular | $5 |
Charles Schwab Bank Savings Accounts
| Account | APY | Type | Monthly Fee |
|---|---|---|---|
| High Yield Investor Savings | 4.20% | High-Yield | $0 |
APY Comparison
Annual Percentage Yield (APY) shows the effective annual yield accounting for compound interest. Higher APY means more earnings on your deposits. Rates are accurate as of 8/2/2025 and may change based on market conditions.
Credit Card Comparison
Citibank Credit Cards
| Card | Annual Fee | APR Range | Rewards |
|---|---|---|---|
| Double Cash Cash Back | No annual fee | 15.99% - 25.99% | 2% cashback $200 cash back |
Charles Schwab Bank Credit Cards
| Card | Annual Fee | APR Range | Rewards |
|---|---|---|---|
| Investor Card Rewards | No annual fee | 13.99% - 23.99% | 1.5% cashback $200 cash back |
Mortgage Comparison
Citibank Mortgage Products
| Mortgage Type | Interest Rate | APR | Term |
|---|---|---|---|
| 15 Year Fixed | 6.00% | 6.15% | 15 years |
Charles Schwab Bank Mortgage Products
| Mortgage Type | Interest Rate | APR | Term |
|---|---|---|---|
| 5/1 ARM | 6.00% | 6.15% | 30 years |
Rate Information
Mortgage rates are subject to change based on market conditions and individual financial profiles. APR includes the interest rate plus other costs such as origination fees, discount points, and other closing costs. Contact each lender for personalized quotes based on your specific situation.
Strengths and Weaknesses
Citibank
Strengths
- Excellent digital banking experience
- Superior customer service
- Larger branch network
- More ATM locations
- More competitive fee structure
Weaknesses
- Lower savings account rates
Charles Schwab Bank
Strengths
- High customer satisfaction rating
- Excellent digital banking experience
- Superior customer service
- Higher savings account rates
Weaknesses
- Higher fees compared to competitors
- Smaller branch network
- Fewer ATM locations
Which Bank is Right for You?
Choosing between Citibank and Charles Schwab Bank depends on your specific banking needs and preferences. Here's a quick guide to help you decide:
Choose Citibank if you value:
- Lower fees and account costs
- Access to more physical branch locations
- Wider ATM network
Choose Charles Schwab Bank if you value:
- Higher overall customer satisfaction
- Better digital banking experience
- More responsive customer service
- Higher interest rates on savings
Customer Profile Considerations
Citibank might be better for:
- • Customers who prefer in-person banking
- • Fee-conscious customers
- • Tech-savvy customers
Charles Schwab Bank might be better for:
- • Savers looking for higher yields
- • Tech-savvy customers
Ready to Open an Account?
Compare specific account options from these banks
Rate Comparison Tools
Use our comparison calculators to see which bank offers better returns on your deposits or lower costs on loans.
Compare RatesRead User Reviews
See what actual customers are saying about their experiences with these banks.