The new account details are available right on the front page of CharlesSchwab.com
NOW EARN 4.25% APY
Everyone with a Schwab Bank Investor Checking™ account automatically earns 4.25% APY, regardless of your balance— 8 times higher than the national average.
WITH NO CATCHES
* No account minimums
* Free checks
* No monthly service charges
* Free bill pay
* No ATM fees
* FDIC insured
The account pays 0.25% more than an ING Direct’s Electric Orange checking at 4%.
Just a math tip:
0.25/4=0.0625
So, Schwab’s online checking yields about 6.3% more interest, not 0.25%
I think you misinterpreted what I meant.
4% + 0.25% = 4.25%
CS’s 4.25% rate yields 0.25% more than ING EO’s 4.00%