What are the key differences between TIAA Bank and Charles Schwab Bank?

TIAA Bank vs Charles Schwab Bank:

Both TIAA Bank and Charles Schwab Bank are popular banking institutions that offer a range of financial products and services to their customers. While both banks have similarities, there are also several key differences between them.

One of the most significant differences is that TIAA Bank is an online bank, meaning that it doesn't have any physical branches. On the other hand, Charles Schwab Bank does have physical branches in addition to its online services.

Another difference is that TIAA Bank offers a wider range of banking products, including checking and savings accounts, loans, credit cards, and CDs, while Charles Schwab Bank focuses more on investment products such as brokerage accounts, mutual funds, and retirement accounts.

Finally, TIAA Bank has a higher APY on its savings accounts and CDs than Charles Schwab Bank.