Do I need to open a Schwab One brokerage account with my Schwab Bank High Yield Investor Checking account?
Yes. The Schwab Bank High Yield Investor Checking account is only available when linked to a Schwab One brokerage account. When you open a High Yield Investor Checking account, you must open a Schwab One brokerage account. The two accounts will be connected, so you can easily transfer funds between them to meet both your investing and checking needs. While you’re under no obligation to use the Schwab One account, we think you’ll find it to be very convenient. And, you’ll enjoy all of the benefits of investing with Schwab brokerage at no additional cost.
