Customers Bank: Savings Accounts & Rates

Savings rates updated: 11/12/2025

Mission statement: Banksparency aims to make Customers Bank's savings accounts transparent and comparable to those of other banks. .

Note: Interest rates below are reported as APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

Savings Overview

Yield Shield Savings Account: 3.73% APY(Rank 60 out of 85 tracked HYSAs)

Minimum Deposit: $25,000 | Online Only

National Savings Interest Rate: 0.4% (as of 10/20/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: West Reading, Pennsylvania

Founded: 2009

Access to Branches: Locations in Colorado, Illinois, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania Rhode Island and Texas

Deposit Insurance: FDIC Cert # 34444

BBB Rating: A+ (Not BBB Accredited)

App Store Rating: 4.1/5

Google Play Rating: 3.8/5

Website: Visit Customers Bank

Our Take on Customers Bank

Highlights

Current APY of 3.73%, down from 3.98% in past 30 days
No maintenance fees on Yield Shield Savings Account
A+ BBB rating indicates strong trustworthiness
Available in multiple states including New York and Texas

Considerations

Minimum deposit and balance requirement of $25,000
Not BBB Accredited despite high rating
Online-only account may limit access for some users
Google Play rating of 3.8 suggests mixed user experiences

Summary: Customers Bank offers a Yield Shield Savings Account with a competitive APY of 3.73%, though it has decreased from 3.98% recently. The account has no maintenance fees but requires a substantial minimum deposit and balance of $25,000. While the bank has an A+ BBB rating, it is not BBB Accredited. With locations across several states, it caters to a broad audience, though its online-only nature may not suit everyone.

Savings Account: In-Depth View

Savings Account Offered by Customers Bank

Feature	Yield Shield Savings Account
APY	3.73% (as of 11/12/2025)
APY Trend	-0.25% MoM/-0.50% QoQ
Minimum Deposit	$25,000
Minimum Balance for APY	$25,000
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Monthly
Maintenance Fee	$0
Eligibility	United States
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Customers Bank

All calculations are based on APY.

Savings Product:

Yield Shield Savings Account (APY: 3.73%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $6,279.8 (14.18%)
Total contributions: $13,000 (29.36%)
Initial deposit: $25,000 (56.46%)

Your total balance

$44,279.80

Effective APY: 3.73% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Customers Bank Savings Rates Over Time

Historical APY Insights

Metric	Yield Shield Savings Account
Latest APY	3.73 %
Trend	Sideways
Slope (bps/mo)	-3.0
Rate Changes / Mo	0.27
Days Since Last Change	14
High (-11 m)	4.48 %
Low (-11 m)	3.73 %
Draw-down from High	-16.7 %
Volatility (CV)	0.034

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 11 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-11 m): Highest APY in the last 330 days.
Low (-11 m): Lowest APY in the last 330 days.
Draw-down from High: How far today sits below the 11-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare Customers Bank's Savings Account

Affirm - 3.60% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.30% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Axos Bank - 4.51% APY
Bank5 Connect - 3.85% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 3.90% APY
Betterment - 3.50% APY
BMO Alto - 3.25% APY
Bread Savings - 4.20% APY
BrioDirect - 4.00% APY
Capital One - 3.40% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.00-3.50% APY
CIBC Bank USA - 3.92% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.35% APY
Citizens Access™ - 3.35% APY
Colorado Federal Savings Bank - 4.05% APY
ConnectOne Bank - 3.60% APY
Discover Bank - 3.40% APY
Elevault - 4.08% APY
E*TRADE from Morgan Stanley - 3.75% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.00% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 3.75% APY
FNBO Direct - 3.00% APY
Forbright Bank - 4.00% APY
FVCbank - 3.85% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Ivy Bank - 0.05-4.25% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 3.90% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.11% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.50% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.70% APY
Poppy Bank - 4.00% APY
Popular Direct - 4.00% APY
Presidential Bank - 3.75-4.25% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.00% APY
ROGER - 3.87% APY
Salem Five Direct - 3.71% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.30% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-2.75% APY
The State Exchange Bank - 3.96% APY
TIMBR - 4.40% APY
UFB Direct - 3.51-3.71% APY
Upgrade - 3.05% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Vio Bank - 4.21% APY
Wealthfront - 3.50-4.15% APY
Wells Fargo - 0.05-0.05% APY
Western Alliance Bank - 4.05% APY
Zynlo Bank - 4.20% APY

Feature	Customers Bank	Select a bank...
Product	Yield Shield Savings Account	N/A
APY	3.73% (as of 11/12/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Monthly	N/A
Minimum Deposit	$25,000	N/A
Minimum Balance for APY	$25,000	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A

Alternatives to Customers Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

UFB Direct

UFB Portfolio Savings: 3.51% APY

Minimum Deposit: $0

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UFB Checking and Savings Bundle: 3.71% APY

Minimum Deposit: $5000

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Direct Deposit: Not required

TIMBR

Premium Savings Account: 4.40% APY

Minimum Deposit: $1,000

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Elevault

High Yield Savings Account: 4.08% APY

Minimum Deposit: $0

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Colorado Federal Savings Bank

High Yield Savings: 4.00% APY

Minimum Deposit: $1

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Premier Savings: 4.05% APY

Minimum Deposit: $50,000

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Pibank

Pibank Savings: 4.60% APY

Minimum Deposit: $0

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Ivy Bank

High-Yield Savings Account: 4.25% APY

Minimum Deposit: $2,500

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Eligible States: Limited (see details)

Neighbors Bank

Neighbors Savings Account: 4.50% APY

Minimum Deposit: $0

Eligible States: Limited (see details)

RBMAX

Max Interest Savings: 3.90% APY

Minimum Deposit: $10

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Axos Bank

Axos ONE: 4.51% APY

Bundled Savings & Checking Account

Minimum Deposit: $0

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Summit Savings: 4.00% APY

Minimum Deposit: $0

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Bank5 Connect

Connect Savings: 1.50% APY

Minimum Deposit: $10

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Jumbo Savings: 3.85% APY

Minimum Deposit: $25,000

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Presidential Bank

Advantage Savings: 4.25% APY

Bundled Savings & Checking Account

Minimum Deposit: $5,000

Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.

GO2bank

High Yield Savings: 4.50% APY

Minimum Deposit: $0

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