Customers Bank: Savings Account & Rates
Mission: Banksparency aims to make Customers Bank's savings account transparent and comparable to the market.
Savings Overview
Yield Shield Savings Account
| Min. Deposit | $25,000 |
| Min. Balance | $25,000 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.
Bank Overview
- HQ LocationWest Reading, Pennsylvania
- Founded2009
- Ratings & Trust
- Zelle® SupportAvailableNative integration for personal banking clients.
- Deposit InsuranceFDIC Insured(Cert: 34444)
Our Take on Customers Bank
The Good
- Decent APY of 3.48%
- No monthly maintenance fees
- Highly rated iOS app (4.1 stars)
- Access to physical branches
Considerations
- High minimum balance ($25000) to earn APY
- No physical branch access (online only)
- Yield is below current market leaders
Customers Bank offers the Yield Shield Savings Account with an attractive APY of 3.48%. This account has no monthly maintenance fees and does not require direct deposit or a checking account to open. However, it does have a high minimum balance requirement of $25,000 to earn the stated APY. While the account provides access to physical branches and has a highly rated iOS app (4.1 stars), its yield is below that of current market leaders.
Savings Account: In-Depth View
Savings Account Offered by Customers Bank
| Feature | Yield Shield Savings Account |
|---|---|
APY | 3.48%Verified: 1/7/2026 |
APY Trend | 30 days ↘︎ 0.25% 90 days ↘︎ 0.50% |
Min. Deposit | $25,000 |
Min. Balance | $25,000 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Monthly |
FDIC Insured | Yes |
Eligibility | United States |
| Next Steps | - |
Calculate Savings for Customers Bank
Savings Breakdown
- Interest Earned+$5,832.10(13.3%)
- Total Contributions$13,000
- Initial Deposit$25,000
Projected Balance
$43,832.10
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
Last 12 Months| Metric | Yield Shield Savings Account |
|---|---|
Latest APY | 3.48% |
Trend | Falling |
Slope (bps/mo) | -5.9 |
Rate Changes / Mo | 0.25 |
Days Since Last Change | 25 |
High (-12m) | 4.23% |
Low (-12m) | 3.48% |
Draw-down | -17.7% |
Volatility (CV) | 0.065 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 365-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Customers Bank
| Feature | Current View Customers Bank | Empty Slot |
|---|---|---|
| Product | Yield Shield Savings Account | - |
APY | 3.48%Verified: 1/7/2026 | - |
APY Trend | 30 days ↘︎ 0.25% 90 days ↘︎ 0.50% | - |
| Min. Deposit | $25,000 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Monthly | - |
FDIC Insured | Yes | - |
| Next Steps | - | - |
Alternatives to Customers Bank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Forbright Bank
Growth Savings: 4.00% APY
Minimum Deposit: $0
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Bright Savings: 3.65% APY
Minimum Deposit: $250
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Sprout Savings: 3.65% APY
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Openbank
High-Yield Savings Account: 4.20% APY
Minimum Deposit: $500
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Presidential Bank
Advantage Savings: 3.75% 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.
FVCbank
Advantage Direct Savings: 3.85% APY
Minimum Deposit: $500
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CIT Bank
Platinum Savings: 3.75% APY
Minimum Deposit: $100
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Savings Connect: 3.65% APY
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Bask Bank
Interest Savings Account: 3.75% APY
Minimum Deposit: $0
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Pibank
Pibank Savings: 4.60% APY
Minimum Deposit: $0
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Climate First Bank
Super Duper Savings Account: 4.21% APY
Minimum Deposit: $50
MySavingsDirect
MySavings Account: 3.35% APY
Minimum Deposit: $0
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GO2bank
High Yield Savings: 4.50% APY
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Minimum Deposit: $0
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Salem Five Direct
eOne Savings: 3.61% APY
Minimum Deposit: $10
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Wealthfront
Cash Account: 3.90% APY
Minimum Deposit: $0
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