Customers Bank: Savings Accounts & Rates

Savings rates updated: 10/1/2025

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

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: 3.98% APY(Rank 45 out of 83 tracked HYSAs)

Minimum Deposit: $25,000 | Online Only

National Savings Interest Rate: 0.4% (as of 9/15/2025)

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 3.98%, down from 4.23% in the last 30 days
No maintenance fees for the Yield Shield Savings Account
A+ BBB rating indicates strong trustworthiness
Available in multiple states, enhancing accessibility

Considerations

Minimum deposit and balance requirement of $25,000
Online-only account may not suit all users
Not BBB accredited despite high rating
Google Play rating of 3.8 may indicate user concerns

Summary: Customers Bank offers a competitive Yield Shield Savings Account with a current APY of 3.98%. However, it requires a minimum deposit and balance of $25,000, which may limit accessibility for some savers. The bank has an A+ BBB rating, but it is not accredited, and its online-only nature may not appeal to everyone. With branches in several states, it provides reasonable accessibility for customers.

Savings Account: In-Depth View

Savings Account Offered by Customers Bank

Feature	Yield Shield Savings Account
APY	3.98% (as of 10/1/2025)
APY Trend	-0.25% MoM
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: 3.98%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $6,731.4 (15.05%)
Total contributions: $13,000 (29.06%)
Initial deposit: $25,000 (55.89%)

Your total balance

$44,731.40

Effective APY: 3.98% (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	3.98 %
Trend	Sideways
Slope (bps/mo)	-0.8
Rate Changes / Mo	0.21
Days Since Last Change	10
High (-9 m)	4.48 %
Low (-9 m)	3.98 %
Draw-down from High	-11.2 %
Volatility (CV)	0.013

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 9 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 (-9 m): Highest APY in the last 289 days.
Low (-9 m): Lowest APY in the last 289 days.
Draw-down from High: How far today sits below the 9-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

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Bank of America - 0.01% APY
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Bask Bank - 4.05% APY
Betterment - 3.75% APY
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Bread Savings - 4.25% APY
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Capital One - 3.40% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.25-3.75% APY
CIBC Bank USA - 4.02% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.40% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.15% APY
ConnectOne Bank - 3.85% APY
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E*TRADE from Morgan Stanley - 3.75% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
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FNBO Direct - 3.25% APY
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FVCbank - 4.10% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.30% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% 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 - 3.85% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.10% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.20% APY
ROGER - 3.87% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 4.11% APY
TIMBR - 4.40% APY
UFB Direct - 3.90-4.10% APY
Upgrade - 3.42% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.35% APY

Feature	Customers Bank	Select a bank...
Product	Yield Shield Savings Account	N/A
APY	3.98% (as of 10/1/2025)	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