Customers Bank Yield Shield Savings Account

Key Takeaways

• High yield savings. This account offers an annual percentage yield of up to 4.41%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
• No monthly maintenance fees. This account does not charge any monthly account fees.
• Large minimum initial deposit. You need a minimum deposit of $25,000 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
• No ATM fees. Customers Bank Yield Shield Savings Account does not charge fees on ATM transactions .

Customers Bank Yield Shield Savings Account Pros & Cons

Customers Bank Yield Shield Savings Account FAQ

Are savings accounts from Customers Bank federally insured?

Does Customers Bank offer a signup bonus?

What is the minimum initial deposit for Customers Bank Yield Shield Savings Account?

The minimum deposit to open a Customers Bank Yield Shield Savings Account is $25,000.

What APY does Customers Bank Yield Shield Savings Account offer?

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Customers Bank Yield Shield Savings Account charge?

What features and perks does Customers Bank Yield Shield Savings Account offer?

• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Customers Bank Yield Shield Savings Account allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to Customers Bank Yield Shield Savings Account?

What is the customer support email for Customers Bank Yield Shield Savings Account?