Compound Interest Calculator
Savings Account from Customers Bank with 4.73% APY and $25 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from Customers Bank with 4.73% APY and $25 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $31,750. The interest earned would be $11,750 and the tax amount on the interest earned would be approximately $3,525.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for Customers Bank

Savings Boost of
$7,907 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Customers Bank Interest Earned $8,225

 

 

See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Rate:
0.23%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 32
2 20,045 45 32
3 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

Customers Bank Scenario

Rate:
4.73%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 946 662
2 20,946 991 694
3 21,937 1,038 726
4 22,974 1,087 761
5 24,061 1,138 797
6 25,199 1,192 834
7 26,391 1,248 874
8 27,639 1,307 915
9 28,947 1,369 958
10 30,316 1,434 1,004
TOTAL: $11,750 $8,225

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.


Recent Rate Changes



Date APY
September 20, 2024 4.73%
September 6, 2024 5.24%
February 6, 2024 5.14%
August 20, 2023 4.05%


Featured CD Rates

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Customer Reviews for Customers Bank


  • March 25, 2020

    I was told on the phone by a bank rep that my present money market acct interest rate would continue at 2.25% until June 30, 2020 and would be FDIC covered up to $250,000. Please verify if this is true???
    UNDER MARKET RATES LISTED SEE BELOW Deposit Rates - March 25, 2020
    Your Current Location: Georgia, GA 30009
    Savings and Money Market Rates
    APY 0.25%
    MAXIMUM $50,000
    I DO NOT UNDERSTAND WHAT IS GOING ON HERE??
    SEE LINK https://www.bestcashcow.com/banks/customers-bank-34444

    -






  • January 23, 2020

    Yesterday I signed up for the 2.25 MM account that took 10 minute to do online. Then I created a transfer connection to fund it which was completed less than 24 hours later. I didn't need to speak to anyone and it all went flawlessly. Now this I could get used to!!!

  • December 9, 2018

    CDs 24 Month Rates

    I purchased a 15 month CD in Dec. 2017 which should have matured in Jan.2018. The teller screwed up and gave Jan 2019 as the maturity date. Now they sent me a notice my account was inactive. It was a total screw up on their part.


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