Customers Bank

Customers Bank offers a high-yield savings account with a competitive interest rate. No minimum balance is required to open or maintain the account. The account is fully insured by FDIC up to $250,000 per depositor. Customers can manage their account via the mobile app and have online access and bill pay capabilities.

Pros

• High-yield interest rate
• No minimum balance requirement
• Fully insured by FDIC
• Mobile app for account management
• Online access and bill pay

Cons

• Monthly maintenance fee if balance falls below $500
• No checks or debit card
• Limited number of overhead- повик branch transactions allowed per statement cycle