Open High Yield Savings Account Online

Banking has become more convenient than ever in today’s digital age, enabling you to manage your finances from the comfort of home. One way to take advantage of this convenience is to open a high-yield online savings account at Customers Bank.

About Customers Bank

Customers Bank, which serves customers in Florida, Illinois, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, and Texas, is a super-community bank with over $22 billion in assets. We provide consumer banking services including checking, savings, and money market accounts, home mortgages, consumer loans, and CDs.

What Is an Online Savings Account?

An online savings account is just like a regular one, but you manage it online. You can deposit and withdraw money, set up automatic transfers, and manage your account through an online platform. The main difference between online and traditional savings accounts is the interest rate. Online savings accounts generally offer higher interest rates than brick-and-mortar banks because they have lower overhead costs.

Why Choose a High-Yield Online Savings Account?

There are several reasons to consider a high-yield online savings account. Here are just a few:

1. By choosing a high-yield online savings account at Customers Bank, you’re making a smart financial move. These accounts typically offer higher interest rates than traditional savings accounts, meaning you’ll earn more money on your savings over time, potentially accelerating your financial goals.
2. With an online savings account at Customers Bank, you have the power to manage your finances from anywhere with an internet connection. You can deposit and withdraw money, set up automatic transfers, and monitor your account balance anytime, putting you in control of your financial future.
3. Lower fees: Online savings accounts often have lower fees than traditional ones. This can save you money over time.
4. Security: Customers Bank uses advanced security measures to protect your account and personal information. You can feel confident that your money is safe.

How to Easily Open a Savings Account Online

• Begin by conducting thorough research on various banks and their offerings. Take note of interest rates, fees, and available services to determine which bank aligns with your specific needs and preferences.
• Gather the necessary documents for the account opening process. Typically, the bank will require personal information such as your name, proof of address (e.g., utility bill or lease agreement), and Social Security Number. Additionally, have a valid government-issued photo ID or driver’s license ready. It’s always a good idea to check with the bank if any other documents are necessary.
• Initiate the account opening process. Many banks provide the convenience of starting your application online. However, be prepared for the possibility that they may require additional information or verification either through a phone call or an in-person visit.
• Fund your new account by making an initial deposit. Most banks offer various options for funding, such as transferring funds from an existing account or mailing a check. Choose the method that suits you best and get your savings off to a great start.

By following these simple steps, you can use our new Yield Shield Savings Account at Customers Bank and earn more on your savings today.

Conclusion

Opening a high-yield online savings account is a smart way to make the most of your money. With higher interest rates, lower fees, and advanced security measures, online savings accounts offer many benefits over traditional ones.