Certificate Of Deposit (CD) in Customers Bancorp
Certificate of Deposit (CD) at Customers Bancorp
Secure your savings with a predictable return. The Certificate of Deposit (CD) at Customers Bancorp delivers a fixed rate over a set term, helping you grow your money without market turbulence. Backed by the strength of Customers Bancorp, Inc.—the parent company of Customers Bank, Member FDIC—this CD is designed for savers who value stability, clarity, and a straightforward path to reaching financial goals.
Why choose a Customers Bancorp CD?
- Fixed, predictable earnings: Lock in a rate for the full term and know exactly what you’ll earn.
- FDIC insurance: Insured up to $250,000 per depositor, per insured bank, for each account ownership category.
- Flexible terms: Choose a maturity date that fits your timeline—from short-term to multi-year options.
- Goal-oriented saving: Align your CD with milestones like tuition, a future home purchase, or a business reserve.
- Low maintenance: Set it, track it, and let your savings grow until maturity.
What is a Certificate of Deposit?
A CD is a time deposit that pays interest in exchange for keeping your funds on deposit for a fixed period. Unlike variable-rate accounts, a CD offers a rate that doesn’t change during your term, providing clear, dependable growth. At maturity, you can withdraw your funds, renew your CD, or adjust your strategy without guessing what comes next.
How a Customers Bancorp CD works
Opening a CD is straightforward: select your term, fund the account, and lock in your fixed rate. Your principal is held for the duration of the term while interest accrues according to the account disclosures. When the CD matures, you decide whether to withdraw, add funds, or renew for another term at the then-current rate. Early withdrawals may be subject to a penalty, which helps preserve the value of the fixed rate for all depositors.
Who benefits most from this CD
This CD suits savers who want guaranteed growth, businesses managing cash reserves, and anyone planning for a future purchase on a defined timeline. It’s a powerful complement to a savings or money market account—reserve your emergency funds for liquidity, and put surplus cash to work at a fixed rate with a CD.
Build a CD ladder for continuous access and yield
A CD ladder divides your savings into multiple CDs with staggered maturities (for example, 6, 12, 18, and 24 months). As each rung matures, you can take cash as needed or reinvest at current rates. This strategy helps balance access to funds and the potential for higher long-term earnings compared to keeping everything short-term.
Trust and protection
Customers Bancorp is the holding company of Customers Bank, a Member FDIC institution. That means eligible CD balances are protected up to the standard FDIC limits, giving you added peace of mind. Your funds are not subject to market volatility, and your rate remains fixed for the entire term.
How to open
- Choose your preferred term based on your timeline and goals.
- Fund the CD as specified in your account agreement.
- Track your maturity date and renewal window.
- At maturity, withdraw, add funds, or renew—on your terms.
Key advantages at a glance
- Guaranteed fixed rate for the full term
- Available term options to fit short- and long-range plans
- FDIC-insured protection up to applicable limits
- Simple, disciplined path to saving for major goals
Frequently asked questions
Is the CD FDIC insured?
Yes. CDs issued by Customers Bank are insured by the FDIC up to $250,000 per depositor, per insured bank, for each account ownership category.
Can I withdraw early?
Early withdrawals are generally subject to a penalty, which may reduce earnings. Review your account terms for details before opening.
How is interest handled?
Your CD accrues interest at a fixed rate for the full term. Interest crediting and compounding are outlined in your account disclosures.
What happens at maturity?
Upon maturity, you can withdraw funds, make changes, or renew at the then-current rate. There is typically a grace period to give you time to decide.
Make your savings work—confidently
If you’re seeking a safe, fixed-rate savings option, the Certificate of Deposit at Customers Bancorp offers clarity, consistency, and institutional strength. Choose your term, lock your rate, and move toward your goals with confidence—knowing your deposit is protected and your path is well-defined.
FDIC insurance is provided by Customers Bank, Member FDIC. Coverage applies up to the standard insurance limits per depositor, per insured bank, for each account ownership category. Terms, conditions, and early withdrawal penalties apply. Rates and product availability may change without notice.
Address Bank: West Reading, Pennsylvania, United States
Bank: Customers Bancorp
Headquarters: Wyomissing, Pennsylvania
Products: Deposit Accounts
Type: Certificate of Deposit (CD)
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