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Congratulations! You’ve taken the first step to saving smarter with the higher-yield Ascent CD Account. You’re just one click away from growing your money faster. Sign-up now and start earning.

The Ascent CD Account offers you:

0.24% APY*

No maximum balance

FDIC-insured

Convenient online account management

Frequently Asked Questions

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Who is Customers Bank?

Customers Bank is a super-community bank with over $11 billion in assets, offering commercial and consumer banking services along the I-95 corridor from Washington, DC to Boston; and in Chicago. Commercial products include cash management; commercial and industrial loans; small business loans; SBA government-guaranteed loans; commercial and multi-family real estate loans; and financing for leasing businesses and residential developers.

Customers Bank provides consumer banking services including savings, checking, and money market accounts; certificates of deposit; residential mortgages; and consumer loans. Additional consumer products are marketed as BankMobile, BankMobile Vibe, and Ascent.

Customers Bank is a member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation. Customers Bank is an equal opportunity lender. Customers Bank takes pride in delivering extremely high levels of customer service while charging comparatively very low fees; service that makes our clients say, ''Wow.''

Commercial clients enjoy Single Point of Contact service with one team to handle all banking needs. Some retail bank clients are afforded Concierge Banking® Services that brings banking to them, when and where they need it.

Customers Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company with its headquarters located in Phoenixville, Pennsylvania. The voting common shares of Customers Bancorp, Inc. are listed on the New York Stock Exchange under the symbol CUBI.

For more information about Customers Bank, visit www.customersbank.com.

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What is the Ascent Money CD Account?

The Ascent CD Account offers a top-tier rate. This 15-month term CD account is an FDIC-insured account with a 0.24% APY. Interest on your Ascent CD Account will be compounded monthly and credit to the CD principal.

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What is the difference between APY and interest rate?

The Annual Percentage Yield (APY) reflects the interest rate and the effect of the frequency of interest compounding (for example, daily) during a 365-day period. The Interest Rate is the annualized rate applied to the principal balance of the account each day in order to determine the amount of interest that has accrued on that day’s principal balance.

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How do I fund my online CD?

There are several ways to fund your new Ascent Money CD account. You may:

  1. Transfer up to $100,000 from your account at another bank.
  2. If you have an existing account with Customers Bank, you may transfer funds from that account to your new CD account.
  3. Wire funds from your account at another bank.
  4. Mail a check. Checks should be made payable to and mailed to: Customers Bank, Attn: Deposit Operations, 99 Bridge Street, Phoenixville, PA 19460. Refer to your funds availability disclosure for check deposits.

* Customers Bank routing number is 031302971. The Ascent Certificate of Deposit is a time deposit account. Refer to your account disclosures for complete terms and conditions.

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How do I receive interest from my Online CD?

We offer two options for crediting interest payments - credit to CD principal or transfer to another account.

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What happens to my Ascent CD at maturity?

This account will automatically renew at maturity. You will have ten calendar days after the maturity date to withdraw funds without penalty.

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How is interest on my Ascent CD calculated?

Interest on your Ascent CD is compounded monthly and credited to your account monthly.

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Are there penalties if I close my CD before maturity?

If we consent to a request for a withdrawal of principal during the term, a penalty equal to 365 days of interest based on the principal at the beginning of the CD term may be imposed.

Call us at 855-398-8159
with any unanswered questions you have about the Ascent CD Account.

OPEN THE ASCENT CD ACCOUNT AND WATCH YOUR MONEY GROW. It's Easy!

Annual Percentage Yield (APY). Penalty for early withdrawal. Fees could reduce earnings. APY is accurate as of 9/1/2020. Automatic renewal at maturity to a regular 15 Month CD. Available to consumers only. Additional terms and conditions apply. Offer may be withdrawn at any time. Available online only. For FDIC insurance information, visit FDIC.gov.

Routing Number: 031302971
FDIC Number: 34444