Crescent Bank Increases the Interest Rate On Its CD Account To 4.65% APY (January 2023)

Summary:

In response to the recent federal funds rate increases, Crescent Bank has increased the maximum APY for its CD account — now up to 4.65% APY.

On December 14th, 2022, Federal Reserve officials raised the federal funds rate, for the seventh time in 2022. The Fed rate increased by half a percentage point, nudging financial institutions to increase the interest rates they offer savers.

Crescent Bank now offers up to 4.65% APY

Crescent Bank increased the APY on its CD account to now offer between 4.30% and up to 4.65% APY depending on deposit term and savers location. Crescent Bank CD Account is a CD (certificate of deposit) that offers a very competitive annual percentage yield (APY).

The Crescent Bank CD account offers a range of terms between 12 months and 5 years. You will need to deposit a minimum of $1,000 to open a CD account.

At a top rate of 4.65% APY, Crescent Bank offers some of the most competitive yields available today.

Key Takeaways

  • Crescent Bank has increased the annual percentage yield (APY) on its CD account.
  • The APY on the CD account ranges from 4.30% to 4.65% depending on the deposit term and the location of the saver.
  • The Crescent Bank CD account is a certificate of deposit (CD) product.
  • The CD account has terms ranging from 12 months and 5 years.
  • A minimum deposit of $1,000 is required to open this CD account.

About Crescent Bank

Crescent Bank is a New Orleans based community bank specializing in auto lending and banking services. Named in homage of the “Crescent City”, its auto lending is sourced from its nationwide dealership network. Crescent Bank uses sophisticated risk modeling and data analytics to make intelligent and competitive lending decisions. Banking services are provided in person to the greater New Orleans metropolitan area, and online across the country. Crescent Bank’s deposit products, particularly Certificates of Deposit, are offered at some of the most attractive interest rates in the market.

We’re committed to providing courteous and professional service and enriching the financial lives of our customers. We employ more than 400 people across the country and proudly service customers nationwide.