Crescent Bank Business Checking Account
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| Monthly Fee |
$8 - $10 (Verified 02/14/2023) |
| ATM Fee: Out-of-Network | N/A |
| Minimum Balance to Avoid Monthly Fee | Starting at $1,000 |
| APY (Annual Percentage Yield) |
1.40% (Verified 02/14/2023) |
Crescent Bank Business Checking Account Review
Crescent Bank Business Checking Account is offered by Crescent Bank, a bank founded in 1991 and based in Metairie, LA. Crescent Bank Business Checking Account are available in 50 states (and Washington, DC).
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.40%, which is much higher than the average for a checking account. However, you must keep a minimum balance of $999.99.
- Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $1,000.
- $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
Crescent Bank Business Checking Account Pros & Cons
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Crescent Bank Business Checking Account FAQ
Are business checking accounts from Crescent Bank federally insured?
Yes, your Crescent Bank business checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #33492). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does Crescent Bank Business Checking Account offer?
| Description | |
|---|---|
| APY (Annual Percentage Yield) | 1.40% |
Crescent Bank Business Checking Account offers an APY of 1.40% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY. However, to earn interest you must keep a minimum balance of $999.99.
What are the account minimums for Crescent Bank Business Checking Account?
Crescent Bank Business Checking Account requires a minimum initial deposit of $100 to open an account.
| Description | Amount |
|---|---|
| Minimum Initial Deposit | $100 |
| APY Minimum Balance | $999.99 |
| Minimum Balance to Avoid Monthly Fee | $1,000 |
What fees does Crescent Bank Business Checking Account charge?
This account charges a monthly maintenance fee of up to $10.
| Description | |
|---|---|
| Monthly Fee | $8 - $10 |
What features and perks does Crescent Bank Business Checking Account offer?
This account includes the following features:
- Mobile Banking Services - Crescent Bank Business Checking Account allows you to manage your money online.
Contact
- Headquarters
-
2121 Airline Dr Suite 400
Metairie, LA 70001 - Visit Site
Other Services by Crescent Bank
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Minimum Balance to Avoid Monthly Fee | Starting at $1,000 |
| Minimum Balance to Earn APY | $999.99 |
| Minimum Opening Deposit | Starting at $100 |
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