CD Accounts
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Last Updated: 04/18/2025
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
4.40% - 5.45%(Verified 06/21/2024)
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Minimum Opening Deposit
$1,000
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Certificate Term
- 12 months
- 18 months
- 2 years
- 30 months
- 3 years
- 4 years
- 5 years
Number of Reviews
Crescent Bank CD Accounts Review
Crescent Bank CD Accounts are offered by Crescent Bank, a bank founded in 1991 and based in Metairie, LA. Crescent Bank are available in 42 states and Washington, DC.
Key Takeaways
- Only one CD type available. Crescent Bank only offers traditional CD accounts.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 5.45%, which is much higher than the national average for a CD account.
- $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. Crescent Bank allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Crescent Bank CD Accounts
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Crescent Bank CD Accounts FAQ
Are CD from Crescent Bank federally insured?
Yes, your Crescent Bank CDs 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 types of CDs does Crescent Bank offer?
Crescent Bank provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
What rates does Crescent Bank offer on its CDs?
Crescent Bank offers an APY starting at 4.40% and ranging up to 5.45%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding. This is higher than the typical interest rate for online-only checking accounts, which is around 1% APY.
What terms does Crescent Bank offer?
Crescent Bank offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 5.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 4.40% - 5.45% (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 4.75% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 4.55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 4.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 18-Month APY | 5.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 30-month APY | 4.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Crescent Bank?
Crescent Bank require a minimum deposit of $1,000 to open an account.
What is the grace period for Crescent Bank?
There is a 10-day grace period for Crescent Bank. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does Crescent Bank charge?
Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
Crescent Bank charges an early withdrawal fee.
Crescent Bank CD Accounts Disclosure: *Online CD rates eligible for New Money only, funds must originate from a financial institution other than Crescent Bank. Minimum opening deposit $1,000. Annual Percentage Yield effective 04/20/2023, subject to change at any time and is based on interest compounding quarterly. This is a limited time offer and can be withdrawn at any time without notice. Interest rates are fixed for the term of the Certificate of Deposit. A penalty is imposed for early withdrawal which would reduce earnings on account. For more information on insurance coverage visit www.fdic.gov. Member FDIC
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Crescent Bank
Hours of Operation
Sunday
Closed
Monday
8:00AM - 4:00PM
Tuesday
8:00AM - 4:00PM
Wednesday
8:00AM - 4:00PM
Thursday
8:00AM - 4:00PM
Friday
8:00AM - 4:00PM
Saturday
Closed
Other Services by Crescent Bank
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SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.
+100
-1000+100
No one recommends
Everyone recommends
Crescent Bank CD Accounts Community Reviews
Would you recommend Crescent Bank CD Accounts to your friends?
Collins T.
Nov 15, 2023
May or may not recommend
Crescent Bank's CD accounts appear to be a favorable choice for individuals looking to maximize their savings with competitive interest rates. However, potential customers should consider the specific account requirements and early withdrawal penalties before making a decision.
BK
Ben K.
Feb 3, 2023
May or may not recommend
If you are looking for a way to grow your funds through a savings vehicle, Crescent Bank offers some very worthwhile APYs. For example, its APY for a one-year CD is one of the best on the market.
SS
Savannah S.
Jan 24, 2023
May or may not recommend
I opened my Certificate of Deposit account with Crescent a year ago. Not much time to see huge impact, although the yield is generous, and I can see the potential for great growth in my deposit. The process of deposit was simple, and the customer service is great. Recommend!
D M.
Jan 21, 2023
May or may not recommend
This bank is very customer oriented I love how easy it is to setup and use
LR
Lexi R.
Jan 20, 2023
May or may not recommend
Crescent bank has become one of my favorites. This bank is a great place to store your savings. They are also a really good bank to borrow from and they have amazing customer service as well. Their rates are great for the average saver too. I highly recommend this bank.
RH
Rojonah H.
Jan 20, 2023
May or may not recommend
I highly recommend Crescent Bank ....I am happy that I converted over to them because the interest rate that I was receiving was bogus. Not only that but I am pleased with the impact on the service from Jason...He is a gem
AM
Arshad M.
Jan 20, 2023
May or may not recommend
The problems i was facing in banking were almost resolved by crescent bank. It is a good bank to work with
CS
Colin S.
Jan 19, 2023
May or may not recommend
I recommend this CD to other investors out there due to the low deposit needed and very high yearly APR yield rate. I personally had a great experience with this account and have a very thorough background in investments.
Showing 8 of 8 reviews
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