Crescent Bank Money Market Account

Crescent Bank Money Market Account Review

Crescent Bank Money Market Account is offered by Crescent Bank, a bank founded in 1991 and based in Metairie, LA. Crescent Bank Money Market 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 2.20%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $1000.
• Charges a monthly fee. This account charges a monthly service fee of up to $12, but the fee is waived if you keep a minimum balance of $1,000.
• $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.

Pros & Cons of Crescent Bank Money Market Account

Crescent Bank Money Market Account FAQ

Are money market accounts from Crescent Bank federally insured?

Yes, your deposits 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 are the interest rates for Crescent Bank Money Market Account rates?

Crescent Bank Money Market Account offers an APY starting at 1.70% and ranging up to 2.20% (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 $1000.

What are the fees for Crescent Bank Money Market Account?

What is the minimum balance for Crescent Bank Money Market Account?

Minimum deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.

Interest rate minimum balance of $1,000. You must keep the account balance above $1,000 to earn interest.

What features and perks does Crescent Bank Money Market Account offer?

This account includes the following features:

• Mobile Banking Services - Crescent Bank Money Market Account allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is .

How to open an account with Crescent Bank

• Visit the Crescent Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.