Crescent Bank Highest Yield Savings Account

Crescent Bank Highest Yield Savings Account Review

Crescent Bank Highest Yield Savings Account is offered by Crescent Bank, a bank founded in 1991 and based in Metairie, LA. Crescent Bank Highest Yield Savings 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 average interest rate for a savings account.
• $0 monthly fee. This account does not charge any monthly account fees.
• Large minimum initial deposit. You need a minimum deposit of $100,000 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
• No ATM fees. Crescent Bank Highest Yield Savings Account does not charge fees on ATM transactions.

Crescent Bank saving account Pros & Cons

Pros	Cons
Available in all 50 states. High variable APY.	No signup bonus. Does not offer mobile check deposits. Does not provide access to a nationwide ATM network. Does not come with a debit card

Crescent Bank saving account FAQ

Are savings 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.

Does Crescent Bank offer a signup bonus?

Crescent Bank saving account doesn't offer a signup bonus.

What is the minimum initial deposit for Crescent Bank saving account?

The minimum deposit to open a Crescent Bank saving account is $100,000.

Crescent Bank Highest Yield Savings Account Minimums

Description
Minimum Opening Deposit	Starting at $100,000

What APY does Crescent Bank Highest Yield Savings Account offer?

Crescent Bank saving account offers an APY of 2.20% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only savings accounts, which is around 1% APY.

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Crescent Bank saving account charge?

Crescent Bank saving account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does Crescent Bank saving account offer?

This savings account includes the following features:

• Mobile Banking Services - Crescent Bank saving account allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to Crescent Bank saving account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.