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Crescent Bank CD Review 2024

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  • You can open a 12-month Crescent Bank Online CD and earn 4.70% APY.
  • To open an online CD at Crescent Bank, you'll need to deposit $1,000 or more in new money.
  • In comparison, the average 12-month CD pays 1.86% APY, according to the FDIC.
Crescent Bank CDs
  • Crescent Bank 1 Year CD
  • Crescent Bank 18 Month CD
  • Crescent Bank 2 Year CD
  • Crescent Bank 30 Month CD
  • Crescent Bank 3 Year CD
  • Crescent Bank 4 Year CD
  • Crescent Bank 5 Year CD
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
4.70%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$1,000
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
4.55%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$1,000
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
4.30%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$1,000
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
4.10%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$1,000
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
4.05%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$1,000
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
3.80%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$1,000
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
3.75%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$1,000
Start saving
Crescent Bank, Member FDIC
Start saving
Crescent Bank, FDIC Insured
Start saving
Crescent Bank, Member FDIC
Start saving
Crescent Bank, Member FDIC
Start saving
Crescent Bank, Member FDIC
Start saving
Crescent Bank, FDIC Insured
Start saving
Crescent Bank, FDIC Insured.

Crescent Bank is offering a 12-month CD with 4.70% annual percentage yield (APY). 

Crescent Bank also has strong CD rates for 18-month, 2-year, 30-month, 3-year, 4-year, and 5-year terms.

You may open an online Crescent Bank CD from anywhere in the United States as long as you're a United States citizen and age 18 or older. When you're filling out the online application, you'll need a social security number, a United States ID, and your bank account information for an ACH transfer.

To open the 12-month Crescent Bank CD, you'll need to deposit at least $1,000 in new money. New money means funds that haven't already been deposited into a Crescent Bank account.

You'll also need to maintain money in the account for the full term. If you withdraw money from a CD before the end of a term, you might have to pay an early withdrawal penalty. At Crescent Bank, the early withdrawal penalty for a 12-month online CD is 90 days of interest. 

More About Crescent Bank CDs

You might like a Crescent Bank CD if you're searching for a competitive interest rate on online CD terms from one to five years. Crescent Bank offers a higher interest rate on its CDs than most brick-and-mortar and online banks.

The minimum opening deposit and early withdrawal penalties for most CD terms are on par with other financial institutions. However, if you would like a CD with easier requirements, there are online banks that let you open a CD with $0 or offer no-penalty CDs.

How Crescent Bank Works

Crescent Bank is a financial institution with branches in New Orleans, Metairie, and Mandeville, Louisiana. You can also open online CDs nationwide. 

Crescent Bank may not be the best choice if you frequently use mobile banking. It doesn't have a mobile app on the Google Play store or Apple store. 

Banking customer service is available by phone from 8 a.m. to 4 p.m. CT Monday through Friday.

Your deposits are FDIC insured for up to $250,000 per depositor in a bank account.

The Best 12-month CD Rates

The average 12-month CD in January 2024 pays 1.86% APY, according to the FDIC. However, there are online banks that offer much higher interest rates on CDs. We've compared Crescent Bank to two other financial institutions featured in our best 1-year CD guide: CFG Bank and Bread Savings.

CFG Bank CDs vs. Crescent Bank CDs

CFG Bank CDs
  • CFG Bank 1 Year CD
  • CFG Bank 18 Month CD
  • CFG Bank 3 Year CD
  • CFG Bank 5 Year CD
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Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
5.40%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$500
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
5.00%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$500
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
4.35%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$500
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
4.05%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$500
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On CFG Bank's website
Start saving
CFG Bank, FDIC Insured
Start saving
CFG Bank, FDIC Insured.
Start saving
On CFG Bank's website

Deciding between CFG Bank CDs and Crescent Bank CDs will depend on the term you choose. Both banks pay high CD rates, overall though.

If you're looking for a financial institution that offers lower minimum opening deposits on CDs, you might prefer CFG Bank over Crescent Bank. The minimum opening deposit for a CFG Bank CD is only $500.

CFG Bank Review

Bread Savings CDs vs. Crescent Bank CDs

Bread Savings CDs
  • Bread Savings 1 Year High-Yield CD
  • Bread Savings 2 Year High-Yield CD
  • Bread Savings 3 Year High-Yield CD
  • Bread Savings 4 Year High-Yield CD
  • Bread Savings 5 Year High-Yield CD
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
5.25%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$1,500
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
4.65%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$1,500
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
4.25%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$1,500
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
4.15%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$1,500
Annual Percentage Yield (APY) Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
4.15%
Minimum deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$1,500
Start saving
On Bread Savings' website. Bread Savings, FDIC Insured.
Start saving
On Bread Savings' website. Bread Savings, FDIC Insured.
Start saving
On Bread Savings' website. Bread Savings, FDIC Insured.
Start saving
On Bread Savings' website. Bread Savings, FDIC Insured.
Start saving
On Bread Savings' website. Bread Savings, FDIC Insured.

Bread Savings has a higher minimum opening deposit for its CD than Crescent Bank. You still might like Bread Savings if you're an avid mobile app user, though. Bread Savings has a mobile app in the Google Play and Apple stores.

If you're strictly searching for the most competitive CD rates, it may be a bit of a toss-up between the two online banks. Bread Savings generally pays higher CD rates on shorter-term lengths, while Crescent Bank is a better choice for long-term CDs.

Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards.

Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.

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