Business Insider's personal finance team reviewed Crescent Bank CD rates and found its a standard offering compared to the best CD rates.
Crescent Bank CDs pay more than average CD rates, but several other banks offer even higher CD rates. Crescent Bank CDs also doesn't stand out for unique features, like $0 minimum opening requirements or CD variety, like others might.
Ultimately, if you live in Louisiana and want a local bank with great CD rates, Crescent Bank still might be a good choice for you. Otherwise, other options may be more appealing.
Learn more about CD rates at Crescent Bank below.
Current Crescent Bank CD Rates
Here are all the CDs that Crescent Bank currently offers:
| CD term length | APY |
| Crescent Bank 1 Year CD | 3.50% |
| Crescent Bank 18 Month CD | 3.50% |
| Crescent Bank 2 Year CD | 3.50% |
| Crescent Bank 30 Month CD | 3.50% |
| Crescent Bank 3 Year CD | 3.50% |
| Crescent Bank 4 Year CD | 3.50% |
| Crescent Bank 5 Year CD | 3.50% |
Overview of Crescent Bank CDs
Crescent Bank offers online fixed-rate CDs with term lengths from 1 year to 5 years. The rates are pretty comparable for all terms.
If you can keep money locked in for longer, the 5-year CD is the best option. However, you should also ultimately choose the term that's the best fit for your goals.
Types of CDs Offered by Crescent Bank
Currently, Crescent Bank only offers standard, fixed-rate CDs. It doesn't offer specialized CDs, like no-penalty CDs or bump-rate CDs, and it only offers one CD with a non-standard term length: its 30-month CD.
In addition, Crescent Bank doesn't offer some of the shorter-term CDs that many banks do. For example, it doesn't offer a 6-month CD. Additionally, there aren't currently any Crescent Bank promotional CD rates, although it has had some in the past.
Crescent Bank CD Pros and Cons
Crescent Bank CD Pros
- Great rates on several CDs
- Offers one CD with non-standard term length
- Standard early withdrawal penalties
- Standard minimum opening deposit
- FDIC-insured
Crescent Bank CD Cons
- Doesn't offer many short-term CDs
- Interest compounds monthly
- Only physical branches are in Louisiana
- No mobile app
Crescent Bank CD Alternatives
Crescent Bank vs. CFG Bank
If you're looking for a financial institution that offers lower minimum opening deposits on CDs, you might prefer a CFG Bank CD over a Crescent Bank CD. The minimum opening deposit for a CFG Bank CD is only $500, while a Crescent Bank CD requires you to put at least $1,000 in the CD.
CFG CD rates offer 3.65% to 4.15% APY, which is higher than Crescent Bank CD rates.
Crescent Bank vs. Bread Savings
If you do most of your banking from your phone, you'll probably want to go with a Bread Savings High-Yield CD — Crescent Bank doesn't have a mobile banking app. If you're strictly searching for the most competitive CD rates, Bread Savings CDs also offer higher rates for most terms, paying 3.80% to 4.50% APY.
Bread Savings has a higher minimum opening deposit for its CD than Crescent Bank, so if you're hoping to open an account with less than $100, you'll probably want to go with Crescent Bank.
What Influences Crescent Bank CD Rates
Market Fluctuations
Just like all banks and credit unions, Crescent Bank responds to market fluctuations by changing its CD rates. This can mean raising rates to stay competitive, or lowering rates if the market is trending down.
Fed Actions
The biggest catalyst for rate changes is when the Federal Reserve meets to discuss and announce the federal funds rate. If you're wondering what the Federal Reserve is, also known as "the Fed," it's the central banking system of the U.S. The rate changes it announces influence how banks set their rates — if the Fed lowers its rates, so will banks.
CD Term Length
What term length you choose will impact what rate you'll get on your CD. Right now, short-term CD rates are higher than long-term CD rates, because banks expect the Federal Reserve to lower its rates this year. This is reflected in the rates that Crescent Bank sets for its CDs, although Crescent Bank offers higher rates on long-term CDs than many other banks.
Should You Invest in a Crescent Bank CD?
If you're looking for a good rate with a smaller financial institution based in Louisiana, then Crescent Bank might be a good pick for you. If you're looking for a more specialized CD, such as a jumbo CD, you'll probably want to go elsewhere.
Why You Should Trust Us: How We Reviewed Crescent Bank CDs
At Business Insider, we use our bank account rating methodology to rate all of the banking products we review, including CDs. When scoring CDs, we look at its interest rate, minimum opening deposit, miscellaneous features, and early withdrawal penalties. We also consider what types of CDs the bank offers, the customer support it has, how well its mobile app is rated, if it has one, and the bank's security and ethics.
We assign each category a rating between 0 and 5, and star ratings can be anywhere from one to five stars. We use a weighted average to get our star rating, which means we weigh certain features, like interest rates and fees, at a higher weight percentage than others. We understand that these areas can more heavily impact a person's overall banking experience. security and ethics.
Crescent Bank Rates FAQs
No. Crescent Bank CD rates pay 3.50% APY, which is higher than average CD rates. Other online banks have even more competitive rates right now, though.
Like most banks, Crescent Bank changes CD rates fairly frequently. Ultimately, rates can change at any time. Rates will most commonly change when the Federal Reserve changes its rates.
Crescent Bank CDs offers higher rates than the average CD. It also offers a 30-month CD, which isn't a standard term length.
Yes, Crescent Bank CDs are FDIC insured up to $250,000 per depositor, per account type.
Crescent Bank has three branches, all in Louisiana. You can find a branch in the cities of New Orleans, Metairie, and Mandeville. If there isn't a Crescent Bank CD location near you, you can also open CDs online.
