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Crescent Bank & Trust Review

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Crescent Bank & Trust Savings
1.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 1991, Crescent Bank & Trust has assets totaling $996 million and deposits totaling $872 million, ranking it as a medium-size bank. Crescent Bank & Trust, whose headquarters are in New Orleans, Louisiana, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Overall, Crescent Bank & Trust is a respectable bank that gets the job done, with a rating of 4.0 stars out of 5 from the SmartAsset experts. Crescent Bank & Trust offers a complete suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs and IRAs. Crescent Bank & Trust has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Crescent Bank & Trust's ordinary checking account does not have a monthly fee. Finding a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is the best option for gaining the most income from your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

Crescent Bank & Trust has a savings rate of 1.50%, which is fair compared to the average U.S. bank. Crescent Bank & Trust's CDs feature a rate of 2.35% and 3.35% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.50%. Given Crescent Bank & Trust's noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How Crescent Bank & Trust's Savings Rates Compare

Crescent Bank & Trust Savings 1.50 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Crescent Bank & Trust has typically low fees in comparison to the national average. With no monthly fee, Crescent Bank & Trust is ideal for those who want a basic checking account. For those who often withdraw money from the ATM, Crescent Bank & Trust is fair because it charges an out-of-network ATM fee of $1.25, which is reasonable in comparison to the national average. Crescent Bank & Trust does not refund out-of-network ATM charges, which means you'll need to locate a Crescent Bank & Trust ATM or accept the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $1.25 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Crescent Bank & Trust is a brick-and-mortar bank, with 36 total bank locations in Alabama, Arizona, Colorado, Florida, Indiana, Louisiana, Michigan, Missouri, Nevada, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Virginia and Washington. It also offers access to a web app, for an easy online-banking experience. It does not have all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 8:00 a.m. to 4:00 p.m. CT. Crescent Bank & Trust gets a superb consumer satisfaction score due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Crescent Bank & Trust ranks as a medium-size bank with $996 million in assets and deposits totaling $872 million. Crescent Bank & Trust's Texas Ratio is 14.16%, denoting a tiny chance of failure. Additionally, Crescent Bank & Trust is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Crescent Bank & Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 1.5% APY $100
Checking Account 0.5% APY $1000
Certificates of Deposit
  • 12 Month: 2.35% APY
  • 24 Month: 2.60% APY
  • 36 Month: 2.80% APY
  • 48 Month: 3.00% APY
  • 60 Month: 3.35% APY
$1000 for all terms
Money Market Account 0.5% APY $1000

Crescent Bank & Trust has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Crescent Bank & Trust does not have the best savings rate, which means you should consider other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Crescent Bank & Trust's CD rates are fair as compared against the national average.

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Find a Crescent Bank & Trust Near Me

Crescent Bank & Trust has 36 branches across the U.S.

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