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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


Crescent Bank & Trust started in 1991 and has its headquarters in New Orleans, Louisiana. It has $996 million in assets as well as deposits totaling $872 million, classifying it as a medium-size bank. Crescent Bank & Trust lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. Overall, Crescent Bank & Trust is a good bank that deserves your consideration, with a rating of 4.0 out of 5 stars from our team. Crescent Bank & Trust has a diverse array of product offerings, including savings accounts, checking accounts, money market accounts, CDs and IRAs. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Crescent Bank & Trust's most basic checking does not carry a monthly charge. Finding a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is your best option for accruing the most income on your deposits while having easy 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

With a savings rate of 1.50%, Crescent Bank & Trust ranks poorly compared to the average U.S. bank. Its one-year CD earns at a rate of 2.70% and the five-year CD earns at a rate of 3.35%, while its highest-yielding money market account earns at an APY of 0.50%. Given Crescent Bank & Trust's poor 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 typically has low fees as compared against the national average. Crescent Bank & Trust's checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. For those who will need cash in a pinch, it 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 doesn't reimburse out-of-network ATM fees, which means you will be required to search for a Crescent Bank & Trust ATM or pay the withdrawal 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 branches 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 a straightforward online-banking experience. It does not have all-day customer service with 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 receives an outstanding consumer satisfaction rating due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

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 is currently a medium-size bank and handles assets totaling $996 million and $872 million in deposits. Crescent Bank & Trust's Texas Ratio is 14.16%, suggesting a tiny likelihood 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: 2.70% APY
  • 24 Month: 2.80% APY
  • 36 Month: 2.90% 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 offers several deposit products including 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 think about taking a look elsewhere 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 compared to the average U.S. bank.

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Find a Crescent Bank & Trust Near Me

Crescent Bank & Trust has 36 physical locations across the U.S.

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