Welcome to high interest business banking
‍

Earn 4.65% annual percentage yield* in a checking account and access millions in aggregate FDIC insurance across network banks.†

Crescent Financial Inc. is a financial technology company, not an FDIC-insured depository institution. Subject to the terms of the applicable ICS Deposit Placement Agreement. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.

Crescent is a financial technology company, not a bank.Banking services provided by FirstBank, a Tennessee Corporation, Member FDIC.
In partnership with

Earning millions in interest for companies just like yours:
‍

Building a better home for business capital.

Protect principal, maximize earnings, and gain visibility into your business capital.
Crescent Cash

Earn 4.65% annual percentage yield 
on every dollar

Crescent Cash accounts unlock top interest rates for your deposits through our bank partnerships.
‍
Experience peace of mind with our transparent interest rates, which track to the Federal Funds rate, ensuring your earnings align with market dynamics while consistently delivering some of the most competitive rates.
‍
To put it in perspective: letting $1 million idle in a checking account with 0.00% APY interest could mean forgoing $46,500 in potential earnings each year.

Crescent Financial Inc. is a financial technology company, not an FDIC-insured depository institution.

Protection for your deposits

Protect your business capital with highest per depositor capacity protection† while earning 4.65% annual percentage yield on your entire checking account balance.

Mitigate banking concentration risk by distributing your cash across a network of FDIC-insured banks in increments of up to $250,000 per bank per account ownership type.

With Crescent, this enhanced protection is streamlined into a single account on our dashboard. Simply deposit cash and start earning automatically.

Crescent Financial Inc. is a financial technology company, not an FDIC-insured depository institution. Subject to the terms of the applicable ICS Deposit Placement Agreement. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.

Section Image

Security and Compliance

Built on bank-grade security and powered by the most trusted partners across finance and technology — we work tirelessly to ensure platform security.

Features

Continuous testing for ongoing SOC 2 compliance

Features

Two-factor authentication for enhanced account security

Features

Sensitive information protected by end-to-end encryption

Proud partners of

Members only community of 800+ top operators at leading tech companies across the globe with 10,000 combined years of operator experience.

An independent, invitation-only community for CFOs of high growth companies and funds. This community includes 750 top CFOs from leading tech companies.

F.A.Q.

Find answers to all your questions related to Crescent

What is Crescent?

Crescent is an online business banking platform built for business capital. We offer Crescent Cash, which currently earns up to 4.40% annual percentage yield on your entire checking account balance and can arrange for millions in aggregate FDIC insurance across network banks† and their sweep networks.

Crescent Financial Inc. is a financial technology company, not an FDIC-insured depository institution. Banking services are provided by OMB Bank, Member FDIC. Subject to the terms of the applicable ICS Deposit Placement Agreement, OMB Bank will place deposits at FDIC-insured institutions through IntraFi’s ICS service. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.

What do I need to open an account?

Your company will need to provide a certificate of formation, an employer identification number issued by the Internal Revenue Service,  and the names, physical addresses, dates of birth, and social security numbers for each person who owns or controls 25% or more of the voting shares of the company (i.e., beneficial owners). The federal government requires the customer to obtain this information before the bank can open an account for your company. Unless exempt, you are required by law to provide the names and other information to the Department of Treasury’s FinCEN at https://www.fincen.gov/boi.

Does Crescent charge any fees?

Crescent does not charge any account opening fees, transfer fees, or minimum balance fees.

How can I contact Crescent?

Reach out to our Crescent Concierge at support@crescent.app with any questions or to open an account.

Where are my Crescent Cash funds kept?

Crescent Financial Inc. is a financial technology company, not an FDIC-insured depository institution. Subject to the terms of the applicable ICS Deposit Placement Agreement. Your funds will be placed at FDIC-insured depository institutions in the IntraFi network. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.

Are Crescent Cash funds FDIC insured?

When you open a Crescent Cash account, you receive a bank account and banking services from one of our partner banks. Our partner bank(s) will place your funds in deposit accounts at network banks.

How fast can I access my Crescent Cash funds?

Outgoing ACH transfers can be processed the same day if processed before 2 pm CST. Any ACH transfers sent after that will be sent the following business day. Outbound domestic wire transfers typically provide same-day (if the order is provided before 3 pm CST) or next-business-day delivery of funds. Outbound international wires take between 1-5 business days to settle.

OMB's general policy is to allow you to withdraw funds deposited in your account on the first business day after the day we receive your deposit. Funds from electronic deposits will be available on the day we receive the deposit. In some cases, we may delay your ability to withdraw funds beyond the first business day. Then, the funds will generally be available by the second business day after the day of deposit.

Subject to funds availability.

Are Crescent Cash accounts held in my name?

Yes. Your custody account is held solely in your name – Crescent never accesses your cash investments, but merely provides you ability to transact on your account and view your statements digitally.

How long does it take to get started on Crescent Cash?

Crescent Cash applications generally take less than 10 minutes to complete if you have all the information available and ready to provide. Applications are typically processed in 1-2 business days. Get started here: https://account.crescent.app/sign-up

Business banking that earns you more.

Book a Demo Get Started Now

Earn up to 4.40% annual percentage yield* in a checking account and access millions in aggregate FDIC insurance across network banks.†


Crescent Financial Inc. is a financial technology company, not an FDIC-insured depository institution. Banking services are provided by OMB Bank, Member FDIC. Subject to the terms of the applicable ICS Deposit Placement Agreement, OMB Bank will place deposits at FDIC-insured institutions through IntraFi’s ICS service. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.
Rate SheetContact
Flexa
Crescent Privacy Policy
Terms & Conditions
Terms of Use
* APY = Annual Percentage Yield. Issued APY rate as of 11/08/2024 is up to 4.40% APY. APY and interest rates are subject to change.

† Deposit placement through an IntraFi service is subject to the terms, conditions, and disclosures in applicable agreements. Deposits that are placed through an IntraFi service at FDIC-insured banks in IntraFi’s network are eligible for FDIC deposit insurance coverage at the network banks.The depositor may exclude banks from eligibility to receive its funds. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one bank, a depositor’s balances at the institution that places deposits may be uninsured. The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through an IntraFi service satisfies any restrictions on its deposits. IntraFi, ICS, and IntraFi Cash Service are registered service marks of IntraFi LLC.

Your profile with Crescent and all services provided to you by Crescent are subject to the Terms of Use (the “Terms”) and other applicable terms and no other representations or warranties, express or implied, are provided to you except as expressly set forth in the Terms. If you have any questions regarding your Crescent Cash profile, please contact support@crescent.app.
Copyright © 2024 Crescent Financial. All rights reserved.