Crescent Rate Information

Annual Percentage Yield (APY) of 5.25% is effective as of 8/1/24. This is a variable rate and may change after the account is opened. There is no account minimum required to earn the stated Annual Percentage Yield. Fees may reduce earnings.

Crescent is a financial technology company and is not a bank. Banking services provided by FirstBank, a Tennessee corporation; Member FDIC.

Earn 5.25% 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 FirstBank, a Tennessee Corporation, Member FDIC. Subject to the terms of the applicable ICS Deposit Placement Agreement, FirstBank 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.
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* APY = Annual Percentage Yield. Issued APY rate as of 8/1/2024 is 5.25% 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.
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