Dedicated to Deposits: Deals, Data, and Discussion

2.40% 18-Month CD & 3.40% 44-Month CD at Crescent Bank & Trust in Louisiana - Local Only

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Crescent Bank
Crescent Bank & Trust has several competitive CD rates. There are five CD specials, but many of its standard CDs are actually more competitive. These include a 2% APY 12-month CD, a 2.40% APY 18-month CD and a 3.15% APY 36-month CD. Minimum deposit is $1,000. The most competitive CD special is the 44-month CD with a 3.40% APY. Minimum deposit is $5,000. These rates are listed in the bank's rate table as of 1/08/2010.

A branch visit is required to open accounts. Branches that can process CD applications are located in New Orleans, Metairie, Alexandria, Covington and Shreveport, Louisiana.

The bank's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial (based on 9/30/09 data) and 3 stars (performing) at Bankrate.com (based on 6/30/09 data). The bank has been a FDIC member since 1991 (FDIC Certificate # 33492).

Other Competitive Certificate of Deposit Rates
  Tags: Louisiana, CD rates, Crescent Bank

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Comments
Comment #1 by Anonymous posted on
Anonymous
I went in to a bank branch yesterday. They were strangely unprofessional - no documents or brochures describing the rules of the CD or even checking accounts.

The teller told me verbally there is a 180 day early withdrawal penalty on the 44 month 3.4% deal. She also said the main way to get your money back when the CD ends is by printed check via mail.

I opted not to open the CD and went with PenFed instead for 15 basis points less. I just have better feelings about customer service and receiving my money back after maturity.

I read a little about this bank - it appears mainly to make car and house loans. From the borrower side there are lots of complaints about loan servicing and customer service.

I'm not saying avoid this deal, just do your research.

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