Crestmark Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.70% | 1-year CD | 12 Month CD 1.35% - Ally Bank High Yield 12-Month CD |
| 1.75% | 18-month CD | 18 Month CD 1.45% - Synchrony Bank 18 Month CD |
| 1.50% | 6-month CD | 6 Month CD 0.38% - National Average |
Crestmark Bank is headquartered in Troy and is the 13th largest bank in the state of Michigan. It is also the 831st largest bank in the nation. It was established in 1996 and as of March of 2017, it had grown to 299 employees at 1 location. Crestmark Bank's CD rates are 89% higher than the national average, and it boasts an A+ health rating.
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Great Rates..BUT!
Unfortunately they don't compound interest on CD accounts. That's to bad.
Questionable Security
Originally contacted Crestmark Bank via email, first thing was using Chrome their website was insecure. They apparently corrected that.
After several communications about handling of Certificates of Deposits and noting there is no online secure site to send/receive secure messages. Completed an online CD application. The final screen has a box to indicate(as I recall) whether an Email is desired of the transaction receipt- that box was left unchecked intentionally.
Regardless, a receipt was sent via email with the entire contents of the application excluding Social Security number, driver's license and a few other details.
The sending of the information to an unsecured email address does not represent an attempt to avoid identity theft.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34353 |
| Year Established | 1996 |
| Employees | 299 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.11% |
| Return on Equity - YTD | 20.64% |
| Annual Interest Income | $21.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $913.1MM$808.2MM |
| Loans | Q1 2017vs Q1 2016 | $681.4MM$589.4MM |
| Deposits | Q1 2017vs Q1 2016 | $755.7MM$670.1MM |
| Equity Capital | Q1 2017vs Q1 2016 | $95.4MM$83.7MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $10.9MM$7.3MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $3.6MM$9.4MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Crestmark Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Crestmark Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.15%* | $100k* | $250k | 60 Month CD | ||
| OTHER TIERS: 1.90% → $25k - $100k | |||||
| 2.05%* | $100k* | $250k | 48 Month CD | ||
| OTHER TIERS: 1.80% → $25k - $100k | |||||
| 2.00%* | $100k* | $250k | 36 Month CD | ||
| OTHER TIERS: 1.75% → $25k - $100k | |||||
| 1.85%* | $100k* | $250k | 24 Month CD | ||
| OTHER TIERS: 1.60% → $25k - $100k | |||||
| 1.75%* | $100k* | $250k | 18 Month CD | ||
| OTHER TIERS: 1.50% → $25k - $100k | |||||
| 1.70%* | $100k* | $250k | 12 Month CD | ||
| OTHER TIERS: 1.45% → $25k - $100k | |||||
| 1.55%* | $100k* | $250k | 9 Month CD | ||
| OTHER TIERS: 1.30% → $25k - $100k | |||||
| 1.50%* | $100k* | $250k | 6 Month CD | ||
| OTHER TIERS: 1.25% → $25k - $100k | |||||
| 1.35%* | $100k* | $250k | 3 Month CD | ||
| OTHER TIERS: 1.10% → $25k - $100k | |||||
| 1.15%* | $100k* | $250k | 2 Month CD | ||
| OTHER TIERS: 0.90% → $25k - $100k | |||||
| 1.00%* | $100k* | $250k | 1 Month CD | ||
| OTHER TIERS: 0.75% → $25k - $100k | |||||
| Crestmark Bank Locations | ||
|---|---|---|
| Crestmark Bank | 5480 Corporate Drive, Suite 350 | Troy, MI 48098 |