Featured Savings Rates
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Crestmark Bank

Popular Accounts at this Bank

2.00%1-year CD12 Month CD
1.90%6-month CD6 Month CD
2.05%18-month CD18 Month CD

Overview / Commentary
5480 Corporate Drive, Suite 350
Troy, MI 48098

Crestmark Bank is headquartered in Troy and is the 12th largest bank in the state of Michigan. It is also the 680th largest bank in the nation. It was established in 1996 and as of September of 2017, it had grown to 317 employees at 1 location. Crestmark Bank's CD rates are 2X the national average, and it has a B+ health rating.

Related Posts

Crestmark Bank Leads With 12-month CD - 11/30/2017

Crestmark Bank's nationally available 12-month CD now earns an impressive 1.80% APY. Minimum deposit is $25k, with no stated balance cap.

Crestmark Bank Offers Top-Rate Nationally Available Short-Term CDs - 11/25/2017

Crestmark Bank has raised the rates on its nationally available 6-month CD (1.62% APY) and 9-month CD (1.65% APY). The minimum opening deposit is $25k.

Crestmark Bank Has Top-Rate, Nationally Available CDs - 7/14/2017

Crestmark Bank is offering nationally available CDs: 6-month,1.50% APY; 9-month,1.55% APY; 12-month, 1.70% APY; 18-month,1.75% APY. $25k min/$250k max deposit.

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Reviews (5)

New Account

Posted by: MCw | Feb 15, 2018

I am new with Crestmark. They don't work like other online banks. I just learned that they will not open your account till they receive your money first. And they don't do two micro deposit to verify your account. You have to initiate ACH from your other bank and ACH or wire money to an account number listed on line. I guess it is a common account number for all new accounts. I feel somewhat spooky and insecure. Should I go ahead to ACH or wire like this?

Great Rates..BUT!

Posted by: CBR | Jul 31, 2017

Unfortunately they don't compound interest on CD accounts. That's to bad.

Uneasy Feeling About This Bank

Posted by: uncle | Oct 27, 2017

When I filled out the online form for a cd I had a question and called the 800 number and no one answered so I hung up and tried later and was asked to leave a message which I did and no one called back. In early October I opened 2 cds and by the third week of October no word from Crestmark. I made a few attempts to call and speak to someone and when I got through I was told they don't mail or email confirmations on opening cds. What are the certificate numbers, what are the maturity dates, did you get the check?

Questionable Security

Posted by: Maxman | Jul 31, 2017

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.

Suspect Financial Bank

Posted by: Rep | Dec 12, 2017

I live a few miles away and can not even open an account there. One has to email them only! I just don't trust a bank that I can't get walk in service or my money if need be right away.


Health Grade Components

FDIC Certificate #34353
Year Established1996
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.11%
Return on Equity - YTD21.15%
Annual Interest Income$70.9MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$1.11B$876.1MM
LoansQ3 2017vs Q3 2016$848.3MM$655.5MM
DepositsQ3 2017vs Q3 2016$939.5MM$714.0MM
Equity CapitalQ3 2017vs Q3 2016$107.7MM$91.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$10.1MM$9.1MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$14.9MM$10.2MM
Real Estate OwnedQ3 2017vs Q3 2016$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Crestmark Bank CD Rates

2.50%$25k-60 Month CD
2.30%$25k-48 Month CD
2.20%$25k-36 Month CD
2.10%$25k-24 Month CD
2.05%$25k-18 Month CD
2.00%$25k-12 Month CD
1.95%$25k-9 Month CD
1.90%$25k-6 Month CD
1.70%$25k-3 Month CD
1.25%$25k-2 Month CD
1.05%$25k-1 Month CD

Crestmark Bank Locations
Crestmark Bank5480 Corporate Drive, Suite 350Troy, MI 48098