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Crescent Rate Information

The current rate for a checking account provided by FirstBank, a Tennessee corporation; Member FDIC is 4.75% as of 2/26/24. Deposits are FDIC-insured up to $125M.

The current rate for a checking account provided by Third Coast Bank SSB; Member FDIC is 4.75% as of 2/26/24. Deposits are FDIC-insured up to $50M.

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Crescent is a financial technology company, not a bank. Banking services provided by FirstBank, a Tennessee Corporation, Member FDIC. †
Advisory services are offered through Atomic Invest LLC (“Atomic Invest”), an SEC-registered investment advisor, member SIPC. Atomic Invest was previously known as Helium Advisors LLC. Brokerage services are provided by BNY Mellon Pershing, member SIPC, through a clearing and custody relationship with Atomic Invest. Atomic Invest manages and executes investments on behalf of customers.
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* APY = Annual Percentage Yield. Issued APY rate as of 2/26/2024 is 4.75% APY.

† By creating a Crescent Cash profile and  choosing to receive banking services provided by FirstBank, a Tennessee corporation, Member FDIC (“FirstBank”), your funds will be deposited into an  account at FirstBank, which sweeps those funds into deposit accounts across a network of FDIC-insured banks, for up to the current SMDIA of $250,000 per eligible depositor, per destination institution, for each ownership capacity or category, subject to applicable terms and conditions FirstBank’s ICS Deposit Placement Agreement. FirstBank uses a third-party vendor and agent to help administer this sweep process.  Visit https://www.intrafi.com/network-banks/ for a list of the banks and savings associations with which FirstBank has a business relationship for the placement of deposits at destination institutions, and into which your deposits may be placed (subject to applicable terms with you, and any opt-outs by FirstBank or you). The current limit for access to FDIC insurance on your funds deposited through your Crescent Cash profile powered by FirstBank is $125 million, subject to change at any time by FirstBank. Terms and restrictions apply. Subject to applicable rate sheet. Interest rates and yields are effective as per the date on the ratesheet and are subject to change without notice.

FDIC insurance coverage is only available to protect you against the failure of an FDIC-insured bank that holds your deposits (and does not protect you against the failure of Crescent or another third party). 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.

1 Non-deposit investment products are not insured by the FDIC and are not obligations of, or guaranteed by FirstBank. All non-deposit investments are subject to investment risk.