Welcome to high interest business banking

Earn 5.25% APY* in a checking account
and access up to $125M in FDIC insurance.

Crescent Financial Inc. is a financial technology company, not an FDIC-insured depository institution. All deposit products and services are provided by FirstBank, a Tennessee Corporation, Member FDIC. Funds in your deposit account are insured up to $250,000. However, FirstBank has the capability to place up to $125 million in other depository institutions that are insured by the FDIC. The FDIC's deposit insurance coverage only protects against the failure of the FDIC-insured depository institution.

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

Earning millions in interest for companies just like yours:

Building a better home for business capital.

Protect principal, maximize earnings, and gain visibility into your business capital.
Crescent Cash

Earn 5.25% APY 
on every dollar

Crescent Cash accounts unlock top rates for your deposits through our bank partnerships.

Experience peace of mind with our transparent interest rates, which track to the Federal Funds rate, ensuring your earnings align with market dynamics while consistently delivering some of the most competitive rates.

To put it in perspective: letting $1 million idle in a checking account with 0.00% APY interest could mean forgoing $52,500 in potential earnings each year.

Crescent Financial Inc. is a financial technology company, not an FDIC-insured depository institution. All deposit products and services are provided by FirstBank, a Tennessee Corporation, Member FDIC. Funds in your deposit account are insured up to $250,000. However, FirstBank has the capability to place up to $125 million in other depository institutions that are insured by the FDIC. The FDIC's deposit insurance coverage only protects against the failure of the FDIC-insured depository institution.

Protection for your deposits

Protect your business capital with up to $125M in FDIC insurance while earning 5.25% APY on your entire checking account balance.

Mitigate banking concentration risk by distributing your cash across a network of FDIC-insured banks in increments of up to $250,000 per bank per account ownership type.

With Crescent, this enhanced protection is streamlined into a single account on our dashboard. Simply deposit cash and start earning automatically.

Crescent Financial Inc. is a financial technology company, not an FDIC-insured depository institution. All deposit products and services are provided by FirstBank, a Tennessee Corporation, Member FDIC. Funds in your deposit account are insured up to $250,000. However, FirstBank has the capability to place up to $125 million in other depository institutions that are insured by the FDIC. The FDIC's deposit insurance coverage only protects against the failure of the FDIC-insured depository institution.

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Automatically enhance your returns

Looking for more than just high-yield banking? We have you covered.

Diversify and secure your business's investment strategy with access to both U.S. Treasury Bills and Money Market Funds through Crescent's brokerage platform1. These safe assets offer a solid foundation for stability and reliability.

Simplify your investment process while ensuring continuous growth with our auto-roll feature, providing a blend of stability and ease without the need for manual reinvestment.

Get started in minutes

Crescent Financial Inc. is a financial technology company, not an FDIC-insured depository institution. All deposit products and services are provided by FirstBank, a Tennessee Corporation, Member FDIC. Funds in your deposit account are insured up to $250,000. However, FirstBank has the capability to place up to $125 million in other depository institutions that are insured by the FDIC. The FDIC's deposit insurance coverage only protects against the failure of the FDIC-insured depository institution.

Security and Compliance

Built on bank-grade security and powered by the most trusted partners across finance and technology — we work tirelessly to ensure platform security.

Features

Continuous testing for ongoing SOC 2 compliance

Features

Two-factor authentication for enhanced account security

Features

Sensitive information protected by end-to-end encryption

Proud partners of

Members only community of 800+ top operators at leading tech companies across the globe with 10,000 combined years of operator experience.

An independent, invitation-only community for CFOs of high growth companies and funds. This community includes 750 top CFOs from leading tech companies.

F.A.Q.

Find answers to all your questions related to Crescent

What is Crescent?

Crescent is an online business banking platform built for business capital. We offer Crescent Cash, which currently earns 5.25% APY on your entire checking account balance and can arrange for up to $125M in FDIC insurance through our partner banks and their sweep networks. When you open a Crescent Financial Inc. business checking account through the Crescent Financial Inc. online banking platform, you are choosing to receive a bank account and banking services from FirstBank, a Tennessee Corporation, Member FDIC.

Through our affiliate Atomic Invest, we offer U.S. Treasury Bills and Money Market Funds on Crescent's brokerage platform1 which is maintained in your company's name at BNY Mellon Pershing, the leading custodian with over $2 trillion in assets.

What do I need to open an account?

Your company will need to provide a certificate of formation, an employer identification number issued by the Internal Revenue Service,  and the names, physical addresses, dates of birth, and social security numbers for each person who owns or controls 25% or more of the voting shares of the company (i.e., beneficial owners). The federal government requires the customer to obtain this information before the bank can open an account for your company. Unless exempt, you are required by law to provide the names and other information to the Department of Treasury’s FinCEN at https://www.fincen.gov/boi.

Does Crescent charge any fees?

Crescent does not charge any account opening fees, transfer fees, or minimum balance fees. For the brokerage offerings, we charge a 0.01% per month all-in fee for custody and clearing provided by BNY Mellon Pershing LLC, which includes the fees charged by our partners.

How can I contact Crescent?

Reach out to our Crescent Concierge at support@crescent.app with any questions or to open an account..

Where are my Crescent Cash funds kept?

Your funds are deposited in a business banking account at FirstBank, a Tennessee Corporation, Member FDIC. FirstBank and its sweep network are able to sweep amounts in your Crescent Cash account that exceed $250,000 (the standard maximum deposit insurance amount, or SDMDI) to other FDIC-insured depository institutions so that a Crescent Cash account at FirstBank can provide up to $125M in FDIC insurance without requiring you to open and manage separate bank accounts. Each FDIC-insured depository institution will have no more than $250,000 per depositor, per account ownership category.

Are Crescent Cash funds FDIC insured?

When you open a Crescent Financial Inc. business account using the Crescent FinancialInc. online banking platform, you receive a bank account and banking services from FirstBank, a Tennessee Corporation, Member FDIC. If the amount in your Crescent Cash account at FirstBank exceeds $250,000 (the current FDIC standard maximum deposit insurance amount or "SMDIA"), FirstBank will, subject to the terms and conditions of FirstBank's ICS Deposit Placement Agreement, arrange to sweep the amount in excess of the $250,000 SMDIA to a network of FDIC-insured banks so that each FDIC-insured bank will have no more than $250,000 per depositor, per account ownership category.

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)..

How fast can I access my Crescent Cash funds?

Outgoing ACH transfers can be processed the same day if processed before 2 pm CST. Any ACH transfers sent after that will be sent the following business day. Outbound domestic wire transfers typically provide same-day (if the order is provided before 3 pm CST) or next-business-day delivery of funds. Outbound international wires take between 1-5 business days to settle.

Are Crescent Cash and Crescent Brokerage accounts held in my name?

Yes. Your custody account is held solely in your name – Crescent never accesses your cash or brokerage investments, but merely provides you ability to transact on your account and view your statements digitally.

What types of securities can I purchase through a Brokerage account?

You can purchase Money Market Funds and Treasury Bills1, custodied at BNY Mellon Pershing LLC. Please review the terms and conditions for the BNY Mellon Pershing LLC brokerage account for more details on available investments and fees. Funds in your brokerage account are not FDIC-insured, not guaranteed by any bank, and may lose value.

How long does it take to get started on Crescent Cash?

Crescent Cash applications generally take less than 10 minutes to complete if you have all the information available and ready to provide. Applications are typically processed in 1-2 business days. Get started here: https://account.crescent.app/sign-up

Business banking that earns you more.

Interest earning
65x
more than avg APY2



Access up to
$125M
in FDIC insurance