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WELCOME TO HIGH INTEREST BUSINESS BANKING
‍

Earn 5.25% annual percentage yield* in a checking account and access millions in
aggregate FDIC insurance across network banks.†


Get Started Now
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Crescent Financial Inc. is a financial technology company, not an FDIC-insured
depository institution. Banking services are provided by FirstBank, a Tennessee
Corporation, Member FDIC. Subject to the terms of the applicable ICS Deposit
Placement Agreement, FirstBank will place deposits at FDIC-insured institutions
through IntraFi’s ICS service. A list identifying IntraFi network banks appears
at https://www.intrafi.com/network-banks. Certain conditions must be satisfied
for “pass-through” FDIC deposit insurance coverage to apply. To meet the
conditions for pass-through FDIC deposit insurance, deposit accounts at
FDIC-insured banks in IntraFi’s network that hold deposits placed using an
IntraFi service are titled, and deposit account records are maintained, in
accordance with FDIC regulations for pass-through coverage.

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.


EARN 5.25% ANNUAL PERCENTAGE YIELD
ON EVERY DOLLAR

Crescent Cash accounts unlock top interest 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 APY.
‍
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. Banking services are provided by FirstBank, a Tennessee
Corporation, Member FDIC. Subject to the terms of the applicable ICS Deposit
Placement Agreement, FirstBank will place deposits at FDIC-insured institutions
through IntraFi’s ICS service. A list identifying IntraFi network banks appears
at https://www.intrafi.com/network-banks. Certain conditions must be satisfied
for “pass-through” FDIC deposit insurance coverage to apply. To meet the
conditions for pass-through FDIC deposit insurance, deposit accounts at
FDIC-insured banks in IntraFi’s network that hold deposits placed using an
IntraFi service are titled, and deposit account records are maintained, in
accordance with FDIC regulations for pass-through coverage.



PROTECTION FOR YOUR DEPOSITS

Protect your business capital with highest per depositor capacity protection†
while earning 5.25% annual percentage yield 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. Banking services are provided by FirstBank, a Tennessee
Corporation, Member FDIC. Subject to the terms of the applicable ICS Deposit
Placement Agreement, FirstBank will place deposits at FDIC-insured institutions
through IntraFi’s ICS service. A list identifying IntraFi network banks appears
at https://www.intrafi.com/network-banks. Certain conditions must be satisfied
for “pass-through” FDIC deposit insurance coverage to apply. To meet the
conditions for pass-through FDIC deposit insurance, deposit accounts at
FDIC-insured banks in IntraFi’s network that hold deposits placed using an
IntraFi service are titled, and deposit account records are maintained, in
accordance with FDIC regulations for pass-through coverage.





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.

CONTINUOUS TESTING FOR ONGOING SOC 2 COMPLIANCE

TWO-FACTOR AUTHENTICATION FOR ENHANCED ACCOUNT SECURITY

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% annual percentage yield on your
entire checking account balance and can arrange for millions in aggregate FDIC
insurance across network 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.

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.

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?


Crescent Financial Inc. is a financial technology company, not an FDIC-insured
depository institution. Banking services are provided by FirstBank, a Tennessee
Corporation, Member FDIC. Subject to the terms of the applicable ICS Deposit
Placement Agreement, FirstBank will place deposits at FDIC-insured institutions
through IntraFi’s ICS service. A list identifying IntraFi network banks appears
at https://www.intrafi.com/network-banks. Certain conditions must be satisfied
for “pass-through” FDIC deposit insurance coverage to apply. To meet the
conditions for pass-through FDIC deposit insurance, deposit accounts at
FDIC-insured banks in IntraFi’s network that hold deposits placed using an
IntraFi service are titled, and deposit account records are maintained, in
accordance with FDIC regulations for pass-through coverage.

Are Crescent Cash funds FDIC insured?


When you open a Crescent Financial Inc. business account using the Crescent
Financial Inc. 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 accounts held in my name?


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


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.

Book a Demo Get Started Now






EARN 5.25% ANNUAL PERCENTAGE YIELD* IN A CHECKING ACCOUNT AND ACCESS MILLIONS IN
AGGREGATE FDIC INSURANCE ACROSS NETWORK BANKS.†



Crescent Financial Inc. is a financial technology company, not an FDIC-insured
depository institution. Banking services are provided by FirstBank, a Tennessee
Corporation, Member FDIC. Subject to the terms of the applicable ICS Deposit
Placement Agreement, FirstBank will place deposits at FDIC-insured institutions
through IntraFi’s ICS service. A list identifying IntraFi network banks appears
at https://www.intrafi.com/network-banks. Certain conditions must be satisfied
for “pass-through” FDIC deposit insurance coverage to apply. To meet the
conditions for pass-through FDIC deposit insurance, deposit accounts at
FDIC-insured banks in IntraFi’s network that hold deposits placed using an
IntraFi service are titled, and deposit account records are maintained, in
accordance with FDIC regulations for pass-through coverage.


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Crescent Privacy Policy

FirstBank Privacy Policy

Terms & Conditions

FirstBank Customer Agreement

Terms of Use
* APY = Annual Percentage Yield. Issued APY rate as of 8/1/2024 is 5.25% APY.
APY and interest rates are subject to change.

† Deposit placement through an IntraFi service is subject to the terms,
conditions, and disclosures in applicable agreements. Deposits that are placed
through an IntraFi service at FDIC-insured banks in IntraFi’s network are
eligible for FDIC deposit insurance coverage at the network banks.The depositor
may exclude banks from eligibility to receive its funds. To meet the conditions
for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks
in IntraFi’s network that hold deposits placed using an IntraFi service are
titled, and deposit account records are maintained, in accordance with FDIC
regulations for pass-through coverage. Although deposits are placed in
increments that do not exceed the FDIC standard maximum deposit insurance amount
(“SMDIA”) at any one bank, a depositor’s balances at the institution that places
deposits may be uninsured. The depositor must make any necessary arrangements to
protect such balances consistent with applicable law and must determine whether
placement through an IntraFi service satisfies any restrictions on its deposits.
IntraFi, ICS, and IntraFi Cash Service are registered service marks of IntraFi
LLC.

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.

‍
FirstBank’s general policy is to allow you to withdraw funds deposited in your
account on the first business day after the day we receive your deposit. Funds
from electronic deposits will be available on the day we receive the deposit. In
some cases, we may delay your ability to withdraw funds beyond the first
business day. Then, the funds will generally be available by the SECOND business
day after the day of deposit.
Copyright © 2024 Crescent Financial. All rights reserved.