Crescent is a wealth-building finance app making high-yield interest accessible to all. We offer 100x higher interest rates on your money with up to 6% APY, no minimums, no hidden fees, no nonsense. You can increase your interest by activating boosts & support the causes you care about with our Social Impact feature, paid out of our pocket, not yours.
Your deposits are instantly converted to US Dollar Coin (USDC). 1 USDC = $1 Dollar. We build on top of USDC technology that enables higher interest rates, faster transfers, and no fees.
All deposits in Crescent are converted into US Dollar Coin (USDC) and lent out to regulated institutions. Because of significant borrowing demand for USDC, institutions are willing to pay higher interest rates for access. Crescent converts that demand into higher interest for our users.
Yes. All assets deposited in Crescent are lent out in partnership with trusted and regulated institutions. All loans are overcollateralized or "covered", meaning our partners hold additional reserves (at least 125% of the principal) that protects your principal deposit value.*
You can withdraw your funds at any time from the home screen. Withdrawals take 1-5 days before your funds arrive in your bank account. Most arrive within 3 days.
While many institutions make money from charging account fees, we do not. Instead, Crescent takes a small percentage of the earnings from our lending partners, and passes the rest on to you. This means our Crescent members get access to 100x higher interest rates without fees. Or more simply put — we earn, when you earn.
Keeping your money safe and secure is our top priority. As with all digital assets that empower better tools and services, funds on Crescent are not FDIC or SIPC insured. The product is not zero-risk, however, here is how we ensure the risks are as low as possible.
Safety and security is our top priority for customers. Our team works hard to make sure all information and transactions are as secure as possible.
At the account level, we encrypt all user data using the AES-256 standard and protect accounts at the highest level with a personal PIN number and two-factor authentication (2FA). This ensures that access to your account is as secure as other finance and payment apps such as Venmo or Robinhood. For additional user safety, we stick to stringent KYC standards to avoid fraudulent users and regularly audit activity on the app to flag suspicious behavior.
On the account side, we manage all bank connections securely with Plaid, the industry leader in bank integrations. Whenever you add a bank account or card to Crescent, Plaid facilitates the connection through its secure servers. This is the same banking integration used by hundreds of financial services including Venmo and American Express.
Complete Missions within the app to unlock Boosts and earn more interest for free. By completing steps such as referring friends, surpassing a deposit milestone, or automating your deposits, you can temporarily boost your interest rate. Tip: Boosts can be stacked and activated at the same time.
Social Impact is a feature that allocates a portion of Crescent's earnings to the cause of your choice, designated by our users. All Crescent members can activate social impact within the app by selecting an organization and tapping the "activate" button.
Once signed up, waitlist members can complete the Founder's Series Missions to gain early access to the app, and unlock limited edition rewards like a 6% APY Boost once they gain access to the app, Crescent merch, and other rewards.
Because Crescent is a regulated financial company, we must comply with all Know Your Customer (KYC) and Anti-Money Laundering (AML) best practices. All data submitted during this process is processed securely.
Crescent was built for startups and businesses alike. We currently serve US-based businesses. Curious about what offerings you qualify for? Don’t hesitate to reach out.
We don’t take client security lightly here at Crescent.
All account data is secured using AES-256 encryption. To ensure security at the human level, Crescent supports two-factor authentication and allows administrators to grant specific account permissions to different users.
Crescent does not charge its customers any fees. Crescent receives compensation from third-party partners when you use their products or services. Third-party partners may charge separate fees for their products or services.
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