Discover Cadence Bank: Your Go-To Community Banking Review!

With around 415 branches spread across the Southeast and Texas, Cadence Bank is your go-to regional banking partner. They provide an extensive array of financial products, from personal and business banking to commercial lending and investment services. If you value a community-based approach to banking, Cadence is the right choice for you!

Explore Cadence Bank’s Checking Accounts

At Cadence Bank, you can select from six distinct checking accounts that cater to various financial needs. Whether you’re looking for Performance, My Way, or Interest Plus Checking, you’ll find options that even earn interest! Dive into a world where every account comes with a debit card, bill pay, and online budgeting tools!

• My Way, Performance, My Way for Students, and Heritage Checking require just a $50 minimum deposit.
• Interest Plus Checking needs a minimum deposit of $1,000.
• Performance, Interest Plus, and Heritage Checking accounts earn interest.
• All accounts, except the Student account, have a monthly maintenance fee that can be waived when requirements are met.
• Heritage Checking is specifically designed for seniors.

Cadence Bank Savings Accounts

Cadence Bank presents four attractive savings account options: My Goal Savings, Performance Savings, Select Savings, and Young Savers. With low minimum deposits required, these accounts also earn interest. For instance, the My Goal Savings requires only a $100 minimum deposit, and you can waive the $5 monthly fee by maintaining a balance of $100 or more.

• Each savings account allows up to six free transactions monthly, with a $5 fee for any additional transactions.
• Performance Savings lets you earn interest on balances up to $100,000.
• Young Savers accounts are perfect for those under 18, needing just a $25 minimum deposit with no monthly fees.
• Expect a debit card and bill pay access with every savings account.

Certificates of Deposit (CDs) at Cadence Bank

Cadence Bank provides a variety of CD options with minimum opening balances ranging from $1,000 to $5,000 and terms spanning from one month to five years. Enjoy the peace of mind that comes with FDIC insurance for your deposits!

• CD terms vary from one month to five years.
• Minimum opening deposit starts at $1,000.
• Promotional rates are available; for example, a 5-month CD offers an enticing APY when opened with a minimum of $25,000 in new funds.
• No monthly maintenance fees on CDs!

Money Market Accounts at Cadence Bank

Cadence Bank features a single money market account with an opening deposit of $1,000. To avoid the $10 monthly service fee, simply maintain a daily balance of $10,000. This account offers tiered interest rates, providing additional rewards for higher balances!

• Minimum opening deposit of $1,000.
• Interest rates are established according to balance tiers.
• Six transactions are free each month; subsequent transactions incur a $10 fee.
• Easy access via debit card and ATM services.

Your Banking Journey with Cadence Bank

Cadence Bank prioritizes community engagement with approximately 415 branches across the Southeast and Texas. They offer a rich tapestry of financial services, including personal banking, business solutions, and wealth management opportunities. Their mission is deeply rooted in community development, investing in initiatives that empower individuals through financial literacy.

While the Better Business Bureau has received feedback from customers that highlights some areas for improvement, Cadence Bank maintains a B- rating. You can connect with customer service by calling 1-800-636-7622 or 1-888-797-7711, available Monday through Friday from 7 a.m. to 8 p.m. CT, and Saturday from 7 a.m. to 5 p.m. CT.

Experience cutting-edge banking with Cadence Bank’s digital platform! Their mobile app boasts a stellar rating of 4.7 out of 5 stars on Google Play and 4.8 out of 5 stars on the Apple Store.

How Cadence Bank Stands Out

Curious about how Cadence Bank measures up against its competitors? Here’s a quick comparison for you:

Cadence Bank vs. SoFi®

SoFi is a digital bank offering a savings account with no minimum deposit, allowing you to earn competitive APY rates. In contrast, Cadence Bank provides both digital and personal banking options, ensuring you receive excellent service with an in-person touch. While SoFi’s transparency and convenience may be attractive, Cadence Bank offers a robust banking experience with a community feel.

Cadence Bank vs. Sallie Mae Bank

Sallie Mae Bank focuses on high-yield savings accounts and competitive CDs, primarily through online banking with no physical branches. They offer attractive APY rates without requiring a minimum balance. While Cadence Bank may not disclose their savings account APYs online, they offer the advantage of in-person banking and a variety of financial solutions. Your choice will depend on your banking preferences.

Cadence Bank vs. Wells Fargo

Wells Fargo boasts a national footprint with numerous branches and ATM access, offering a comprehensive suite of services to cater to customers seeking convenience across the country. Cadence Bank, with its unique local charm, provides similar financial services but operates with a smaller geographic footprint.

Final Thoughts

Cadence Bank is an ideal option for those in the Southeast and Texas looking for a regional bank that offers a wide array of personal and business banking services. While they provide a solid selection of financial products, be mindful of the higher balance requirements for fee waivers and the limited geographical presence, which may lead some to explore other banking options.

Rates are subject to change; unless otherwise noted, updates are made periodically. All information on accounts is accurate as of Dec. 18, 2024.

This content does not represent any entity covered in this article. All opinions, analyses, reviews, ratings, or recommendations expressed are solely those of the author and have not been reviewed or endorsed by any entity mentioned.