Cadence Bank: 2025 Review

If you're searching for reliable banking options in 2025, Cadence Bank is worth considering. This review explores the bank’s financial strength, range of deposit products such as checking accounts, savings accounts, and CDs, along with their annual percentage yields (APYs). We’ll also examine customer ratings and the mobile app experience to help you make an informed decision.

Assessing Financial Stability of Cadence Bank

Understanding the financial strength of a bank is essential before opening an account. Cadence Bank has displayed resilience and stability over the years, highlighted by its recent performance metrics. For instance, the bank’s Tier 1 capital ratio has remained above 10%, exceeding the federally mandated minimum of 4%, indicating strong financial health.

Cadence Bank, who is a member of FDIC boasts a diversified asset base, crucial for risk management. This diversity not only protects the bank's bottom line but also provides a range of services that meet different customer needs. The bank's credit ratings from agencies like Moody's and Standard & Poor's are also solid, with ratings around BBB, showcasing confidence in its business model.

In 2023, Cadence Bank reported a 15% increase in its total assets compared to the previous year, demonstrating growth and stability in fluctuating market conditions.

Range of Deposit Products

A bank's deposit products are a key aspect of its offerings. Cadence Bank provides a variety of options, including checking accounts, savings accounts, and certificates of deposit (CDs). Each product features distinct advantages and competitive APYs.

Checking Accounts

Cadence Bank's checking accounts cater to various needs. With no monthly maintenance fees and free online banking, many customers choose their checking solutions. For example, their standard checking account offers an APY of 0.05%, while the interest-bearing options provide an APY closer to 0.10%. While these rates may not be the highest available, they balance convenience and quality service.

Additionally, features like mobile check deposit and access to ATMs across the country streamline the banking experience for customers.

Savings Accounts

Cadence Bank encourages customers to grow their savings efficiently. Their regular savings account generally offers an APY of 0.25%, significantly higher than the national average of around 0.06%. For individuals looking to maximize their interest earnings, Cadence offers premier savings accounts with tiered APYs that reward higher balances. For instance, balances over $10,000 can earn up to 0.75%, incentivizing more substantial savings.

Certificates of Deposit (CDs)

Aiming for a low-risk investment? Cadence Bank’s CDs are worth exploring. The bank offers a range of CD terms from 6 months to 5 years, with APYs ranging from 1.00% to 2.00%. For example, a 12-month CD currently offers an APY of 1.50%, making it a competitive option in a low-rate environment. Locking in these rates can be a prudent way to manage risk while earning interest.

Customer Experience Ratings

Customer feedback plays a significant role in evaluating Cadence Bank. Reviews from sites like Trustpilot and Google Reviews generally reflect positive experiences. With an average rating of 4.2 out of 5 stars, customers often highlight the bank's responsive customer service, efficient transactions, and excellent accessibility.

However, some users have noted longer wait times for in-branch services and occasional online banking glitches. Despite these criticisms, the majority of reviews emphasize high satisfaction, implying that Cadence Bank effectively meets most customer needs.

User-Friendly Mobile App

In today's digital age, the mobile app experience is vital. Cadence Bank has focused on creating a user-friendly mobile platform. Features include balance checking, mobile deposits, bill payments, and fund transfers, making it easy to manage finances on the go.

Customers appreciate the straightforward navigation of the app, making banking accessible even to those less comfortable with technology. Security features, like two-factor authentication, provide additional peace of mind.

Some users have suggested improving performance speed and adding more features, but ongoing updates show that the bank is responsive to customer feedback and remains committed to enhancing user experience.

Final Thoughts

Cadence Bank stands out in 2025 as a solid banking option for those seeking financial strength and a variety of competitive deposit products. From checking and savings accounts to attractive CDs, there's something for everyone.

The overall consumer ratings indicate a high level of satisfaction, affirming the bank’s effective customer support. Additionally, the mobile app supplies essential banking tools that cater to today's tech-savvy customers.

Whether you are a seasoned finance enthusiast or a casual saver, Cadence Bank is a valuable option. If you’re looking for a reliable banking partner, Cadence Bank may be the right choice for you.