About Cadence Bank
Cadence Bank was founded in 1876 in Verona, Mississippi. Throughout the years, the bank acquired and merged with several banks until 2021, when the bank completed its merger with Cadence Bancorporation. In 2022, the bank rebranded itself as Cadence Bank.
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Cadence Bank Overview
Cadence Bank is a regional bank that operates more than 400 branches and ATMs in Alabama, Arkansas, Florida, Georgia, Illinois, Louisiana, Mississippi, Missouri, Oklahoma, Tennessee, and Texas. The bank offers competitive APYs on a few of its CDs and one of its checking accounts. Most non-CD accounts require minimal opening deposits and monthly service charges that can be waived by meeting certain balance requirements. The bank offers a wide variety of banking products, such as CDs, checking, money market, and savings accounts.
| Numerous checking and savings options. | ATMs are only available at the branches. |
| Most monthly service charges can be easily waived. | Most accounts offer APYs that are at or below their respective national averages. |
| More than 400 branches in 11 states in the Southern U.S. |
Cadence Bank Product Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Cadence Bank offers CDs with terms varying from one month up to five years. Most CDs offer APYs at or below their respective national averages, with minimum opening deposits between $1,000 and $5,000. Here are some of their best CD offerings for the month! and 2025:
Checking Accounts
Cadence Bank offers several different business and personal checking accounts. Most of the checking accounts offer APYs below the national average of 0.01% for checking accounts. Although all accounts offer below-average APYs, they also offer relatively low minimum opening deposits along with monthly service charges that can be waived by meeting certain balance requirements. Here are the latest account details for April 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. Cadence Bank offers two money market accounts for business and personal customers. Both accounts are similar and require a relatively high balance to waive the monthly service charge. Here are the account details for April 2025:
Savings Accounts
A savings account is a type of bank account that allows you to save your money while earning interest. Cadence Bank offers a few different savings accounts for business and personal customers. All are interest-bearing and allow up to six fee-free withdrawals per month. Each excess withdrawal will be assessed a $5 fee. Here are the latest savings account details for April 2025:
Bank Fees
Overdraft fee: $36
Savings and Money Market Account withdrawal fee: $5-$10
Account closure fee: None
Wire transfer fee: Domestic - Incoming is $15 and outgoing is $20; International - Incoming is $15 and outgoing is $25
Non-network ATM fee: $4
Monthly service charge: $2.50-$15 depending on the type of account
Stop payment fee: $36
Paper statement fee: $2
Cadence Bank Features
Cadence Bank's customer service line is available Monday through Friday from 7 a.m. to 8 p.m. CST. and on Saturdays from 7 a.m. to 5 p.m. CST. The bank offers an automated telephone line that is available 24 hours a day, 7 days a week, for basic account information and changes. Cadence Bank operates more than 400 branches in Alabama, Arkansas, Florida, Georgia, Illinois, Louisiana, Mississippi, Missouri, Oklahoma, Tennessee, and Texas. The bank also offers a mobile app for Peer-to-Peer transactions via Zelle to process transactions and manage your bank account.
Cadence Bank FAQs
Our Take
Cadence Bank is headquartered in Mississippi and operates more than 400 branches in Alabama, Arkansas, Florida, Georgia, Illinois, Louisiana, Mississippi, Missouri, Oklahoma, Tennessee, and Texas. The bank's ATM network is limited to its branches, which currently stands at 414. It does offer numerous CD, checking, money market, and savings accounts for business and personal customers, some of which offer competitive APYs, such as the Performance Checking account and its promotional 8-Month CD. As with many other regional banks, Cadence Bank may be a good option for residents of the states it operates in and those within a short distance of one of the more than 400 branches the bank operates.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.