Rising Bank Review 2026
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At a glance
Overview
Rising Bank is a newer online division of Midwest BankCentre, a St. Louis-based community bank that brings more than a century’s worth of experience. Because it’s an online-only bank, you won’t find physical branches to visit, but you can withdraw money through Rising Bank’s network of MoneyPass ATMs scattered across the U.S. The bank offers competitive yields for its CDs, savings and checking accounts, but you’ll need to be comfortable doing your banking completely online. There's a big catch, however — you can only withdraw $1,000 per business day from your Rising Bank checking or savings account.
Highlights:
High APY Low FeesHighlights:
CDs
Checking
Savings
Customer Experience
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.6/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.8/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Rising Bank pros and cons
Pros
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Rising Bank offers savers solid rates to build earnings faster.
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There are no monthly fees for its bank products, saving customers money.
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The checking account earns interest if you meet the $1,000 minimum balance requirement.
Cons
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No money market account is available.
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An early closure fee applies for accounts closed within 120 days of opening.
Rising Bank banking products
Rising Bank high-yield savings account
Pros
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The account offers a competitive APY to boost earnings.
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There’s no monthly fee to cut into earnings.
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The account carries FDIC insurance for added protection.
Cons
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There is a higher balance requirement than other banks.
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A dormant activity fee applies if you neglect your account.
Rising Bank offers a solid rate on its high yield savings account, though it only applies to balances of $1,000 or more. There’s no monthly service fee, but there’s a $5 fee if you have no savings account activity for 24 consecutive months.
In terms of savings accounts, there isn't much more to Rising Bank, but that doesn't mean it isn't a strong option. If you're looking for something streamlined with a strong rate, and don't mind the high initial deposit, it could be a good fit.
Rate history for Rising Bank's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Rising Bank CDs
Pros
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Competitive yields on standard CDs.
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A Jumbo CD and three bump-up CDs are available.
Cons
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The two-year jumbo CD only offers slightly more interest than the regular two-year CD.
Rising Bank only offers a handful of CD terms — though several of the most common terms are there. Its standard CDs, ranging from six months to three years, offer very competitive yields for the most part and require $1,000 to open. The three-year CD falls short of the others with a significantly lower APY.
Rising Bank also offers bump-up CDs, called Rising CDs, that let you “bump-up” your APY if interest rates increase. However, these CDs require a much higher deposit, ranging from $5,000 to $10,000. And like most jumbo CDs, the one two-year jumbo CD offered requires a hefty $100,000 deposit. The 18-month Rising CD has a competitive yield.
Interest on all CDs is credited every three months.
Rate history for Rising Bank's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
Rising Checking Account
Pros
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The bank offers a competitive interest rate.
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There is free access to thousands of MoneyPass ATMs nationwide.
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No monthly service fee applies.
Cons
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It requires steeper minimum balances to earn interest than some other banks.
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Can only withdraw $1,000 per day.
Rising Bank offers a checking account that features a high APY as long as you meet the — admittedly high — minimum balance requirement. There are no monthly maintenance fees to cut into your earnings, and the interest rate is competitive if you can earn it. And while they're not as commonly used anymore, you can get your first set of checks for free.
Customer experience
Highly-rated mobile app. Rising Bank offers several resources to help customers manage their money, including online calculators and a mobile banking app. The mobile app is highly rated on Google Play and the Apple App Store, although neither app has been reviewed by many people. App features include account alerts, ATM search, and the ability to add notes and photos of receipts to transactions. Plus, it partners with Zelle, allowing you to transfer money to others.
Customer service. Customer service representatives are available by phone, though the available hours are not specified on the bank’s website. Account holders also have access to secure messaging via the website 24 hours a day, seven days a week, so you can submit a request at any time.
ATM access. As an online bank, Rising Bank has no branches. To access cash, customers can transfer money to a linked external account or visit a MoneyPass ATM, the bank's ATM partner.
How Rising Bank compares to other banks
Compare different account types offered by Rising Bank. Annual percentage yields (APYs) shown were updated between Oct. 23, 2026 and Oct. 29, 2026.
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Selected bank
Rising Bank savings account
Bankrate score
4.7
Bankrate Savings rating = 4.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
Most comparable
CIBC Bank USA savings account
Bankrate score
4.7
Bankrate Savings rating = 4.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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Bankrate score
Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Oct. 23, 2026 and Oct. 29, 2026.
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| 3.75% | 3.75% | |
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Minimum balance for APY
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| $1,000.00 | $0.00 | |
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Estimated earnings
Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
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| $1,875 | $1,875 | |
| Rising Bank offers a competitive rate on its high yield savings account, though it only applies to balances of $1,000 or more. There’s no monthly service fee, but there’s a $5 fee if you have no savings account activity for 24 consecutive months. | The CIBC Bank USA Agility Savings Account offers a very competitive yield. There’s no monthly fees, although you’ll need to have at least $1,000 to open an account. | |
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APY offering:
3.75%
5/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum deposit for APY:
$1,000.00
3/5
The minimum deposit amount a financial institution requires in order to open a savings account.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain to avoid a monthly fee.
Access to funds:
Great
5/5
Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account.
Additional savings tools:
No
0/5
Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.
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APY offering:
3.75%
5/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum deposit for APY:
$1,000.00
3/5
The minimum deposit amount a financial institution requires in order to open a savings account.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain to avoid a monthly fee.
Access to funds:
Great
5/5
Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account.
Additional savings tools:
No
0/5
Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.
|
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
The minimum deposit amount a financial institution requires in order to open a savings account.
A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met.
The lowest balance an account must maintain to avoid a monthly fee.
Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account.
Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.
Bankrate does not currently track additional product details for this bank.
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