At a glance

Overview

Rising Bank is ideal for savers who are comfortable banking online and are interested in earning some of the highest rates tied to deposit products. However, note that a maximum of $550 per business day is all you’re able to withdraw from your Rising Bank checking or savings account.

Highlights:

High APY Low Fees

Highlights:

High APY Low Fees

4.4

Bankrate Score

CDs

4.0 /5

Checking

4.2 /5

Savings

4.7 /5

Overall

Rising Bank is a newer online division of Midwest BankCentre, a St. Louis-based community bank that’s been around for more than a century. 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 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.

Pros

Rising Bank offers savers competitive rates.
There are no monthly fees for its bank products.
The checking account earns interest if you meet the minimum balance requirement.

Cons

A money market account isn’t offered.
There’s an early closure fee for accounts closed within 120 days of opening.

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Rising Bank banking products

4.7

/5

See methodology Compare savings rates

SCORE BREAKDOWN

APY offering:

4.30%

5/5

Minimum balance for APY:

$1,000.00

3/5

Monthly service fee:

$0.00

5/5

Minimum balance to avoid fee:

$0.00

5/5

Access to funds:

Good

4/5

FEATURES

4.30% APY

$1,000 minimum balance for APY

$1,000 minimum deposit to open

Rising Bank savings overview

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.

Pros

The account offers a competitive APY.
There’s no monthly fee.

Cons

Some banks have lower or no minimum balance requirements.

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

APY

National average APY

How do we get this data?

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Rising Bank

APY

National average APY

How do we get this data?

4.0

/5

See methodology Compare CD rates

SCORE BREAKDOWN

APY offering:

4.15%

4/5

Minimum deposit:

$1,000.00

4/5

Range of term lengths:

6 mos – 3 yrs

3/5

Early withdrawal penalty:

Good

4/5

Offer no-penalty or bump-up CDs:

Yes

5/5

Offer IRA CDs:

No

0/5

FEATURES

2.75% – 4.30% APY

$1,000 minimum balance for APY

$1,000 minimum deposit to open

6 months – 3 years

Rising Bank CD overview

Rising Bank offers a range of CDs with various terms that’ll fit different needs. Its standard CDs, ranging from six months to three years, offer very competitive yields and require just $1,000 to open.

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 $25,000. And like most jumbo CDs, the Jumbo CD offered at this bank (with a term of two years) requires a hefty $100,000 deposit. Both Rising CDs and Jumbo CDs have very high yields, just like the standard CDs.

Interest on all CDs is credited every three months.

Pros

Accounts are accessible to online savers nationwide.
The minimum deposit for most CDs is relatively low.
A Jumbo CD and three bump-up CDs are available.

Cons

There are no tiered APYs offered on higher balances.
The two-year jumbo CD only offers slightly more interest than the regular two-year CD.

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 Bank

APY

National average APY

Term length

How do we get this data?

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 Bank

APY

National average APY

Term length

How do we get this data?

Compare Offer

Rising Bank checking overview

Rising Bank's checking account offers a competitive interest rate, though balances below $1,000 earn no interest.

The checking account reimburses all fees from MoneyPass ATM usage, but withdrawals from your checking account are limited to $550 per business day. The account charges no monthly fee and comes with a free first set of checks.

Customers can use Zelle on Rising Bank’s mobile app for person-to-person transfers, and you can freely pay your bills with its mobile app for iOS and Android.

You’ll be charged $25 per overdrawn or returned item. If you have another account with Rising Bank, you may be able to link another account to cover overdrafts without incurring a fee.

Pros

The bank offers a competitive interest rate for a checking account.
Rising Bank partners with MoneyPass, so customers will have free access to thousands of ATMs nationwide.
There’s no monthly service fee.

Cons

It requires steeper minimum balances to earn interest than some other banks.
You can’t use Google Pay or Apple Pay with your debit card.

Compare Offer

Bank fees

Fee	Charges
Overdraft fee	$25
Non-sufficient funds fee	$25
Monthly maintenance fee	None
Out-of-network ATM fee	None
Excessive transaction fee	None
Dormant account fee	$5 per statement cycle after 12 months of no activity

Customer experience

Highly-rated mobile app. Rising Bank offers several resources to help customers manage finances, including online calculators and a mobile banking app. The mobile app is highly rated on Google Play and the Apple App Store (but note neither app has been reviewed by many people). Apps features include account alerts, branch and ATM search, and the ability to add notes and photos of receipts to transactions. Plus, it comes with Zelle for transferring 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 24 hours a day, seven days a week.

ATM access. 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).

About Rising Bank

Rising Bank is an online-only bank launched in 2018 by Midwest BankCentre, a community bank that serves the St. Louis area. Rising Bank offers certificates of deposit, a high-yield savings account and a checking account. The bank also offers small business loans, home loans and insurance policies.

How Rising Bank compares to other banks

Compare different account types offered by Rising Bank. Annual percentage yields (APYs) shown were updated between April 17, 2025 and April 23, 2025.

Selected bank Rising Bank savings account Member FDIC Bankrate score Rating: 4.7 stars out of 5 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 Member FDIC Bankrate score Rating: 4.9 stars out of 5 4.9 Bankrate Savings rating = 4.9/5 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. Read review	Search for or select a bank: 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. Read review
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 April 17, 2025 and April 23, 2025.
4.30%	4.21%
Minimum balance for APY
$1,000.00	$1.00
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.
$2,150	$2,105

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.

The account offers a competitive APY. There’s no monthly fee.	You won’t pay a monthly service fee with CIBC’s Agility savings account. You’ll earn a very competitive yield with this account.	N/A
Some banks have lower or no minimum balance requirements.	A $1,000 minimum opening deposit is required to open the CIBC Agility Savings account.	N/A

APY offering: 4.30% 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 balance for APY: $1,000.00 3/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Access to funds: Good 4/5 A procedure that allows an individual or organization to access and manage the funds of another account holder.	APY offering: 4.21% 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 balance for APY: $1.00 5/5 The lowest deposit amount an account must have before it can earn interest. Monthly service fee: $0.00 5/5 A monthly charge a financial institution deducts from an account if certain requirements are not met. Minimum balance to avoid fee: $0.00 5/5 The lowest balance an account must maintain in order to avoid a fee. Access to funds: Good 4/5 A procedure that allows an individual or organization to access and manage the funds of another account holder.	APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. The lowest deposit amount an account must have before it can earn interest. A monthly charge a financial institution deducts from an account if certain requirements are not met. The lowest balance an account must maintain in order to avoid a fee. A procedure that allows an individual or organization to access and manage the funds of another account holder. Bankrate does not currently track additional product details for this bank.

Selected bank Rising Bank CD Member FDIC Bankrate score Rating: 4 stars out of 5 4.0 Bankrate CD rating = 4.0/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score.	Most comparable Bask Bank CD Member FDIC Bankrate score Rating: 4.4 stars out of 5 4.4 Bankrate CD rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Bankrate score Bankrate CD rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review
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 April 17, 2025 and April 23, 2025.
4.15%	4.30%
Minimum deposit
$1,000.00	$1,000.00
Term
1 yr	1 yr

Rising Bank offers a range of CDs with various terms that’ll fit different needs. Its standard CDs, ranging from six months to three years, offer very competitive yields and require just $1,000 to open. 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 $25,000. And like most jumbo CDs, the Jumbo CD offered at this bank (with a term of two years) requires a hefty $100,000 deposit. Both Rising CDs and Jumbo CDs have very high yields, just like the standard CDs. Interest on all CDs is credited every three months.	Bask Bank offers just four CDs, ranging from three to 24 months. While its CD list is much smaller than you may find at other banks, most of Bask’s CDs come with top-notch yields. However, you need at least $1,000 to open an account.

Accounts are accessible to online savers nationwide. The minimum deposit for most CDs is relatively low. A Jumbo CD and three bump-up CDs are available.	All of Bask Bank CDs come with very high APYs. The $1,000 minimum deposit is reasonable.	N/A
There are no tiered APYs offered on higher balances. The two-year jumbo CD only offers slightly more interest than the regular two-year CD.	There are very few terms to choose from. Bask doesn’t offer specialty CDs, including bump-up or no-penalty CDs.	N/A

Learn more: The best banks of 2024

Rising Bank FAQs

Rising Bank is best for customers who are comfortable solely banking online. While the bank doesn’t offer a money market account, those looking for certificates of deposit, checking and savings accounts will find some of the highest yields on the market at Rising Bank.
Yes. Rising Bank is the online-only division of Midwest BankCentre, which is insured by the Federal Deposit Insurance Corporation, or FDIC, for up to the limit allowed by law: $250,000 per depositor, per account type.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Rising Bank APY APY last updated 4/22/2025. APY last updated 4/22/2025	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
04/15/2025	4.30%	0.59%
04/01/2025	4.40%	0.59%
03/04/2025	4.40%	0.60%
02/04/2025	4.40%	0.61%
01/07/2025	4.40%	0.56%
10/01/2024	4.50%	0.57%
09/24/2024	4.50%	0.61%
09/17/2024	4.75%	0.61%
09/03/2024	4.90%	0.61%
07/30/2024	4.90%	0.59%
05/07/2024	5.00%	0.59%
04/30/2024	5.00%	0.57%

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Rising Bank APY APY last updated 4/22/2025. APY last updated 4/22/2025	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
04/01/2025	2.75%	1.64%
02/04/2025	2.75%	1.54%
01/07/2025	2.75%	1.43%
10/01/2024	2.75%	1.41%
09/03/2024	2.75%	1.42%
08/06/2024	2.75%	1.43%
07/23/2024	2.75%	1.41%
07/02/2024	3.85%	1.41%
06/04/2024	3.85%	1.42%
05/07/2024	3.85%	1.41%
04/30/2024	3.85%	1.40%

Rising Bank Review 2024

The Bankrate promise

At a glance

Overview

Highlights:

Highlights:

Overall

Pros

Cons

We want to know what you think about Rising Bank

Rising Bank banking products

Rising Bank savings overview

Pros

Cons

Rate history for Rising Bank's Savings account

Rising Bank CD overview

Pros

Cons

Rate history for Rising Bank's CD accounts

Rising Bank checking overview

Pros

Cons

Bank fees

Customer experience

About Rising Bank

How Rising Bank compares to other banks

Rising Bank FAQs

Who is Rising Bank best suited for?

Is Rising Bank safe?

Review methodology

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