Rising Bank Review 2023
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At a glance

CDs
Checking
Savings
About Bankrate Score
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
- Low Fees
- High APY
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

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 = 4.4/5
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 = 4.7/5
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 = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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. As 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
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Rising Bank offers savers competitive rates.
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There are no monthly fees for its bank products.
Cons
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A money market account isn’t offered.
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There is an early closure fee for accounts closed within 120 days of opening.
Rising Bank banking products
Rising Bank savings overview
Pros
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The account offers a competitive APY.
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There is no monthly fee.
Cons
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Some banks have lower or no minimum balance requirements.
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Although Rising’s APY is competitive, you may be able to find higher yields elsewhere.
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

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 = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
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 representatives are available Monday through Friday from 8 a.m. to 12 a.m. Eastern time, and 10 a.m. to 6 p.m. on weekends. Account holders also have access to secure messaging 24 hours a day, seven days a week.
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.
Review methodology
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.