Rising Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.85% | 1-year CD | |
| 2.45% | Savings | 2.20% - Barclays Online Savings Account |
| 2.95% | 2-year CD | 1.67% - National Average |
Related Posts
Just Awesome
Account opening was a breeze. Funding the account was instant. Adding the checking account as expected and was done on the next day. All of my ACH transfers are posted on the account on the next day. Customer service is outstanding. You can talk to a real person without waiting. The messaging platform within the app is also very efficient, You get a reply within hours. And most importantly, the interest rate is unbeatable so far! FDIC insured and backed by the Midwest BankCenter is the peace of mind you need for a saving account.
Quick And Painless Signup Process
Responsive, well designed web & mobile UI, was able to signup and get my account funded pretty quickly.
No Problems
Opened account without a hitch.
2 comments
1) the fact that this online bank only offers savings and cd products at this time means the number of fees or charges they plan to assess is very small.
2) APY (Annual Percentage Yield) factors the compounding frequency. So an APY of 2.45 is the same for any compounding period (daily, monthly, quarterly or annually) though the stated periodic interest rates would differ. 2.45 APY vs 0.01% offered by many traditional banks....well you decide
Interest Is Not Compounded
Read their disclosure statement, the fine print. They do not compound interest on their High Yield Savings account.
Terrible ACH Performance
Everything was fine until I placed my 2nd transfer request. I initiated the request on 3/27 from the Rising Bank website to transfer money from my external checking account into my Rising Bank savings. Today is 4/1, and my account still shows no activity. Talked to customer service, who had no idea when the transfer is going to happen. They said maybe today. This is not how normal banks operate!!!
Terrible Website
Tried to open an account for the high rates. Disclosure statement lists accounts as individual, joint and revocable trust. Several calls and they all say they only allow a trust to be a beneficiary.
Tried to open an account and could not get through the final process. Several more calls and they tell me that they show two pending accounts. Not worth the aggravation.
Impossible To Open Account. Not Ready For Prime Time Yet.
Unable to open account:
It seems we are experiencing server errors.
Please try back later!
https://open.risingbank.com/?prod=hys
Rising Bank Fee Schedule:
The fee schedule is pretty blank and seriously lacking information. Below is the only information included on the fee schedule.
RISING BANK FEE SCHEDULE
Following are fees that may be assessed based on your account type. Please contact us at 1-888-222-9484 with questions.
Wire Transfer Service: Outgoing Domestic Wire Transfer $24.00 per item
Other Fees: Chargeback $12.00 per item
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1058 |
| Year Established | 1906 |
| Employees | 276 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 8.19% |
| Annual Interest Income | $67.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.95B$1.88B |
| Loans | Q4 2018vs Q4 2017 | $1.41B$1.32B |
| Deposits | Q4 2018vs Q4 2017 | $1.41B$1.40B |
| Equity Capital | Q4 2018vs Q4 2017 | $193.9MM$189.8MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $15.3MM$14.8MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $5.8MM$9.5MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $1.9MM$3.5MM |
Always verify rates and promotions with the bank or credit union. We are not Rising Bank; we are a rate comparison website and cannot provide official rates or promotions.
Rising Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.45% | $1k | $500k | High Yield Savings Account |
Rising Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.95% | $1k | $500k | 2 Year Term CD | |
| 2.95% | $100k | $500k | 2 Year Jumbo CD | |
| 2.90% | $1k | $500k | 3 Year Term CD | |
| 2.90% | $25k | $500k | 36 Month Rising CD | |
| 2.85% | $1k | $500k | 1 Year Term CD | |
| 2.85% | $25k | $500k | 18 Month Rising CD |
Rising Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 2191 Lemay Ferry Road - Lemay, MO 63125