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Rising Bank Review 2025

Updated June 2, 2025
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At a glance

Overview

Rising Bank is an online bank that 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. However, with no brick-and-mortar branches, this may not be the fit for you if you prefer to do your banking in person.

Highlights:

High APY Low Fees
4.5
Rating: 4.5 stars out of 5
Bankrate Score

CDs

Rating: 4.5 stars out of 5
4.5 /5

Checking

Rating: 4.3 stars out of 5
4.3 /5

Savings

Rating: 4.7 stars out of 5
4.7 /5
Sponsored offers

These are sponsored offers rated highly by us for competitive rates, fees, and minimums.

Bank logo
Member FDIC
Checking Account
0.00
%
APY
As of 6/12/2025
$50
Min. balance for APY
View offer Arrow Right Icon

Overall

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.

Pros

  • Checkmark Icon

    Rising Bank offers savers competitive rates to build earnings faster.

  • Checkmark Icon

    There are no monthly fees for its bank products, saving customers money.

  • Checkmark Icon

    The checking account earns interest if you meet the $1,000 minimum balance requirement.

Cons

  • No money market account is available.

  • An early closure fee applies for accounts closed within 120 days of opening.

Rising Bank banking products

Savings

4.7
/5
Rating: 4.7 stars out of 5

Pros

  • Checkmark Icon

    The account offers a competitive APY to boost earnings.

  • Checkmark Icon

    There’s no monthly fee to cut into earnings.

  • Checkmark Icon

    The account carries FDIC insurance for added protection.

Cons

  • There is a higher balance requirement than other banks.

  • A dormant activity fee applies if you neglect your account.

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

Display historical averages

Line chart with 2 lines.
The chart has 1 X axis displaying Time. Data ranges from 2024-06-01 04:00:00 to 2025-06-10 00:00:00.
The chart has 1 Y axis displaying values. Data ranges from 0.56 to 5.
End of interactive chart.
How do we get this data?

CD

4.5
/5
Rating: 4.5 stars out of 5
SCORE BREAKDOWN
APY offering:
4.35%
Rating: 5 stars out of 5
5/5
Minimum deposit:
$1,000.00
Rating: 4 stars out of 5
4/5
Range of term lengths:
6 mos – 3 yrs
Rating: 4 stars out of 5
4/5
Early withdrawal penalty:
Good
Rating: 4 stars out of 5
4/5
Offer no-penalty or bump-up CDs:
Yes
Rating: 5 stars out of 5
5/5
Offer IRA CDs:
No
Rating: 0 stars out of 5
0/5

Pros

  • Checkmark Icon

    Accounts are accessible nationwide.

  • Checkmark Icon

    The minimum deposit for most CDs is relatively low.

  • Checkmark Icon

    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

Display historical averages

Line chart with 2 lines.
The chart has 1 X axis displaying Time. Data ranges from 2024-06-01 04:00:00 to 2025-06-10 00:00:00.
The chart has 1 Y axis displaying values. Data ranges from 1.68 to 5.25.
End of interactive chart.
Caret Down Icon
How do we get this data?

Checking

4.3
/5
Rating: 4.3 stars out of 5

Pros

  • Checkmark Icon

    The bank offers a competitive interest rate.

  • Checkmark Icon

    There is free access to thousands of MoneyPass ATMs nationwide.

  • Checkmark Icon

    No monthly service fee applies.

Cons

  • It requires steeper minimum balances to earn interest than some other banks.

  • Rising Bank doesn’t offer the convenience of Google Pay or Apple Pay.

How Rising Bank compares to other banks

Compare different account types offered by Rising Bank. Annual percentage yields (APYs) shown were updated between June 5, 2025 and June 11, 2025.

Selected bank
Rising Bank savings account
Rising Bank Logo
Member FDIC
Bankrate score
Rating: 4.7 stars out of 5
4.7
Most comparable
CIBC Bank USA savings account
CIBC Bank USA Logo
Member FDIC
Bankrate score
Rating: 4.9 stars out of 5
4.9
Read review
Search for or select a bank:
Caret Down Icon
BrioDirect savings account
BrioDirect logo
Member FDIC
Bankrate score
4.9
Read review
APY
4.30% 4.11% 4.30%
Minimum balance for APY
$1,000.00 $0.00 $25.00
Estimated earnings
$2,150 $2,055 $2,150
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 BrioDirect High-Yield Savings Account offers a competitive yield and it doesn’t have a monthly service fee. There's a required minimum opening deposit of $5,000 for this account, and you must maintain $25 in the account to earn interest.
  • The account offers a competitive APY to boost earnings.
  • There’s no monthly fee to cut into earnings.
  • The account carries FDIC insurance for added protection.
  • You won’t pay a monthly service fee with CIBC’s Agility savings account.
  • You’ll earn a very competitive yield with this account.
  • BrioDirect offers a competitive yield on its High-Yield Savings Account.
  • This account doesn’t have a monthly service fee.
  • There is a higher balance requirement than other banks.
  • A dormant activity fee applies if you neglect your account.
  • A $1,000 minimum opening deposit is required to open the CIBC Agility Savings account.
  • It requires a minimum deposit of $5,000 to open the account, which is higher than many other banks.
  • You must maintain $25 in the account to earn interest.
Bankrate does not currently track additional product details for this bank.
APY offering:
4.11%
5/5
Minimum balance for APY:
$0.00
5/5
Monthly service fee:
$0.00
5/5
Minimum balance to avoid fee:
$0.00
5/5
Access to funds:
Good
4/5
APY offering:
4.30%
5/5
Minimum balance for APY:
$25.00
5/5
Monthly service fee:
$0.00
5/5
Minimum balance to avoid fee:
$0.00
5/5
Access to funds:
Good
4/5

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 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, branch and 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.

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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.