Rising Bank
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
High-Yield Savings Account: 4.30% APY(Rank 21 out of 74 tracked HYSAs)
Minimum Deposit: $1,000 | Online Only
National Savings Interest Rate: 0.42% (as of 5/19/2025)
Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.
(Source: FDIC)Bank Overview
Location: St. Louis, Missouri
Founded: 2018
Affiliation: Rising Bank is a division of Midwest BankCentre®
Access to Branches: None
BBB Rating: A+ (BBB Accredited)
App Store Rating: 4.7/5
Google Play Rating: 4.5/5
Website: Visit Rising Bank
Our Take on Rising Bank
Highlights
- 4.30% APY on High-Yield Savings Account, unchanged in 30 days.
- No maintenance fees for the High-Yield Savings Account.
- A+ BBB rating with BBB Accreditation.
- High App Store rating of 4.7 and Google Play rating of 4.5.
Considerations
- Minimum deposit and balance requirement of $1,000.
- Account does not compound interest; APY applies only to original deposit.
- Online-only bank with no physical branches.
- Direct deposit not required, but may limit some users.
Summary: Rising Bank offers a competitive 4.30% APY on its High-Yield Savings Account, with no maintenance fees and a solid A+ BBB rating. However, the account requires a $1,000 minimum deposit and balance, and interest is not compounded. With no physical branches and being online-only, it may not suit everyone. The bank has strong app ratings, indicating good user experience despite its limitations.
Savings Account
Savings Account Offered by Rising Bank
| Feature | High-Yield Savings Account |
|---|---|
| APY | 4.30% (as of 6/20/2025) |
| APY Trend | Stable for the last month |
| Minimum Deposit | $1,000 |
| Minimum Balance for APY | $1,000 |
| FDIC-insured | Yes |
| Online Only | Yes |
| Bundled Account | No |
| Direct Deposit Required | No |
| Compound Frequency | Doesn't compound |
| Maintenance Fee | $0 |
| Eligibility | United States |
| Note | Interest is calculated daily based on your deposit balance and credited monthly. However, since the account does not offer compounding, you only earn interest (4.30% APY) on the original deposit and not on any previously earned interest. |
No deposit agreement summary available for this bank. | |
Calculate Savings for Rising Bank
All calculations are based on APY.
High-Yield Savings Account (APY: 4.30%)
Deposit Frequency:
Total savings breakdown:
- Interest earned: $43 (4.12%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (95.88%)
Your total balance
$1,043.00
Effective APY: 4.30% (based on your deposit and contributions)
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Rising Bank Savings Rates Over Time
Historical APY Insights
| Metric | High-Yield Savings Account |
|---|---|
| Latest APY | 4.30 % |
| Trend | Sideways |
| Slope (bps/mo) | -3.5 |
| Rate Changes / Mo | 0.24 |
| Days Since Last Change | 72 |
| High (-4 m) | 4.40 % |
| Low (-4 m) | 4.30 % |
| Draw-down from High | -2.3 % |
| Volatility (CV) | 0.011 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 4 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-4 m)
- Highest APY in the last 127 days.
- Low (-4 m)
- Lowest APY in the last 127 days.
- Draw-down from High
- How far today sits below the 4-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Compare Rising Bank's Savings Account
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| Feature | Rising Bank | Select a bank... |
|---|---|---|
| Product | High-Yield Savings Account | N/A |
| APY | 4.30% (as of 6/20/2025) | N/A |
| Bundled Account | No | N/A |
| FDIC-insured | Yes | N/A |
| Online Only | Yes | N/A |
| Compound Frequency | Doesn't compound | N/A |
| Minimum Deposit | $1,000 | N/A |
| Minimum Balance for APY | $1,000 | N/A |
| Maintenance Fee | $0 | N/A |
| Direct Deposit Required | No | N/A |
| Note | Interest is calculated daily based on your deposit balance and credited monthly. However, since the account does not offer compounding, you only earn interest (4.30% APY) on the original deposit and not on any previously earned interest. | N/A |