Rising Bank

Last Updated: 7/1/2025

Note: Interest rates below are reported as APY, or Annual Percentage Yield

Quick Views

High-Yield Savings Account: 4.30% APY(Rank 21 out of 76 tracked HYSAs)

Minimum Deposit: $1,000 | Online Only

National Savings Interest Rate: 0.38% (as of 6/16/2025)

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

  • High-Yield Savings Account offers 4.30% APY with no maintenance fees.
  • A+ BBB rating indicates strong trustworthiness and accreditation.
  • Mobile app has a 4.7 rating on the App Store.
  • No minimum balance requirement after initial deposit.

Considerations

  • Account has no compounding interest on previously earned interest.
  • Requires a $1,000 minimum deposit to open the account.
  • No physical branches available for in-person banking.
  • Direct deposit is not an option for account management.
Summary: Rising Bank offers a competitive 4.30% APY on its High-Yield Savings Account, with no maintenance fees and a strong A+ BBB rating. However, the account lacks compounding interest, and users must meet a $1,000 minimum deposit to open. With no physical branches and no direct deposit option, it caters primarily to online users. The bank's app enjoys high ratings, enhancing user experience.

Savings Account

Savings Account Offered by Rising Bank

FeatureHigh-Yield Savings Account
APY
4.30% (as of 7/1/2025)
APY TrendStable for the last month
Minimum Deposit$1,000
Minimum Balance for APY$1,000
FDIC-insured
Yes
Online OnlyYes
Bundled Account
No
Direct Deposit Required
No
Compound Frequency
Doesn't compound
Maintenance Fee$0
EligibilityUnited States
NoteInterest 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

MetricHigh-Yield Savings Account
Latest APY4.30 %
TrendSideways
Slope (bps/mo)-3.2
Rate Changes / Mo0.22
Days Since Last Change82
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 137 days.
Low (-4 m)
Lowest APY in the last 137 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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  • Varo Bank - 2.50-5.00% APY
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FeatureRising BankSelect a bank...
ProductHigh-Yield Savings AccountN/A
APY
4.30% (as of 7/1/2025)N/A
Bundled Account
NoN/A
FDIC-insured
YesN/A
Online OnlyYesN/A
Compound Frequency
Doesn't compoundN/A
Minimum Deposit$1,000N/A
Minimum Balance for APY$1,000N/A
Maintenance Fee$0N/A
Direct Deposit Required
NoN/A
NoteInterest 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