Rising Bank
Last Updated: 7/1/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
High-Yield Savings Account: 4.30% APY(Rank 21 out of 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
| Feature | High-Yield Savings Account |
|---|---|
| APY | 4.30% (as of 7/1/2025) |
| 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) | -3.2 |
| Rate Changes / Mo | 0.22 |
| Days Since Last Change | 82 |
| 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.
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| Feature | Rising Bank | Select a bank... |
|---|---|---|
| Product | High-Yield Savings Account | N/A |
| APY | 4.30% (as of 7/1/2025) | 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 |