Rising Bank: Savings Accounts & Rates

Savings rates updated: 10/1/2025

Mission statement: Banksparency aims to make Rising Bank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

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

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Savings Overview

High-Yield Savings Account: 4.20% APY(Rank 24 out of 83 tracked HYSAs)

Minimum Deposit: $1,000 | Online Only

National Savings Interest Rate: 0.4% (as of 9/15/2025)

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

Deposit Insurance: FDIC Cert # 1058

BBB Rating: A+ (BBB Accredited)

App Store Rating: 4.7/5

Google Play Rating: 4.6/5

Website: Visit Rising Bank

Our Take on Rising Bank

Highlights

4.20% APY, competitive for high-yield savings accounts
No maintenance fees, making it cost-effective
A+ BBB rating, indicating strong trustworthiness
High App Store rating of 4.7

Considerations

Requires a minimum deposit and balance of $1,000
Interest is not compounded, limiting earnings
Online-only bank, no physical branches available
Current APY decreased from 4.30% in the last 30 days

Summary: Rising Bank offers a competitive 4.20% APY on its High-Yield Savings Account, with no maintenance fees and an A+ BBB rating. However, it requires a minimum deposit and balance of $1,000, and the interest is not compounded, which limits potential earnings. The bank operates online only, with no physical branches. Overall, it remains a solid choice for savers comfortable with digital banking.

Savings Account: In-Depth View

Savings Account Offered by Rising Bank

Feature	High-Yield Savings Account
APY	4.20% (as of 10/1/2025)
APY Trend	-0.10% MoM
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 (4.20% APY) on the original deposit and not on any previously earned interest.
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No deposit agreement summary available for this bank.

Calculate Savings for Rising Bank

All calculations are based on APY.

Savings Product:

High-Yield Savings Account (APY: 4.20%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,650.7 (10.55%)
Total contributions: $13,000 (83.06%)
Initial deposit: $1,000 (6.39%)

Your total balance

$15,650.70

Effective APY: 4.20% (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	4.20 %
Trend	Sideways
Slope (bps/mo)	-1.8
Rate Changes / Mo	0.26
Days Since Last Change	12
High (-8 m)	4.40 %
Low (-8 m)	4.20 %
Draw-down from High	-4.5 %
Volatility (CV)	0.012

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 8 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 (-8 m): Highest APY in the last 229 days.
Low (-8 m): Lowest APY in the last 229 days.
Draw-down from High: How far today sits below the 8-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	4.20% (as of 10/1/2025)	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 (4.20% APY) on the original deposit and not on any previously earned interest.	N/A