Rising Bank: Savings Accounts & Rates

Savings rates updated: 8/15/2025

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

We earn a commission if you open an account through some links on this page.

Savings Overview

High-Yield Savings Account: 4.30% APY(Rank 18 of the 20 Best Savings Rates)

Minimum Deposit: $1,000 | Online Only

National Savings Interest Rate: 0.38% (as of 7/21/2025)

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: 4.5/5

Website: Visit Rising Bank

Our Take on Rising Bank

Highlights

4.30% APY on High-Yield Savings Account
No maintenance fees for account holders
A+ BBB rating with accreditation
High App Store rating of 4.7

Considerations

Requires a minimum deposit and balance of $1,000
No branches available for in-person banking
Interest is not compounded
Direct deposit not required, but may limit options

Summary: Rising Bank offers a competitive 4.30% APY on its High-Yield Savings Account with no maintenance fees and an A+ BBB rating. However, the account requires a minimum deposit and balance of $1,000, and interest is not compounded, which may impact earnings. The bank operates online only, with no physical branches, but maintains a strong App Store rating of 4.7 and a Google Play rating of 4.5.

Savings Account: In-Depth View

Savings Account Offered by Rising Bank

Feature	High-Yield Savings Account
APY	4.30% (as of 8/15/2025)
APY Trend	Stable for the last quarter
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.
Sponsored Link
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: 4.30%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,692.2 (10.78%)
Total contributions: $13,000 (82.84%)
Initial deposit: $1,000 (6.37%)

Your total balance

$15,692.20

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)	-2.0
Rate Changes / Mo	0.16
Days Since Last Change	129
High (-6 m)	4.40 %
Low (-6 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 6 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 (-6 m): Highest APY in the last 185 days.
Low (-6 m): Lowest APY in the last 185 days.
Draw-down from High: How far today sits below the 6-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

Affirm - 3.85% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.50% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Axos Bank - 4.46% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 4.20% APY
Betterment - 4.00% APY
BMO Alto - 3.50% APY
Bread Savings - 4.25% APY
BrioDirect - 4.30% APY
Capital One - 3.50% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.25-3.75% APY
CIBC Bank USA - 4.02% APY
CIT Bank - 0.25-4.00% APY
Citibank - 3.50% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.15% APY
ConnectOne Bank - 4.00% APY
Customers Bank - 4.23% APY
Discover Bank - 3.50% APY
Elevault - 4.60% APY
E*TRADE from Morgan Stanley - 4.00% APY
EverBank - 4.30% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.25% APY
Fitness Bank - 4.85% APY
Flagstar Bank - 4.00% APY
FNBO Direct - 3.25% APY
Forbright Bank - 4.25% APY
FVCbank - 4.35% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.10% APY
Marcus by Goldman Sachs - 3.65% APY
My Banking Direct - 4.30% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.35% APY
Pibank - 4.60% APY
PNC - 3.95% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.05% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 4.05% APY
Primis Bank - 4.20% APY
Quontic Bank - 3.75% APY
RBMAX - 4.15% APY
ROGER - 4.12% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.03% APY
SoFi Bank - 3.80% APY
Synchrony Bank - 3.80% APY
TAB Bank - 4.15% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 3.05% APY
TIMBR - 4.40% APY
UFB Direct - 4.01-4.21% APY
Upgrade - 4.02% APY
Valley Direct - 4.30% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.30% APY
Zynlo Bank - 4.35% APY

Feature	Rising Bank	Select a bank...
Product	High-Yield Savings Account	N/A
APY	4.30% (as of 8/15/2025)	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