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Rising Bank is the online banking division of Midwest BankCentre, a large community bank in St. Louis, Missouri. It offers mid-term CD options with competitive interest rates. But it doesn’t offer CD terms shorter than 12 months or longer than three years.
0.5%
1-year APY
0.6%
3-year APY
Minimum deposit to open | $1,000 |
---|---|
Interest compounding | Quarterly |
1-year APY | 0.5% |
2-year APY | 0.55% |
3-year APY | 0.6% |
Early withdrawal penalty | 90 days interest for terms of 1 to 12 months 180 days interest for terms of 13 to 36 months |
Review by
Heather Petty is a writer at Finder specializing in banking, investments and insurance. She's a self-proclaimed word nerd who worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. Heather earned a bachelor’s degree in English from the University of Nevada, Reno.
Apply for a Rising Bank CD in six steps:
To open a Rising Bank CD, you need to meet the following qualifications:
Have the following information ready when you apply:
Fund your Rising Bank CD in three ways:
With Rising Bank, expect these benefits from your CD account:
Consider some of the following drawbacks before you apply for a Rising Bank CD:
If you want to lock your money away for less than 12 months, you’ll want to keep looking and compare your options.
Once your CD has matured, you have a 10-day grace period to withdraw, add funds or close your account before the CD automatically renews. If you do nothing, the CD renews on the maturity date with the same term using whatever the current interest rate is for that term.
Rising Bank’s only other savings product is its high-yield savings account, which offers 0.5% APY credited monthly.