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Rising Bank: Up to 5.31% APY Certificates of Deposit

+2 Deal Score
5,464 Views
Rising Bank is offering up to 5.31% APY with their Certificates of Deposit[.

Details:
  • Interest credited every 3 months
  • $1,000 minimum balance to earn APY
  • $1,000 minimum opening deposit
  • FDIC Insured
Rates:
  • 6 Month CD 5.31% APY with interest credited every 3 months
  • 12 Month CD 5.26% APY with interest credited every 3 months
  • 15 Month CD 4.50% APY with interest credited every 3 months
  • 2 Year CD 4.25% APY with interest credited every 3 months
  • 3 Year CD 3.85% APY with interest credited every 3 month
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Deal
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5,464 Views
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Joined Feb 2007
L10: Grand Master
> bubble2 12,290 Posts
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sarcasmogratis
04-04-2024 at 05:18 PM.
04-04-2024 at 05:18 PM.
"Fees may reduce earnings"
...what fees?
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Joined Apr 2017
L5: Journeyman
> bubble2 856 Posts
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iSDeals
04-04-2024 at 06:11 PM.
04-04-2024 at 06:11 PM.
Quote from sarcasmogratis :
"Fees may reduce earnings"
...what fees?

Monthly maintenance fee - shows 0
Penalty for early withdrawal

Still looks legit, not sure if they operate in my state though 🤔
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Joined Jun 2006
Wow Amazing Slick Deal
> bubble2 1,267 Posts
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mcali786
04-05-2024 at 05:26 AM.
04-05-2024 at 05:26 AM.
Wonder if there are any Main Street banks offering similar rates like ally etc.
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Joined Nov 2011
L4: Apprentice
> bubble2 434 Posts
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Hugh_Jastle
04-05-2024 at 10:10 AM.
04-05-2024 at 10:10 AM.
Why is the 6 month more than the 12 month...
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Joined Apr 2017
L5: Journeyman
> bubble2 856 Posts
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iSDeals
04-05-2024 at 10:10 AM.
04-05-2024 at 10:10 AM.
Looks like this is a digital bank that operates through multiple linked credit unions or small banks
Fdic insured is trust worthy though
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Joined May 2020
L4: Apprentice
> bubble2 396 Posts
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DanRunsNYC
04-05-2024 at 01:44 PM.
04-05-2024 at 01:44 PM.
Still wiser to milk T-bills at the current rates. Closed all my CDs and have been rolling mine enjoying a similar if not better rate without the state's chance to get their hands on it through taxes.
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Joined Nov 2007
L4: Apprentice
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Handymanmacaw
04-05-2024 at 04:37 PM.
04-05-2024 at 04:37 PM.
Quote from mcali786 :
Wonder if there are any Main Street banks offering similar rates like ally etc.

I use Raisin to manage my HYSA and CDs.
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Joined Jan 2004
L3: Novice
> bubble2 102 Posts
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hotindy
04-10-2024 at 02:59 PM.
04-10-2024 at 02:59 PM.
Has anyone tried Nexbank or State Bank if Texas where they are offering 5.4% on one year CD. Pl let me know if it's worth considering try his option
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Joined Dec 2016
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AL68
04-15-2024 at 10:35 AM.
04-15-2024 at 10:35 AM.
Quote from Hugh_Jastle :
Why is the 6 month more than the 12 month...
Interest rates are dropping. Banks don't want us locked in at high rate for long.
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Joined Jan 2004
L8: Grand Teacher
> bubble2 3,094 Posts
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warlock110
04-15-2024 at 03:01 PM.
04-15-2024 at 03:01 PM.
Quote from Hugh_Jastle :
Why is the 6 month more than the 12 month...
anticipation of rate drop... if you go 12 months you are locked in and if rate drops you win.
>
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Joined Dec 2022
New User
> bubble2 7 Posts
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OrangeHorn744
04-15-2024 at 08:17 PM.
04-15-2024 at 08:17 PM.
Quote from DanRunsNYC :
Still wiser to milk T-bills at the current rates. Closed all my CDs and have been rolling mine enjoying a similar if not better rate without the state's chance to get their hands on it through taxes.

What t bills
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Joined Jul 2009
L7: Teacher
> bubble2 2,807 Posts
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keung
04-15-2024 at 09:04 PM.
04-15-2024 at 09:04 PM.
Quote from OrangeHorn744 :
What t bills
US Treasury Bill could be purchase at any brokers (Schwab/TDA, Fidelity, Vanguard) or TreasuryDirect.
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Joined Jul 2009
L7: Teacher
> bubble2 2,807 Posts
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keung
04-15-2024 at 09:07 PM.
04-15-2024 at 09:07 PM.
Quote from AL68 :
Interest rates are dropping. Banks don't want us locked in at high rate for long.
Dropping? Confused
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Joined Dec 2016
L3: Novice
> bubble2 107 Posts
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AL68
04-16-2024 at 07:22 AM.
04-16-2024 at 07:22 AM.
Quote from keung :
Dropping? Confused
Check the history with capital one under search. Rates have been slowly decreasing and we have reached the peak about 6-8 months ago, I don't expect it to come back up.
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