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Rising Bank: Up to 5.31% APY Certificates of Deposit

+2 Deal Score
6,809 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
Slickdeals may be compensated by Rising Bank
Created 04-04-2024 at 06:12 PM by EfficientGame645
in Finance Rising Bank
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Deal
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6,809 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 14,636 Posts
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sarcasmogratis
04-04-2024 at 06:18 PM.
04-04-2024 at 06:18 PM.
"Fees may reduce earnings"
...what fees?
Reply
Joined Apr 2017
L6: Expert
> bubble2 1,017 Posts
118 Reputation
iSDeals
04-04-2024 at 07:11 PM.
04-04-2024 at 07:11 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 🤔
Reply
Joined Jun 2006
Wow Amazing Slick Deal
> bubble2 1,443 Posts
75 Reputation
mcali786
04-05-2024 at 06:26 AM.
04-05-2024 at 06:26 AM.
Wonder if there are any Main Street banks offering similar rates like ally etc.
Reply
Joined Nov 2011
L4: Apprentice
> bubble2 447 Posts
34 Reputation
User1654112
04-05-2024 at 11:10 AM.
04-05-2024 at 11:10 AM.
Why is the 6 month more than the 12 month...
1
Reply
Joined Apr 2017
L6: Expert
> bubble2 1,017 Posts
118 Reputation
iSDeals
04-05-2024 at 11:10 AM.
04-05-2024 at 11:10 AM.
Looks like this is a digital bank that operates through multiple linked credit unions or small banks
Fdic insured is trust worthy though
Reply
Joined May 2020
L5: Journeyman
> bubble2 806 Posts
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DanRunsNYC
04-05-2024 at 02:44 PM.
04-05-2024 at 02:44 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.
Reply
Joined Nov 2007
L4: Apprentice
> bubble2 441 Posts
321 Reputation
Handymanmacaw
04-05-2024 at 05:37 PM.
04-05-2024 at 05:37 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.
Reply

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Joined Jan 2004
L3: Novice
> bubble2 102 Posts
17 Reputation
hotindy
04-10-2024 at 03:59 PM.
04-10-2024 at 03:59 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
Reply
Joined Dec 2016
L3: Novice
> bubble2 128 Posts
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AL68
04-15-2024 at 11:35 AM.
04-15-2024 at 11:35 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.
Reply
Joined Jan 2004
L8: Grand Teacher
> bubble2 3,165 Posts
237 Reputation
warlock110
04-15-2024 at 04:01 PM.
04-15-2024 at 04:01 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.
1
Reply
Joined Dec 2022
New User
> bubble2 7 Posts
10 Reputation
OrangeHorn744
04-15-2024 at 09:17 PM.
04-15-2024 at 09:17 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
Reply
Joined Jul 2009
L7: Teacher
> bubble2 2,872 Posts
521 Reputation
keung
04-15-2024 at 10:04 PM.
04-15-2024 at 10:04 PM.
Quote from OrangeHorn744 :
What t bills
US Treasury Bill could be purchase at any brokers (Schwab/TDA, Fidelity, Vanguard) or TreasuryDirect.
Reply
Joined Jul 2009
L7: Teacher
> bubble2 2,872 Posts
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keung
04-15-2024 at 10:07 PM.
04-15-2024 at 10:07 PM.
Quote from AL68 :
Interest rates are dropping. Banks don't want us locked in at high rate for long.
Dropping? Confused
Reply
Joined Dec 2016
L3: Novice
> bubble2 128 Posts
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AL68
04-16-2024 at 08:22 AM.
04-16-2024 at 08:22 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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