Rising Bank, a division of Midwest BankCentre:
Online Savings Account - 0.50% APY
• $1,000.00 Minimum balance to open the account.
• Must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
• This account will automatically renew at maturity.
• Interest Credited on every 3 months.
• Account Maximum - $500,000.
• Transfers from a High Yield Savings account to another account or to third parties by preauthorized, automatic or computer transfer are limited to six per four (4) week or similar period with no transfers by check, draft, debit card, or similar order to third parties.
• withdraw a maximum of $25,000 per day.
• deposit a maximum of $250,000 per day.
Fee and Feature Guide
| Savings Account | |
|---|---|
| Interest Rate | |
| APY | 0.50% |
| Minimum deposit amount | $1,000.00 |
| Maximum deposit amount | $500,000.00 |
| Balance Requirements | |
| Minimum Opening Deposit | $1,000.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $1,000.00 |
| Fees | |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | $25.00 |
| Incoming Wires | N/A |
| Statements | |
| Paper Statements | Yes |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Customer Reviews for Rising Bank, a division of Midwest BankCentre
Savvysaver
June 25, 2020
I can tell you nothing of this bank. I can tell you the rate posted here is incorrect (FIFTH one today!) I only wish I could review BestCashCow.
Is this review helpful? Yes:0 / No: 0
Lisa P
June 28, 2019 |
I called and was told that the early withdrawal penalties are only 90 days on a 1-year CD and 180 days on anything longer. That seems more reasonable that the other penalties I see in this table. Is there any bank offering still lower early penalties in case I need the money in an emergency?
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krey514
May 3, 2019 |
An online bank this is not. I suggest you remove it from the list.
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Jfyi
April 2, 2019
Stay away. Thought was a scam.
Is this review helpful? Yes:0 / No: 0
RV240681
February 10, 2019 |
I was unable to open an account. After entering all of my info, I received a message to try back later. The fee schedule is also not fully disclosed on website (so I would do CDs only here, not savings). Not ready for prime time. Avoid for now.
Is this review helpful? Yes:0 / No: 0
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