The product CD 6-month Account from Rising Bank, a division of Midwest BankCentre with 3.85% APY and $1,000 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $29,181. The interest earned would be $9,181 and the tax amount on the interest earned would be approximately $2,754.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.
| Rate: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 45 | 32 |
| 2 | 20,045 | 45 | 32 |
| 3 | 20,091 | 45 | 32 |
| 4 | 20,136 | 46 | 32 |
| 5 | 20,181 | 46 | 32 |
| 6 | 20,227 | 46 | 32 |
| 7 | 20,273 | 46 | 32 |
| 8 | 20,319 | 46 | 32 |
| 9 | 20,364 | 46 | 32 |
| 10 | 20,410 | 46 | 32 |
| TOTAL: | $457 | $320 |
| Rate: 3.85% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 770 | 539 |
| 2 | 20,770 | 800 | 560 |
| 3 | 21,570 | 830 | 581 |
| 4 | 22,400 | 862 | 604 |
| 5 | 23,262 | 896 | 627 |
| 6 | 24,158 | 930 | 651 |
| 7 | 25,088 | 966 | 676 |
| 8 | 26,054 | 1,003 | 702 |
| 9 | 27,057 | 1,042 | 729 |
| 10 | 28,099 | 1,082 | 757 |
| TOTAL: | $9,181 | $6,426 |
The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.
| Date | APY |
|---|---|
| November 18, 2025 | 3.85% |
| November 10, 2025 | 3.90% |
| September 23, 2025 | 4.05% |
| September 3, 2025 | 4.21% |
| July 13, 2025 | 4.41% |
| June 24, 2025 | 4.51% |
| June 12, 2025 | 4.45% |
| April 18, 2025 | 4.30% |
| February 26, 2025 | 4.40% |
| January 18, 2025 | 4.35% |
| December 7, 2024 | 4.70% |
| September 22, 2024 | 4.00% |
| September 13, 2024 | 4.25% |
| August 7, 2024 | 4.50% |
| August 7, 2024 | 4.85% |
| April 15, 2024 | 5.31% |
| March 26, 2024 | 5.25% |
| February 23, 2024 | 5.20% |
| December 15, 2023 | 5.15% |
| December 1, 2023 | 5.25% |
| October 13, 2023 | 5.35% |
| August 20, 2023 | 5.25% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.25% |
$25,000 |
Learn More | |
|
Last change: ↓0.16% on September 18. |
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|
|
4.20% |
$1,000 |
Learn More | |
|
Last change: ↑0.05% on December 1. |
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|
|
4.15% |
$1,500 |
Learn More | |
|
Last change: ↓0.05% on December 1. |
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|
|
4.15% |
$1,000 |
Learn More | |
|
Last change: ↑0.10% on December 1. |
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|
|
4.10% |
$25,000 |
Learn More | |
|
Last change: ↓0.15% on November 26. |
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Customer Reviews for Rising Bank, a division of Midwest BankCentre
Az1
August 26, 2022
Too slow to raise rates.
Is this review helpful? Yes:0 / No: 1
Dr Louie
May 19, 2022 |
I am singing the blues with Rising. I had opened about 8 months ago when they were a rate leader at 0.60%. Now they are at 0.65% and everyone is much higher and I cannot seems to get my cash out fast enough.
Is this review helpful? Yes:0 / No: 0
12JBS34
August 13, 2021 |
Very pleased with the no penalty cd which locks in a rate for 15 months and is always .10% above the savings rate.
Is this review helpful? Yes:5 / No: 0
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:4 / 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?
Is this review helpful? Yes:5 / No: 1
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