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What is Rising Bank?
Rising Bank is a digital banking division of Midwest BankCentre that provides a range of financial products designed to help customers grow their savings and achieve their financial goals. The bank offers competitive rates on certificates of deposit (CDs), including traditional Term CDs, Jumbo CDs, and flexible Rising CDs, with terms ranging from 6 months to 3 years. Additionally, it features a High Yield Savings Account that may offer higher interest rates than traditional banks, along with mortgage services and SBA loans for small businesses and nonprofits.
The platform emphasizes digital convenience combined with personalized support, offering 24/7 customer service through phone and email. Rising Bank also integrates a social impact mission, investing in organizations that drive community change, so customers' banking activities contribute to broader societal improvement. All deposits are FDIC-insured up to the maximum allowed by law, providing security for users' funds.
Features
- Certificates of Deposit: Competitive APY rates on CDs with terms from 6 months to 3 years
- High Yield Savings Account: Earn higher interest rates compared to traditional banks
- SBA Loans: Support for small businesses and nonprofits with game-changing assistance
- Mortgage Services: Guidance for buying, building, or refinancing homes with low-interest rates
- Customer Service: 24/7 support from financial experts via phone and email
- Social Impact: Investments in organizations that drive community change and improve lives
- Digital Banking: Easy-to-use money management tools accessible online
- FDIC Insurance: Deposits insured up to the maximum allowed by law for security
Use Cases
- Growing savings with competitive CD rates
- Earning higher interest on savings through a high-yield account
- Securing a mortgage for buying or building a home
- Refinancing an existing mortgage to lower monthly payments
- Obtaining SBA loans to support business growth
- Managing finances digitally with 24/7 customer support
- Contributing to social impact initiatives through banking activities
- Safeguarding deposits with FDIC insurance
