CD Rates at Rising Bank
Save for what’s next on your horizon with a Rising Bank CD. Featuring competitive CD rates and guaranteed returns, our CDs are excellent financial products for growing your money and keeping it safe.
What is a Certificate of Deposit (CD)?
A certificate of deposit (CD) is a type of deposit account that provides a fixed interest rate for a specific term. Unlike a savings account or money market account, CDs have a set timeframe, meaning your money will be locked in for the term length. In exchange for committing your money for a longer period, CDs typically offer a higher interest rate than traditional savings accounts.
We offer a variety of certificate of deposits (CDs) to meet your financial goals, including traditional Term CDs, Jumbo CDs for larger deposit amounts, and flexible Rising CDs, which give you the chance to increase both your interest rate and your deposit over time. For those seeking diverse options, we also provide brokered CDs and IRA CDs to help you save for retirement with a fixed interest rate. Whether you’re opening a CD account online or through mobile banking, you’ll benefit from a higher interest rate and a competitive annual percentage yield (APY).
With Rising Bank, your deposit is insured through the Federal Deposit Insurance Corporation (FDIC), giving you peace of mind. No matter which option you choose, from our traditional Term CDs to our no penalty CDs, you can be sure of predictable money growth without the risk, all while managing your account conveniently through our secure online banking.
TERM CDs FROM 6 MONTHS TO 3 YEARS
CD rates and terms suited to your financial goals. No matter what you’re saving for, we’ve got you covered with top-tier APYs and much more.
JUMBO CDs
Enjoy big returns on your larger investments. A Rising Bank Jumbo CD is an easy, low-risk way to earn a high-yield.
RISING CDs
All the benefits of a CD with added flexibility. These bump-up CDs give you the ability to raise your rate and add more money to your account during your CD’s term.
How CDs Work at Rising Bank
Account Opening
You can easily open a CD account through our online banking or mobile banking platforms. Our secure system ensures your personal information is protected during the account opening process.
Minimum Deposit
To open a CD, there’s a minimum deposit requirement that varies depending on the term. You can also take advantage of our minimum opening deposit promotions for added flexibility.
Interest Accrual
Throughout the term of your CD, accrued interest is added to your account. CDs earn simple interest, making them a straightforward savings option for both individuals and small businesses.
Maximize Your Earnings with Competitive Rates
We know that finding the best return on your investment is important. That’s why Rising Bank offers annual percentage yield (APY) rates that outpace many competitors, including Quontic Bank, Discover Bank, and Sallie Mae Bank. Our rates help you maximize your savings, whether you’re working toward a financial goal like buying a home, saving for retirement, or building an emergency fund.
Convenient Digital Banking Services
Our customers can manage their CDs easily through online banking and mobile banking. You’ll be able to monitor your account, track your interest earnings, and even make withdrawals if you’ve chosen a no penalty CD.
Plan for the Future with Rising Bank
If you’re looking for a secure way to grow your money, a certificate of deposit from Rising Bank is the perfect solution. Whether you want to save for a short-term goal or plan for long-term stability, we offer flexible terms and competitive rates to help you meet your objectives. And, as a Member FDIC, we ensure that your deposit is fully insured.
Frequently Asked Questions
How Will I be Notified When Rising Bank Raises CD Rates?
The current rates and APYs for all of our CDs are available on our Rates Page.
Please note: Rates are subject to change during the day without notice.
Rising Bank will not provide any notice to you if these rates change.If you choose to exercise the option to increase the offered rate of your CD, please log in to your Rising Bank account and send us a secure message or Contact Us.
What Terms are Available for CDs?
- Rising Bank Term CDs are available in 1-year, 2-year and 3-year terms.
- Our Jumbo CDs for larger deposits is available in a 2-year term.
- Our Rising CDs are available in 18-month and 36-month terms. Rising CDs are specialty bump-up CDs that give you the ability to raise both your rate and your deposit during your CD’s term.
How Do I Open a Rising Bank CD?
Opening an account is easy, secure and takes just a few minutes! Open an account to begin banking with confidence at Rising Bank. In no time, you’ll be enjoying exceptional online banking and customer-first service and earning more for your money.
Are There any Fees or Minimums to Open My CD?
There are no fees to open a Rising Bank CD.
The minimums to open CDs may vary by the type of CD. Our account rates and minimums are always up-to-date on our Rate Page.
Is there a penalty for early withdrawal from my CD?
Yes, early withdrawal penalties may apply. While Rising Bank offers a grace period of 10 calendar days for CDs during which you may withdraw funds from or close your Rising Bank CD, there is a penalty for doing so before the grace period.
For our one-year CDs, the early withdrawal penalty is 90 days’ interest. The early withdrawal penalty for CDs with terms more than one year is 180 days’ interest.
Of course, an early withdrawal penalty does not apply to our 15-month No Penalty CD. (No withdrawals are permitted from a No Penalty CD during the first six days following the receipt of funds).
Learn more about Term CDs, Jumbo CDs, and our bump-up Rising CDs today!
Save for what’s next on your horizon with a Rising Bank CD
We offer a variety of CDs with competitive rates and guaranteed returns. Our CDs are excellent financial products for growing your money and keeping it safe. Whichever Rising Bank CD you choose, you can rest assured that you will receive a great CD rate and predictable money growth.
What are the CD Interest Rates?
Your success is our goal. That’s why we offer some of the best CD rates around. Check out our current rates on our Rates page.
WHY WE RISE ABOVE THE COMPETITION
Products
Our products are focused on helping you create wealth and achieve financial security – now and in the years to come.
Personal Service
Questions? Concerns? Our financial experts are standing by to provide you with the personalized service you deserve.
Peace of Mind
Rising Bank is designed to make your banking experience as positive and secure as possible.