Rising Bank, a division of Midwest BankCentre
For information concerning the parent bank, please click here.
Online Rates - September 27, 2022
Your current location is: Fairfield, CT
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
2.50% | $1,000 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
12 Mo CD
|
3.30% | $1,000 | Compare |
|
15 Mo CD
|
2.50% | $1,000 | Compare |
|
18 Mo CD
|
2.25% | $5,000 | Compare |
|
24 Mo CD
|
3.55% | $1,000 | Compare |
|
24 Mo CD
|
3.00% | $100,000 | Compare |
|
36 Mo CD
|
3.25% | $1,000 | Compare |
|
60 Mo CD
|
2.55% | $1,000 | Compare |
Money that you deposit is held by Midwest BankCentre. Midwest BankCentre is an FDIC insured institution founded in 1906. It has approximately $2.38 billion in assets.
Overview 2022
General Information of the Parent Bank
| FDIC Insured | Yes |
| Insured Parent Bank | Midwest BankCentre |
| FDIC Certificate | # 1058 |
| Date Established | 1906 |
| Assets | $2.38 billion |
| Loans | $1.85 billion |
| Deposits | $1.89 billion |
| Capital | $0.27 billion |
Customer Reviews for Rising Bank, a division of Midwest BankCentre (1)
Rated 4.00 stars out of 5 - based on 1 reviews
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1ONLINE CDOnline Bank-$50,00012 Month3.30%7.95x (National Avg. - 0.42%)$1,000-SCENARIO
Year Rate
3.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,650 1,155 2 51,650 1,704 1,193 3 53,354 1,761 1,232 4 55,115 1,819 1,273 5 56,934 1,879 1,315 6 58,813 1,941 1,359 7 60,754 2,005 1,403 8 62,758 2,071 1,450 9 64,829 2,139 1,498 10 66,969 2,210 1,547 11 69,179 2,283 1,598 12 71,462 2,358 1,651 13 73,820 2,436 1,705 14 76,256 2,516 1,762 15 78,772 2,599 1,820 16 81,372 2,685 1,880 17 84,057 2,774 1,942 18 86,831 2,865 2,006 19 89,697 2,960 2,072 20 92,657 3,058 2,140 TOTAL $45,714 $32,000 - 2ONLINE CDOnline Bank-$50,00012 Month1.65%3.98x (National Avg. - 0.42%)$1,000-SCENARIO
Year Rate
1.65%Annual
InterestAnnual Interest
(After Tax)1 50,000 825 578 2 50,825 839 587 3 51,664 852 597 4 52,516 867 607 5 53,383 881 617 6 54,263 895 627 7 55,159 910 637 8 56,069 925 648 9 56,994 940 658 10 57,934 956 669 11 58,890 972 680 12 59,862 988 691 13 60,850 1,004 703 14 61,854 1,021 714 15 62,874 1,037 726 16 63,912 1,055 738 17 64,966 1,072 750 18 66,038 1,090 763 19 67,128 1,108 775 20 68,235 1,126 788 TOTAL $19,361 $13,553 - 3ONLINE CDOnline Bank-$50,00012 Month3.00%7.23x (National Avg. - 0.42%)$5,000-SCENARIO
Year Rate
3.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,500 1,050 2 51,500 1,545 1,082 3 53,045 1,591 1,114 4 54,636 1,639 1,147 5 56,275 1,688 1,182 6 57,964 1,739 1,217 7 59,703 1,791 1,254 8 61,494 1,845 1,291 9 63,339 1,900 1,330 10 65,239 1,957 1,370 11 67,196 2,016 1,411 12 69,212 2,076 1,453 13 71,288 2,139 1,497 14 73,427 2,203 1,542 15 75,629 2,269 1,588 16 77,898 2,337 1,636 17 80,235 2,407 1,685 18 82,642 2,479 1,735 19 85,122 2,554 1,788 20 87,675 2,630 1,841 TOTAL $40,306 $28,214 - 4LOCAL CDBank-$50,00024 Month3.01%5.57x (National Avg. - 0.54%)$500-SCENARIO
Year Rate
3.01%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,505 1,054 2 51,505 1,550 1,085 3 53,055 1,597 1,118 4 54,652 1,645 1,152 5 56,297 1,695 1,186 6 57,992 1,746 1,222 7 59,737 1,798 1,259 8 61,535 1,852 1,297 9 63,388 1,908 1,336 10 65,296 1,965 1,376 11 67,261 2,025 1,417 12 69,286 2,085 1,460 13 71,371 2,148 1,504 14 73,519 2,213 1,549 15 75,732 2,280 1,596 16 78,012 2,348 1,644 17 80,360 2,419 1,693 18 82,779 2,492 1,744 19 85,271 2,567 1,797 20 87,837 2,644 1,851 TOTAL $40,481 $28,337 - 5LOCAL CDBank-$50,00012 Month3.02%7.28x (National Avg. - 0.42%)$500-SCENARIO
Year Rate
3.02%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,510 1,057 2 51,510 1,556 1,089 3 53,066 1,603 1,122 4 54,668 1,651 1,156 5 56,319 1,701 1,191 6 58,020 1,752 1,227 7 59,772 1,805 1,264 8 61,577 1,860 1,302 9 63,437 1,916 1,341 10 65,353 1,974 1,382 11 67,326 2,033 1,423 12 69,360 2,095 1,466 13 71,454 2,158 1,511 14 73,612 2,223 1,556 15 75,835 2,290 1,603 16 78,126 2,359 1,652 17 80,485 2,431 1,701 18 82,916 2,504 1,753 19 85,420 2,580 1,806 20 87,999 2,658 1,860 TOTAL $40,657 $28,460 - 6LOCAL CDBank-$50,00036 Month3.26%5.12x (National Avg. - 0.64%)$500-SCENARIO
Year Rate
3.26%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,630 1,141 2 51,630 1,683 1,178 3 53,313 1,738 1,217 4 55,051 1,795 1,256 5 56,846 1,853 1,297 6 58,699 1,914 1,340 7 60,613 1,976 1,383 8 62,589 2,040 1,428 9 64,629 2,107 1,475 10 66,736 2,176 1,523 11 68,911 2,247 1,573 12 71,158 2,320 1,624 13 73,478 2,395 1,677 14 75,873 2,473 1,731 15 78,347 2,554 1,788 16 80,901 2,637 1,846 17 83,538 2,723 1,906 18 86,261 2,812 1,968 19 89,073 2,904 2,033 20 91,977 2,998 2,099 TOTAL $44,976 $31,483
Great
June 21, 2021 |
This account is great. Had first opened an online savings account and then I locked into the 18-month No Penalty CD. While interest is still lost if you get out before a quarterly payment date, it provides all the flexibility I need and gives a slightly higher rate. Phone support was excellent and works around some quirks in an imperfect website.
Review on the Parent Bank