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
CD RATES APY MIN

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
  • 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

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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.

  • 1
    ONLINE CD
    Online Bank
    -
    $50,000
    12 Month
    3.30%
    7.95x (National Avg. - 0.42%)
    $1,000
    -
    SCENARIO
    Year Rate
    3.30%
    Annual
    Interest
    Annual 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
  • 2
    ONLINE CD
    Online Bank
    -
    $50,000
    12 Month
    1.65%
    3.98x (National Avg. - 0.42%)
    $1,000
    -
    SCENARIO
    Year Rate
    1.65%
    Annual
    Interest
    Annual 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
  • 3
    ONLINE CD
    Online Bank
    -
    $50,000
    12 Month
    3.00%
    7.23x (National Avg. - 0.42%)
    $5,000
    -
    SCENARIO
    Year Rate
    3.00%
    Annual
    Interest
    Annual 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
  • 4
    LOCAL CD
    Bank
    -
    $50,000
    24 Month
    3.01%
    5.57x (National Avg. - 0.54%)
    $500
    -
    SCENARIO
    Year Rate
    3.01%
    Annual
    Interest
    Annual 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
  • 5
    LOCAL CD
    Bank
    -
    $50,000
    12 Month
    3.02%
    7.28x (National Avg. - 0.42%)
    $500
    -
    SCENARIO
    Year Rate
    3.02%
    Annual
    Interest
    Annual 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
  • 6
    LOCAL CD
    Bank
    -
    $50,000
    36 Month
    3.26%
    5.12x (National Avg. - 0.64%)
    $500
    -
    SCENARIO
    Year Rate
    3.26%
    Annual
    Interest
    Annual 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