The regular CDs offered through Rising Bank have low opening required amounts. These CDs only require $1,000 to open. You must keep this amount in the CD to earn interest. If your account balance falls below $1,000, your CD will not earn interest.

The interest rates for Rising Bank CDs are competitive. Their rates are higher than typical bank CD rates. Rising Bank rates are competitive with other online CDs of the same term length. The CDs do not have tiered interest rates. Any amount over the required opening deposit earns competitive interest rates.

Rising Bank is a completely online bank. You can open any of their accounts online. The process of opening an account is entirely online. They offer a high yield savings account and CDs. The CD terms range from one-year to three-year terms. The CDs come in regular, jumbo, and Rising CDs.

Rising Bank offers a Rising CD. These CDs come in 18-month and 36-month terms. If the interest rates increase during the CDs term, you can increase your CDs interest rate. Once the rate increases, you can also add money to your CD. You can increase your rate once during the 18-month CD term and twice during the 36-month CD term.

Rising Bank offers different types of CDs, but they do not offer a wide variety of term lengths. In the regular CDs, they only offer a one-year, two-year, and three-year CD. The jumbo CDs are available in a two-year term. The Rising CDs are available in 18-month and 36-month terms.

Rising Bank CDs and jumbo CDs have high opening amounts. The Rising CDs require $25,000 to open. The jumbo CD requires $100,000 to open. You must keep these balances in the account to earn interest. If your balance falls below this amount, you will not earn interest.

The interest earned on Rising Bank CDs credits to your account every three months. When the interest is credited, the money is added to your CD amount. If you close your CD before interest credits to your account, you will not receive the interest earned.

Because Rising Bank is an online bank, there are no branch locations. You can only reach customer service through email or telephone. Their website says their customer service is personalized to each customer. The ways to reach customer service is just limited.

Read the full Rising Bank review.

The interest rates for TIAA Bank CDs are competitive. Each of the term interest rates is competitive with other online CD accounts. TIAA rates are much higher than typical bank rates. Their CD rates are not tiered. Any account balance earns competitive rates.

TIAA Bank offers a wide variety of CD terms. Their terms range from three-months to five-years. They offer the basic CD terms between these times, but they offer a nine-month term and a 30-month term as well. TIAA Bank also offers a 42-month Bump Rate term.

TIAA Bank offers on Bump Rate CD. This CD term is a 42-month term. This CD only requires $1,500 to open. If interest rates increase during the CD term, you have the option to bump up to the new interest rate. You can bump up the interest rate once during the CD term. Customers can only have one Bump Rate CD opened at a time.

TIAA guarantees their interest rates earned are in the top five percent of the most competitive accounts. Each week TIAA reviews the rates of competitors. Based on their findings they adjust their rates to make sure they are competitive with the best.

The TIAA Bank high yield CDs have a high opening required amount. Each of these CDs terms require $5,000 to open. TIAA Bank offers the option of CDARS. This is if you want to invest an amount over the FDIC insured limit of $250,000 and still be insured. To open a CDARS CD requires an opening deposit of $10,000.

TIAA Bank offers high yield and regular CDs. The regular CD account interest rates are slightly lower. They are not as competitive as the high yield interest rates. The high yield accounts earn high rates but require a higher opening amount.

The early withdrawal penalty for CDs is high. The Bump Rate CD charges 318 days of interest if you withdraw money before the maturity date. The six-month CDs require 45 days of interest. The 18-month CDs require 136 days of interest. The five-year CDs require 456 days of interest. Other early withdrawal fees vary depending on the CD term.

Once you open a TIAA CD, you cannot make deposits into the CD. The opening deposit is the only deposit allowed until the CD reaches maturity. Contact customer service to decide what happens to your CD once it reaches maturity.

Read the full TIAA Bank review.