No; Rize is an independent savings account. Everything we do allows us to provide a supercharged savings account that changes with your lifestyle. We operate as individual brokerage accounts rather than a bank – and for a good reason. As a brokerage account you get a much higher interest rate. On top of high interest, it allows us to offer a Pay What You Want model, and provides much more flexibility in terms of how we expand our functionality. We built Rize for YOU, and make every decision with your experience as the number one priority.
Currently, all of the money in each Rize account is held in cash and simply earns interest. Rize Advisors, LLC is an SEC-registered investment advisor. Read more on our legal page.)