People always ask us why and how we keep our interest rate high.
We’ll let you in on a little secret. Your bank could give you the same rate. Why don’t they? Because they don’t have to; they know you will bank with them even if they offer you a fraction of a percent of the interest they keep.
Here at Rize we believe that just because we can dip into your interest doesn’t mean we should. Rizers make 1.65% APY because we chose to pass 100% of your savings interest right back to you. Simply put, we believe it is the right thing to do.
Interest is compounded and deposited into your account around the 15th of each month.