FAQ Explained: Is Rize a Bank?
Rize is built to be a simple saving solution for millennials. We created Rize account as individual brokerage accounts (custodied at our brokerage partner, Apex Clearing Corp) to be able to benefit our users and expand our functionality faster. 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.
Everything we do allows us to provide a much higher interest rate, use a Pay What You Want model, and provides much more flexibility in terms of how we expand our functionalities. We built Rize for YOU, and make every decision with your experience as the number one priority.
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Rize proudly offers live support from real people. Just like you, we're not always in the office over the weekends. We work to answer all inquires within 24-hours Monday-Friday.