How does Raisin work?

With a single free Raisin login, you can spread your savings across multiple federally insured banks and credit unions, allowing you to get the most out of federal deposit insurance and put your cash to work for you.

How does Raisin work?

With a single free Raisin login, you can spread your savings across multiple federally insured banks and credit unions, allowing you to get the most out of federal deposit insurance and put your cash to work for you.

Meet Raisin

It's time to kickstart your savings journey! Opening a no-fee Raisin account only takes a couple of minutes and allows you to access our entire network of federally insured banks and credit unions.

Your secure savings solution

how the Raisin platform works

Our platform is an online marketplace where you can access deposit products offering some of the best interest rates available, from a nationwide network of banks and credit unions. Through one convenient account, you can fund and manage savings accounts, money market deposit accounts (MMDAs), and certificates of deposit (CDs), building a savings strategy that fits your needs.

An exclusive selection of savings solutions, in one place

Many of us have settled for the deposit products offered by the bank or credit union where we already have a relationship. Researching and opening accounts elsewhere and keeping tabs on their progress requires time, so many savers don't bother to shop around. Enter Raisin: We selectively partner with federally insured banks and credit unions across the U.S. to offer savings products with top rates through one easy-to-use online marketplace.

Many banks and credit unions, one account, one statement

Customers can select savings products from multiple banks and credit unions and then manage all of their products from one single Raisin account. Each month, you get one statement showing balances and earned interest across all the deposits you're holding.

How your money moves

A federally insured bank or credit union always holds your cash. When you fund a bank or credit union product, the money is directly transferred from your bank to a custodial account at the financial institution offering the product you selected. This custodial account holds the funds for every Raisin customer at that financial institution. Whenever you deposit funds, it’s held by the Custodian Bank for your benefit.  Anytime you want to check your balances, make a change, or get tax statements, everything you need is accessible through your Raisin account.

All deposit balances on the Raisin platform are held at federally insured financial institutions

Federal Deposit Insurance Corporation

FDIC logo

All participating banks are members of the FDIC. Deposits in participating banks are insured by the FDIC up to the limits of federal law. The standard insurance amount is $250,000 per depositor, per insured bank, for each deposit account ownership category.

Click to learn more about FDIC insurance

National Credit Union Administration

NCUA logo

All participating credit unions are insured by the NCUA through its Share Insurance Fund. Deposits in participating credit unions are insured by the NCUA up to the limits of federal law. The standard insurance amount is $250,000 per depositor, per insured credit union, for each deposit account ownership category.

Click to learn more about NCUA insurance

SOC2 certified platform

SOC 2 is a designation that confirms a company’s information security measures are up to snuff and have been properly executed. More precisely, SOC 2 ensures that an online savings bank has detailed, ongoing internal procedures to keep their customers’ information safe and protected.

How Raisin compares

With Raisin
One secure account guards your personal data and safely allows you to tap into yields from multiple savings products

VS

With traditional banking
Multiple signups, savings accounts, and products at different institutions each require you to provide sensitive personal information.
With Raisin
The platform brings together diverse and competitive federally insured savings products, including CDs with a range of terms, that increase your earnings potential.

VS

With traditional banking
There are fewer product options, possibly limiting your savings potential.
With Raisin
Only one account is required. You manage all your chosen savings products through the Raisin platform.

VS

With traditional banking
By opening new accounts at multiple institutions, you get more statements, must remember more passwords, and waste time.

Secure Messaging Center

Email: support.us@raisin.com

Call: 844-994-EARN (3276) (Monday to Friday from 9:00 a.m. - 4:00 p.m. ET)

The Raisin name and logo are trademarks of Raisin GmbH. All other trademarks, logos, marks, and brand names are the property of their respective owners — used with permission.

© 2024 Raisin GmbH. All rights reserved.

*APY means Annual Percentage Yield. APY is accurate as of {todayDate}. Interest rate and APY may change after initial deposit. Minimum opening deposit is $1.00.

Customer funds are held in various custodial deposit accounts. Each customer authorizes the Custodian Bank to hold the customer’s funds in such accounts, in a custodial capacity, in order to effectuate the customer’s deposits to and withdrawals from the various bank and credit union products that the customer requests through Raisin.com. The Custodian Bank does not establish the terms of the bank or credit union products and provides no advice to customers about bank or credit union products offered through Raisin.com. Central Bank of Kansas City, Member FDIC, d.b.a. Central Payments is the Service Bank. Lewis & Clark Bank is the Custodian Bank.