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
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
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 insuranceNational Credit Union Administration
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
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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.
¹Based on $250,000 in FDIC or NCUA insurance coverage per insurable category of ownership at each partner bank or credit union on the Raisin platform (each a "Product Bank"), when aggregated with all other deposits held by you at such Product Bank and in the same insurable category. Deposits made through Raisin will be eligible to receive deposit insurance coverage from the FDIC or the NCUA (each a “Deposit Insurer”) in accordance with and up to the maximum amount permitted by law at each Product Bank. Customers may choose to deposit funds with identically registered accounts at different Product Banks on the Raisin platform to be eligible for Deposit Insurer coverage up to $10 million for individual accounts and $20 million for joint accounts when at least 40 Product Banks are utilized. Please be aware, however, that any deposits you have at a Product Bank, whether through the Raisin platform or outside the Raisin platform, that you may hold in the same capacity (such as in an individual capacity or joint capacity) count toward the applicable Deposit Insurer’s deposit insurance maximum amount, and any such amounts that you hold in the same capacity at a Product Bank that exceed the maximum insurance coverage by the applicable Deposit Insurer will not be insured. For more information on FDIC deposit insurance, please see: https://www.fdic.gov/deposit/covered/categories.html. For more information on the NCUA share insurance fund, please see: https://www.ncua.gov/support-services/share-insurance-fund. You are solely responsible for monitoring the amount of funds you have on deposit at each a Product Bank, whether through the Raisin platform or outside the Raisin platform, to confirm that the deposits you hold in the same capacity at each Product Bank do not exceed the maximum deposit insurance coverage provided by the applicable Deposit Insurer.
Customer funds are held in various custodial deposit accounts. Each customer authorizes the Custodial 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 Custodial 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 (CBKC), Member FDIC, d.b.a. Central Payments is the Service Bank. CBKC, Lewis & Clark Bank and Starion Bank, each Member FDIC, are the Custodial Banks.