More than 1 million savers worldwide
Coming soon: The Raisin Cash ISA, powered by ClearBank
Launching this autumn, the Raisin Cash ISA is a fully-digital, multi-bank Cash ISA. Get a consistently competitive rate of interest on your tax-free savings.
What is the Raisin Cash ISA?
Traditional ISAs often tie you to a single institution. The Raisin Cash ISA is different.
As a multi-bank Cash ISA, the Raisin Cash ISA, powered by ClearBank, will give you the freedom to spread your tax-free savings across different accounts from our partner banks.
How will it work?
1. Open your Raisin Cash ISA
Follow the instructions to set up your tax-free wrapper in minutes (you’ll need to register for a free Raisin account if you haven’t already).
2. Select your ISA-wrapped savings accounts
Compare and open ISA-wrapped savings accounts from our partner banks. You need to take this step to start earning interest.
3. Track your tax-free savings
View your total savings, interest earned, and remaining ISA allowance in one intuitive dashboard.
Register your interest
The Raisin Cash ISA, powered by ClearBank, launches this autumn. Join the waiting list now to be the first to hear when it's live.
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Frequently asked questions
When will the Raisin Cash ISA launch?
The Raisin Cash ISA will launch this autumn. Sign up to be the first to hear when it's live.
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What is a flexible Cash ISA?
A flexible Cash ISA allows you to withdraw money and put it back in during the same tax year without reducing your annual ISA allowance. This gives you easier access to your savings when you need them.
Please note that withdrawing funds early from a fixed rate bond held in the Raisin Cash ISA may incur a penalty, which will be made clear in the Product Fact Sheet.
How does a multi-bank Cash ISA work?
Once it's launched, you will only open one Raisin Cash ISA. When your account is funded, you will then be able browse and select from various ISA products offered by our partner banks. All your chosen products will be held within your single Raisin account.
Are my funds protected?
Yes. Your eligible deposits are protected up to £120,000 per person, per bank by the Financial Services Compensation Scheme (FSCS). Spreading your funds across different partner banks allows you to cover more of your savings with FSCS protection.
Learn more about FSCS protection
Does it cost anything to use Raisin?
No. Our platform is completely free to use. We receive a commission from our partner banks, which allows us to offer you this service at no cost.
Can I open multiple ISAs?
Under current UK tax rules, you can open and contribute to multiple ISAs in the same tax year, provided you do not exceed your total annual ISA allowance.
Who can open a Cash ISA?
You can open a Cash ISA if you are aged 18 or over and are a UK resident for tax purposes.
What is the current annual ISA allowance?
The tax-free ISA allowance is £20,000 per tax year. This limit applies to your total contributions across all the different types of ISAs you hold.
From 6 April 2027, the tax-free Cash ISA allowance for under 65s will reduce to £12,000 per tax year. A further £8,000 can be deposited in a Stocks & Shares ISA. Over-65s will retain the £20,000 Cash ISA allowance.
Can I transfer an existing ISA to Raisin?
Yes, when it's live, you will be able to transfer funds from an existing ISA to a Raisin Cash ISA without reducing your current annual allowance. You must use the official ISA transfer process rather than withdrawing the money yourself to ensure your savings keep their tax-free status.
How to transfer an ISA
Can I carry over any unused ISA allowance?
No. Your annual allowance applies to a single tax year. A tax year runs from 6 April to 5 April the following year. Any allowance you do not use will not roll over to the next tax year.
What is the difference between a Cash ISA and a standard savings account?
The main difference is how your interest is taxed. With a Cash ISA, all the interest you earn is completely tax-free. With a standard savings account, you may need to pay tax on your interest if it exceeds your Personal Savings Allowance. Read our page on fixed rate bonds vs ISAs.
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All interest rates displayed are Annual Equivalent Rates (AER), unless otherwise explicitly indicated. The AER illustrates what the interest rate would be if interest was paid and compounded once a year. This allows individuals to compare more easily what return they can expect from their savings over time.
Raisin UK is a trading name of Raisin Platforms Limited which is authorised and regulated by the Financial Conduct Authority (FRNs 813894 and 978619). Raisin Platforms Limited is registered in England and Wales, No 11075085. Registered office: Cobden House, 12-16 Mosley Street, Manchester M2 3AQ, United Kingdom. The information on this website does not constitute financial advice, always do your own research to ensure it's right for your specific circumstances. Tax treatment depends on the individual circumstances of each customer and may be subject to change in the future.