Raisin Starter Account – 3.10 % AER for 3 months
Your savings deserve more.
Start saving in minutes and earn 3.10 % AER for 3 months. Available exclusively to new Raisin customers in Ireland.
"Best Savings Provider" 2025
Member of the CCMA
Featured in the CCPC Money Tools
Featured in the Irish Independent
How it works
Opening your Raisin Starter Account is quick, secure, and completely online.
Here’s what to expect:
- Register your Raisin Account – Complete your registration online in just a few minutes.
- Choose the Raisin Starter Account – Earn 3.10 % AER for 3 months.
- Deposit from €1 to €100,000 – Within the set limits for new customers.
- At the end of the 3 months – You can choose to have your savings automatically transferred into another savings account available on our platform, so your money continues to work for you without interruption. Alternatively, you can withdraw your funds to your Nominated Account.
It’s that simple. No fees, no paperwork, no surprises.
Why choose this account
The Raisin Starter Account gives you a simple, flexible way to begin saving, with a guaranteed rate for the first three months and full access to your funds.
- Attractive short-term rate – Earn 3.10 % AER for 3 months, fixed for the full term.
- Flexible access – Withdraw your money anytime; interest is calculated daily.
- Quick start – Open your account online from just €1 in a few easy steps.
- No fees – Opening and managing your account is completely free.
- Seamless next step – When the 3-month term ends, you can easily move your funds to another savings account or withdraw them to your Nominated Account.
Key information
Availability: Only for new customers who haven’t yet opened a savings account via Raisin.
Minimum and maximum deposit: €1 – €100,000.
Term: 3 months (your funds remain accessible during this time).
After 3 months: You can transfer your balance to another savings account or withdraw it to your Nominated Account.
Protection: Deposits are protected up to €100,000 per depositor, per bank, under the German statutory Deposit Guarantee Scheme.
All rates shown are Annual Equivalent Rates (AER).
The AER shows what the interest rate would be if interest were paid and compounded once a year, helping you compare savings accounts more easily.
Tax: No tax is deducted at source. Interest earned is subject to DIRT and must be declared in your annual tax return to Revenue. For more details, visit our page on how to file a tax return in Ireland. Please note that Raisin cannot offer individual tax advice. if you have specific questions, contact Revenue or consult a qualified tax adviser.
For a full overview of key savings account features, see the product information sheet.
Your savings are secure with Raisin
Raisin Bank AG
Is a fully licensed German bank, supervised by the Federal Financial Supervisory Authority (BaFin) and the European Central Bank (ECB).
Deposit Guarantee
Deposits of up to €100,000 per person per bank are legally protected by the national deposit guarantee scheme of the country where the bank is headquartered.
Customer Service
Still have questions? We're here to help! Email contact@raisin.com or send us a message through your Raisin Account. Alternatively, you can call us on +353 1 5461020 from 11:00 a.m. - 15:00 p.m., Monday to Friday.
Frequently asked questions
If I top up the Raisin Starter Account, will the interest rate be the same?
Yes, the same 3.10 % AER (fixed) will apply to your full balance for the full 3-month period, including any top-ups you make during that time. You can add money to your Starter Account at any point while it’s open, up to the maximum balance of €100,000.
Your interest rate stays fixed for the entire three months from the day your account opens. It won’t change, no matter how many times you top up or withdraw.
Can I cancel the account before the 3 months are up?
Yes, you can close your Raisin Starter Account at any time during the 3-month term. There are no penalties or fees for doing so.
You’ll earn interest on your balance up to the day the account is closed, and your balance — including any interest earned — will be sent back to your Nominated Account.
Do I have to choose a Next Step Savings Account?
No, you don’t have to choose a Next Step Savings Account — it’s completely optional.
You can browse available options on the Raisin platform at any time, but there’s no need to decide straight away. You can also change your mind, make a selection, or cancel it any time before your Raisin Starter Account ends.
How is deposit interest taxed?
Raisin Bank (Germany), where your deposits are held, doesn’t withhold any tax on the interest you earn.
This means you’ll receive the full interest amount, and it’s your responsibility to declare it to Irish Revenue in your annual tax return.
If you’re unsure about your tax obligations, you may wish to contact Revenue or an independent tax adviser.
Who should I contact if I have any questions or issues about the Raisin Starter Account?
If you have any questions or need help with your Raisin Starter Account, our Customer Service Team will be happy to assist you.
You can contact us by email at contact@raisin.com, send us a message through your Raisin Account, or call +353 1 546 1020 between 11:00 a.m. and 3:00 p.m., Monday to Friday.
We’re here to help with everything from setting up your account to understanding how your savings work — no question is too small.
How does the Next Step Savings work (automatic rollover)?
If you choose a Next Step Savings Account before your Starter Account ends, your money will be transferred automatically once the 3-month period is over — no extra steps needed.
You’ll earn the interest rate offered by your chosen partner bank from the day the transfer takes place. We’ll send you a reminder before your Starter Account matures, so you have time to review, change, or cancel your selection if you wish.
How safe is my money with Raisin Bank?
Your money is protected under the German Deposit Guarantee Scheme (DGS), which covers deposits up to €100,000 per customer, per bank.
Raisin Bank AG is a fully licensed German bank supervised by the Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank. It is also regulated by the Central Bank of Ireland for conduct of business rules.
This means your funds are held securely in your name, and your savings are protected under EU law, just as they would be with any Irish or European bank covered by a national deposit guarantee scheme.