Advisor Credit Exchange Savings & Deposit Offerings
- No fees from Raisin. $1 minimum deposit.
- 24/7 online access to funds.
- Supports small businesses
Explore all products
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Bank
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APY
Raisin is not an FDIC-insured bank or NCUA-insured credit union and does not hold any customer funds. FDIC deposit insurance covers the failure of an insured bank and NCUA deposit insurance coverage covers the failure of an insured credit union.
Savings & Deposit Offerings, powered by Raisin
Advisor Credit Exchange is excited to introduce a new savings platform with a variety of high-yield deposit products to better serve our clients’ cash and liquidity needs. We have partnered with Raisin to deliver a suite of banks and credit unions offering competitive federally regulated savings accounts and certificates of deposit. This is a value-added service we provide for our clients through our partnership with Raisin.
What is Raisin?
The Raisin platform features an exclusive selection of high-yielding products offered by our network of banks and credit unions. It’s your destination to discover competitive savings products and start saving wisely. Select and fund multiple savings products from different institutions, and manage them all from one account!
Safety
Raisin partners exclusively with federally regulated institutions with comprehensive cybersecurity programs. Raisin itself invests in a suite of state-of-the-art cybersecurity measures including certifications and assessments, data monitoring and data encryption.
Choice
Choose from a diverse selection of savings products offering flexible terms and some of the most competitive interest rates. You can easily find the right product or mix of products for you.
Convenience
One login to hold all your deposit products. Simplified statements. Easy access to manage your funds – all through a streamlined digital platform.
Understanding the different product types
High-yield savings & MMDA | Fixed-term CDs | No-penalty CDs | |
|---|---|---|---|
Definition | Expedite your savings with APYs significantly higher than the national average. | Guaranteed rates and clear terms for easy planning or laddering — whatever your timeline. | Stability and flexibility in one: guaranteed interest rates, plus penalty-free full withdrawal. |
Benefits | Receive a competitive rate with the ability to withdraw or add funds whenever you like. | Lock in to a competitive interest rate for a fixed period to better manage your return expectations. | The best of both worlds; lock in to a competitive fixed term interest rate with the flexibility of withdrawing. |
Interest rate | Variable, depending on market conditions. | Fixed for CD term regardless of market conditions. | Fixed for CD term regardess of market conditions. |
Withdrawals | Flexibility to withdraw as much as you want, whenever you want; there are no restrictions. | Full withdrawal when fixed term expires. Penalty fee applies for early withdrawal, varies by institution. | You can make a full withdrawal as soon as 7 days after funding but rules may vary at different institutions. |
Develop a cash strategy to meet your unique needs
Use each type of product to make the most out of your short and long-term cash requirements as interest rates change over time. Savings accounts are subject to rate increases and decreases. With CDs, on the other hand, the interest rate is fixed for its specific term. Developing a cash strategy that takes into account both fixed rates (for periods of interest rate uncertainty or to lock into attractive rates) and variable rates (high-yield savings for short term cash needs or if rates are expected to increase) may help you better achieve your long term goals.
Open an Account in Minutes
Select
the right product for your savings goals.
Register
with an email address and password, then verify your identity and bank information.
Fund
the savings products you add to your new Raisin login.
How taxes are taken care of
You will receive a 1099-INT for each eligible savings product for each calendar year for income tax reporting requirements.
FAQs
Raisin is a free digital platform that gives savers unparalleled access to a variety of deposit products through the convenience of a single login, helping you unlock the growth potential of your cash savings.
With the Raisin platform, you can fund deposit products offered by federally regulated banks and credit unions with a wide range of maturities and APYs (annual percentage yield), allowing you to build a savings strategy to suit your earning and liquidity needs.
Raisin is not a bank or credit union. It provides the digital “storefront” where banks and credit unions can promote their deposit products.
Raisin is operated by Raisin Solutions US LLC, a 100% subsidiary of Raisin SE, a trailblazer for open banking in the deposits and investments space. In the U.S., Raisin helps banks and credit unions improve their deposit funding by offering national reach for their retail deposit products, and provides savers with better access, more choice and higher convenience when evaluating savings products from federally regulated banks and credit unions.
- High-yield Savings Account (HYSA). As its name indicates, this account type functions like a traditional savings account—with typically no restrictions on depositing and withdrawing funds—but earns interest at rates that are higher than the national average for standard savings accounts.
- Money Market Deposit Account (MMDA). Also known as a money market account or MMA, this type of savings account offers a varying rate that allows you to earn interest on your funds with maximum flexibility for withdrawals. Like a HYSA, an MMDA offers features of a traditional savings account with typically higher returns.
- No Penalty CD. Through the flexibility of a No Penalty CD, you can lock in a competitive rate for a fixed term with the option to make a full withdrawal without having to pay a penalty for the early termination. Terms and conditions may vary by product. Please see specific product terms for more details.
- Fixed Term CD. With this longstanding savings vehicle, funds are held for a fixed term, and a competitive interest rate provides safe, predictable earnings. In contrast to No Penalty CDs, typically you are charged a fee if you do not complete the full term of the Fixed Term CD.
Interest (or dividend in the case of credit union savings products) is compounded daily and posted to your account monthly.
At Raisin, cybersecurity is our priority. Raisin is a SOC 2 certified platform, meaning it has been validated by outside auditors across five (5) key information security principles. We also use a variety of measures to protect our customers' data, privacy and transactions, including:
- User authentication. The Raisin platform uses multi-factor authentication combined with leading authentication technology to validate our customers’ identities.
- Data encryption. Your personal information is encrypted in-transit and at rest using advanced cryptographic security algorithms.
- Site protection. Web application firewall advanced internet protection technologies are implemented to protect Raisin.com from malicious actors, botnets and denial of service attacks (DDOS).
- Monitoring. An always-on information security monitoring platform detects and alerts us to information security events.
- Assessments. Our platform undergoes vigorous security assessments and testing throughout the lifecycle of application development, from architecture planning to production phases.
Creating a Raisin login is easy, requires no credit check, and typically takes less than five minutes. Here’s how:
- View the offers on our savings marketplace and select a savings product offered by one of our partner banks and credit unions.
- Follow prompts to enter your email and create a password.
- Complete a simple online application and, after successful identity verification, link a bank account from which to fund your first deposit.
- Start earning interest as soon as your money is received by the bank or credit union offering the savings product you selected.
Any questions or concerns? Email us at support.us@raisin.com.
All deposits and withdrawals are completed within one to three (1-3) business days. After the initial deposit a withdrawals limitation for the first few business days may exist.
Business days are Monday through Friday excluding U.S. bank holidays.
For products offered by banks, all necessary registration is handled when you become a Raisin customer. One of the many benefits of our platform is that you can open a single account and earn competitive interest rates from banks in the Raisin network. When you select and fund a savings product offered by a credit union, there is an additional step of becoming a member. Raisin makes that process quick, easy and free. You still have one Raisin login and can view all your savings products in one convenient dashboard.
The current APY for your savings products can always be viewed on the Account Overview page when you are logged in to Raisin. This information also appears on monthly statements.
You cannot currently link your Raisin login to a third-party app, but we may offer this feature in the future. For now, you will not be able to link your selected savings product to a third-party app even if the bank or credit union offering that product does so outside of the Raisin platform.