Medallion Bank logo

Exclusive offers from Medallion Bank

  • FDIC insured. No fees. $1 minimum deposit.

  • 24/7 online access to funds.

  • Your deposits fund home improvements and outdoor recreation equipment for borrowers nationwide.

Save Now
Medallion Bank logo

Exclusive offers from Medallion Bank

  • FDIC insured. No fees. $1 minimum deposit.

  • 24/7 online access to funds.

  • Your deposits fund home improvements and outdoor recreation equipment for borrowers nationwide.

Save Now

About Medallion Bank

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Reinvesting in our local community

Medallion Bank is a single office digital bank offering savings accounts exclusively online. Through our lending businesses, we help thousands of individuals and families every year improve their homes and buy the RVs and boats of their dreams. Medallion Bank is headquartered in Salt Lake City, Utah and has been recognized by the FDIC with an “outstanding” CRA rating for reinvesting in our local community.

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Unlock the Power of Deposit Insurance

Deposits with Medallion Bank are federally insured up to the FDIC limit.

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How Medallion Is Different

Medallion Bank is a multi-billion dollar, Utah-chartered, FDIC-insured industrial bank established in 2003. We are a wholly owned subsidiary of Medallion Financial (Nasdaq: MFIN), a specialty finance company. We bring to our customers years of experience balancing high-tech offerings with high-touch banking.

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Exceptional Savings

The savings products offered by Medallion Bank exclusively through Raisin feature market-leading rates.

Security Is Our Top Priority

FDIC

FDIC logo

Deposits in Medallion are insured by the FDIC. Deposits are insured 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

Cybersecurity is a top priority at Raisin

SOC2 logo

We invest in a variety of technologies to protect our customer’s data, privacy and transactions. These include multi-factor authentication, encryption, and web application firewall advanced internet protection technologies. We are a SOC 2 certified organization, which means we have met the requirements outlined by the American Institute of Certified Public Accountants (AICPA) to ensure that we have the controls in place to keep customers' data secure and private.

Click to learn more about SOC 2 certification

Medallion Bank, Powered by Raisin

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Medallion Bank uses the secure Raisin platform to offer savings products to savers nationwide. Customers open accounts at Raisin.com, and the platform manages all aspects of the products offered by Medallion Bank, including a customer's deposits and withdrawals, statements and any customer service needs. In simple terms, Raisin provides you exclusive access to a special selection of Medallion Bank products. Best of all, Raisin is completely free!

  • Security: Funds deposited into any of the products accessible through Raisin are held by federally insured institutions. We use a host of cybersecurity measures to protect your funds and sensitive information.

  • Choice: Savings products from our network of financial institutions offer 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 account to hold all your deposit products. Simplified statements. Easy access to manage your funds – all through a streamlined digital platform.

  • Service: A supportive, accessible, responsive customer service team based in New York, NY, sets Raisin apart.

  • Access: Enjoy 24/7 online access to your account and funds.

Press

Read what the media is saying about Raisin.

  • U.S News

    Deposit Solutions is launching its savings portal in the United States

    Read article

Open an Account in 3-5 Minutes

Select a product

Select

the right product for your savings goals.

Register for a Raisin account

Register

with an email address and password, then verify your identity and bank information.

Add funds

Fund

the savings products you add to your new Raisin account.

FAQs

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.

© 2023 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.