Explore Savings Products from Nelnet Bank

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

  • 24/7 online access to funds.

  • Helping students and families succeed.

  • {ED1BB83E2D5F449DB721C3EF-APY} APY High Yield Savings Account, {ED1BB83E2D5F449DB721C3EF-APY}{FDIC-S} higher than national average.

Save Now

Explore Savings Products from Nelnet Bank

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

  • 24/7 online access to funds.

  • Helping students and families succeed.

  • {ED1BB83E2D5F449DB721C3EF-APY} APY High Yield Savings Account, {ED1BB83E2D5F449DB721C3EF-APY}{FDIC-S} higher than national average.

Save Now

About Nelnet Bank

Nelnet Bank (Member FDIC and Equal Housing Lender) was founded to help families achieve their dreams with financial knowledge and access to education. Nelnet Bank started by delivering funding options to students and families—but they’re graduated to do much more.

Today, their list of products includes private student loans, student loan refinance, home improvement loans, business CDs, and business high-yield savings accounts—and they’re just getting started.

Your Funds Stay Insured

Deposits at Nelnet Bank are federally insured by the FDIC, up to $250,000 per depositor, for each account ownership category.

Focused on Students and Families

Nelnet Bank fosters healthy spending and saving habits for students and families.

stack of coins

Exceptional Savings Opportunities

The savings products offered by Nelnet Bank, exclusively through Raisin, feature competitive rates.

Security Is Our Top Priority


FDIC logo

Deposits in Nelnet Bank 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

Nelnet Bank, Powered by Raisin

Nelnet 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 Nelnet Bank, including a customer's deposits and withdrawals, statements and any customer service needs. 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.


Read what the media is saying about Raisin.

  • The Motley Fool

    Raisin review: Easy access to some of the highest savings rates available

    Read article

Open an Account in 3-5 Minutes

Select a product


the right product for your savings goals.

Register for a SaveBetter account


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

Add funds


the savings products you add to your new Raisin account.


Secure Messaging Center

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. Rate multiplier sources: fdic.gov/resources/bankers/national-rates/; https://www.ncua.gov/analysis/cuso-economic-data/credit-union-bank-rates

Raisin is not an FDIC-insured bank or an NCUA-insured credit union, and does not hold any customer funds. Funds deposited through Raisin are exclusively held at federally insured financial institutions. FDIC or NCUA deposit insurance coverage covers the failure of partner banks and credit unions on the Raisin platform.

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.