Earn 4.30% APY*
Open a high-yield savings account offered by Western Alliance Bank, Member FDIC
- Create your Raisin login in minutes
- Grow your savings with exclusive rates & $0 platform fees
- Earn up to a $1,000 cash bonus from Raisin with code STACK¹
Earn up to $1,000 with code STACK at sign-up.
Bank
Product
APY*
New Raisin Users: 90-Day Rate Lock
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.
New customer offer: here's how to earn up to $1,000¹
A smart savings strategy starts with a strong foundation. Sign up with code STACK and deposit $10,000 or more to secure your welcome bonus while earning top rates.
Earn an extra bonus on top when you split your qualifying total balance between a savings account and a CD. See full terms below.¹
Why save with Western Alliance Bank on Raisin
Raisin partners with banks like Western Alliance Bank to make it easier for smart savers (like you!) to discover and open exclusive savings products.
FDIC insured
All deposits are held directly with Western Alliance Bank and qualify for FDIC insurance up to $250,000, per depositor, subject to certain conditions.
$90B+ in assets nationwide
Western Alliance Bank, Member FDIC, is a leading national bank for business that puts customers first, delivering tailored business banking solutions and consumer products backed by outstanding, personalized service and specific expertise.
Award winning
Western Alliance has ranked as a top U.S. bank by American Banker and Bank Director since 2016. In 2025, Western Alliance Bancorporation was #2 for Best CEO, Best CFO and Best Company Board of Directors on Extel’s All-America Executive Team Midcap Banks list.
It only takes a few minutes to start earning
1. Browse offers
Select a high-yield savings product to get started. Easily switch or add products at any time after you sign up.
2. Create your account
Verify your identity and sign up. Your account allows you to manage savings products via Raisin’s secure platform.
3. Deposit funds
Link your bank and fund your first savings product; all it takes is just $1 to get started.
Frequently asked questions
How does Raisin work?
Raisin is a free financial platform that gives you access to exclusive high-yield savings rates from a network of 100+ trusted banks and credit unions, allowing you manage all your savings in one place.
Once you create your free account, you can easily open and fund multiple CDs and high-yield savings accounts with as little as $1. Your Raisin dashboard lets you seamlessly move money between products as rates change, allowing you to skip the hassle of opening separate accounts and managing multiple passwords across various banks.
It’s a simple way to maximize your returns while keeping your funds protected.
Is Raisin a bank?
No. Raisin is not a bank. We are a financial platform that connects you with federally insured banks and credit unions. When you open an account through Raisin, your deposits are placed directly with the financial institution and are not held by Raisin.
Because we are not a bank, we are able to work with many different financial institutions. This gives you access to a wider range of savings options that you might not find on your own.
When using Raisin, do I become a customer of each partner institution, and do I need to register with them individually?
When you join Raisin, you manage all your deposits through our single, secure platform. This means you do not register with partner institutions individually, and you are not a customer of those banks. Instead, your relationship remains with Raisin and the Custodial Bank that holds your funds.
How are my deposits protected?
Your deposits are always held at federally insured banks or credit unions — not by Raisin. That means your money is eligible for pass-through insurance from the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA), which covers up to $250,000 per institution, per depositor. For more information on pass-through deposit insurance, please click here.
Because Raisin works with over 100 banks and credit unions, you can spread your savings across multiple accounts — all through one secure Raisin login — to help keep more of your money protected.
What is pass-through insurance?
Raisin is not a bank. When you open an account through Raisin, your deposits are held at a partner bank or credit union that is federally insured by the FDIC or NCUA.
Pass-through insurance means your deposits are eligible for up to $250,000 of coverage per institution, per depositor — even when your account is opened through a third-party platform like Raisin. You’re still considered the beneficial owner of the funds, just as if you had opened the account directly with the bank or credit union.
Certain conditions must be met for pass-through FDIC or NCUA deposit insurance coverage to apply.
If Raisin is free to use, how do you make money?
Raisin does not charge platform or maintenance fees, and we never take a cut of the interest you earn. Instead, our partner banks and credit unions compensate us for the technology and support we provide to host their products. This allows you to access top rates while helping financial institutions connect with savers they may not have been able to reach before.
Learn more about how Raisin works here.
How do I move money in and out of Raisin?
You can manage your funds anytime via your Raisin dashboard, with most transfers settling in 1-2 business days. Note: withdrawal rules vary by product — see individual product terms for details.
Withdrawing funds during the 90-day holding period will impact your payout. Your final welcome bonus is determined by the lowest balance you maintain continuously throughout the 90 days. If a withdrawal drops your balance into a lower tier, your payout will be reduced, and if your total balance dips below the $10,000 promotional minimum, you may be disqualified entirely.
Additional, if you have a CD that matures before day 90, you just need to keep those funds deposited on the platform through day 90 to maintain your total balance tier.
For transaction details and timelines, please click here.
How do rate lock offers work?
Rate lock offers allow you to secure a promotional APY on select savings accounts for a specified term (e.g., 60, 90, 120 days). Once the promotional period ends, the rate shifts to a standard variable APY, but you retain full flexibility to withdraw your funds at any time. See product terms for specific details.
Rate Lock offers qualify for both the STACK welcome bonus and the optional boost, provided all other promotional requirements are met. Note: Withdrawing funds during your 90-day maintenance period may reduce your qualifying balance and impact your final bonus payout.
How do I qualify for the STACK bonus?
To earn your base welcome bonus, use promo code STACK when registering your new account between September 1 and October 31, 2026, deposit at least $10,000, and hold those funds continuously for 90 days. You have a full 14-day funding window starting from your first deposit to make multiple transfers and reach a higher bonus tier.
Satisfying these base requirements is mandatory to unlock and earn the optional bonus boost. You can add this boost during your 14-day window by spreading your funds on the platform across at least two distinct product categories by day 14. You must allocate at least $1,000 to your secondary product category. The eligible product categories are:
- Category 1 (Savings): High-yield savings accounts, money market deposit accounts, and "rate-lock" savings accounts
- Category 2 (CDs): High-yield CDs
- Category 3 (Specialty CDs): No-penalty CDs and callable CDs
Your total cash bonus, including your base welcome bonus and any optional bonus boost, will be deposited directly into your Cash Account within 30 days after you successfully satisfy all qualification and holding terms.
Click here to view complete offer details.
¹New customers only. Earn a cash bonus (the "Welcome Bonus") when you deposit and maintain funds with partner banks on the Raisin platform. Customers will receive a Welcome Bonus of $40 for depositing between $10,000 and $24,999; $100 for depositing between $25,000 and $49,999; $200 for depositing between $50,000 and $99,999; $425 for depositing between $100,000 and $199,999; and $900 for depositing $200,000 or more. If the Qualifying Deposit balance declines at any time during the maintenance period below the minimum required for a bonus tier, the customer will be placed in the bonus tier corresponding to the lowest Qualifying Deposit balance maintained during that period.
Savings + CD Boost: Customers eligible for the Welcome Bonus may earn an additional bonus by opening a product in a second product category. To qualify, customers must deposit at least $1,000 into the secondary product category within 14 days of their initial deposit and maintain balances over $1,000 in both categories through 90 days from the initial deposit date.
For the purposes of this promotion, High-Yield Certificates of Deposit constitute one product category; No-Penalty CDs and Callable CDs constitute a second product category; and Savings Accounts (including Money Market Deposit Accounts, High-Yield Savings Accounts, and Rate Lock Savings Accounts) constitute a third product category. Savings + CD Boost eligibility is determined by your Welcome Bonus tier: customers depositing between $10,000–$24,999 receive an additional $10; $25,000–$49,999 receive an additional $25; $50,000–$99,999 receive an additional $50; $100,000–$199,999 receive an additional $75; and $200,000 or more receive an additional $100.
The Savings + CD Boost is optional and paid in addition to the Welcome Bonus. To qualify for the Welcome Bonus and Savings + CD Boost, your first deposit must be initiated between September 1, 2026, and October 31, 2026, by 11:59 PM ET, and the promo code STACK must be entered at the time of sign-up. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days of the initial deposit date will be eligible for the Welcome Bonus and Savings + CD Boost. Bonus cash will be credited directly to your Cash Account within 30 days of meeting all qualifying terms. This offer is available to new customers only, is non-transferable, and may not be combined with any other bonus offers. Raisin may modify or end this offer at any time and may withhold or revoke bonuses in cases of fraud, abuse, or violation of these terms or Raisin’s Terms of Service.
²APY means Annual Percentage Yield. APYs are accurate as of October 19, 2026. The 4.30% Promo APY is a 90-day rate lock offer provided by Western Alliance Bank, Member FDIC, through the Raisin platform. Funds are deposited in an omnibus custodial account at the participating bank. Pass-through FDIC insurance coverage is subject to satisfying FDIC record-keeping requirements. See specific product terms for full details, including eligibility requirements and post-promo rates. Interest rate and APY may change after initial deposit depending on the terms of the specific product selected. Comparison rate sources: Marcus, American Express, and Capital One, which are accurate as of October 19, 2026 reflecting New York rates for similar products. Rates may vary by state and do not account for bonus, special or promotional APYs unless otherwise stated. National Average is based on the APY average for savings accounts with a minimum balance of at least $2,500 as reflected in the FDIC’s published National Rates and Rate Caps for Savings deposit products, accurate as of October 19, 2026. See the FDIC website for more information.
© 2026 Raisin SE. All rights reserved.
The Raisin name and logo are trademarks of Raisin SE. All other trademarks, logos, marks, and brand names are the property of their respective owners.
*APY means Annual Percentage Yield. APY is accurate as of October 20, 2026. Interest rate and APY may change after initial deposit depending on the terms of the specific product selected. Minimum opening deposit is $1.00.
Raisin is not an FDIC-insured bank or NCUA-insured credit union and does not hold any customer funds. When you make a deposit, your funds are held by a Custodial Bank in an account for your benefit at the FDIC-insured bank or NCUA-insured credit union you select; you do not become a direct customer of that bank or credit union. . FDIC deposit insurance only covers the failure of an insured bank. NCUA deposit insurance only covers the failure of an insured credit union. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply.
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 by the applicable bank or credit union through Raisin.com. Each customer also authorizes the Service Bank to move funds among the various banks and credit unions at the customer’s request. First International Bank & Trust (FIBT), Member FDIC, is the Service Bank. Bell Bank and Starion Bank, each Member FDIC, are the Custodial Banks.
†Based on $250,000 in FDIC or NCUA insurance coverage per insurable category of ownership at each partner bank or credit union on the Raisin platform (each a "Product Bank"), when aggregated with all other deposits held by you at such Product Bank and in the same insurable category. Deposits made through Raisin will be eligible to receive deposit insurance from the FDIC or the NCUA (each a "Deposit Insurer") in accordance with and up to the maximum amount permitted by law at each Product Bank. Raisin is not a bank or credit union and does not hold any customer funds. Funds are held at FDIC-insured banks and NCUA-insured credit unions. Deposit insurance covers the failure of an insured bank or credit union. Certain conditions must be satisfied for pass through deposit insurance coverage to apply. Customers may choose to deposit funds with identically registered accounts at different Product Banks on the Raisin platform to be eligible for Deposit Insurer coverage up to $10 million for individual accounts and $20 million for joint accounts when at least 40 Product Banks are utilized. Please be aware, however, that any deposits you have at a Product Bank, whether through the Raisin platform or outside the Raisin platform, that you may hold in the same capacity (such as in an individual capacity or joint capacity) count toward the applicable Deposit Insurer's deposit insurance maximum amount, and any such amounts that you hold in the same capacity at a Product Bank that exceed the maximum insurance coverage by the applicable Deposit Insurer will not be insured. For more information on FDIC deposit insurance, please see here. For more information on the NCUA share insurance fund, please see here. You are solely responsible for monitoring the amount of funds you have on deposit at each a Product Bank, whether through the Raisin platform or outside the Raisin platform, to confirm that the deposits you hold in the same capacity at each Product Bank do not exceed the maximum deposit insurance coverage provided by the applicable Deposit Insurer.