Introducing the Cash Account

Faster transfers between products and more interest potential are now here!

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What is a Cash Account?

You asked, we delivered.

One of the most highly requested features for the platform has been an easier, faster way to transfer money between products on the platform. We understand that your savings goals can change over time and we think you deserve an easy way to adjust your deposits as you’d like.

That is why we have introduced the Cash Account, a new hub for transactions to, from, and within the Raisin platform.

Because money no longer has to leave the platform when transferring between products, your deposits are now be able to arrive at their destinations faster — meaning more days to earn interest and more money in your pocket.

How does it work?

In order to facilitate accelerated money movements between products, we have enhanced the way money flows to, from, and within the platform. Your Cash Account is the hub of these money flows and will serve as the source for all withdrawals you make from products on the Raisin platform. With the addition of your Cash Account, you will see some new ways we describe the ways money moves to, from, and within the platform.

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Benefits of the Cash Account

An enhanced savings experience is officially here! Offering a suite of benefits, including accelerated money transfers between products, amplified interest-earning opportunities, and the convenience of securely storing funds between deposits, the Cash Account is here to help you with a seamless and rewarding way to save.

More interest-earning potential

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We understand that savings goals change over time and you may need to adjust your portfolio accordingly. With your Cash Account, you are able to move funds more seamlessly between products, giving you greater flexibility and speeding up your savings journey.

Our goal is to help savers get the most out of their savings — and that includes earning as much interest as possible. When transferring between products with the Cash Account, you are able to start earning interest faster than ever before, maximizing your interest-earning potential.

The flexibility to store funds between deposits

We want you to have the freedom to add savings products to your portfolio when you want based on your current savings needs. That’s why your Cash Account on the Raisin platform offers you the ability to directly transfer in funds from your external account and store cash for future deposits. You can then add as many products as you’d like from as many of our partner banks and credit unions as you’d like — whenever you’d like. Plus, you’ll be able to see more of your funds within the Raisin platform, allowing you to use the Raisin platform for a more holistic view of your cash savings.

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Clearer timelines for your transactions

You’ve worked hard for your money and deserve transparency when it comes to knowing when it will arrive at its destination. That’s why we’re updating the entire transaction experience to allow you to better understand when your money will arrive at its destination. Click below for our complete guide to transactions on the Raisin platform.

Your Cash Account serves as a hub for transactions to, from, and within the Raisin platform, allowing you to move your money faster between products.

Your Cash Account is powered by First International Bank & Trust ("FIBT"), an FDIC-member bank based in Watford City, North Dakota.

Your Cash Account allows you to transfer money faster and more efficiently between savings products on the Raisin platform, boosting your interest-earning potential. Your Cash Account also offers you a place to store funds between deposits, keeping money within the Raisin platform to deposit to savings products in the future. Plus, your Cash Account is powered by First International Bank & Trust, an FDIC-member bank.

Funds within your Cash Account do not earn interest. In order to start earning interest, you just need to transfer your funds into one of the savings products on our platform.