Cash Account
Learn more about the Cash Account, how it works, and how you can use it for faster transfers between products and more interest potential.
What is the Cash Account?
The Cash Account is the faster, easier way to manage your money across the products on our platform. We know your savings goals evolve, and the Cash Account is designed to give you the flexibility to adjust your deposits whenever you need.
As the central hub for transactions to, from, and within the Raisin platform, the Cash Account ensures your money stays within the ecosystem when moving between products. This means your deposits reach their destination faster—giving you more days to earn interest and keeping more money in your pocket.
How it works
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 serves as the source for all withdrawals you make from products on the Raisin platform.
Benefits of the Cash Account
More interest-earning potential
Move funds between products to reduce transit time and earn more interest.
Flexibility to save on your terms
Store cash in your account to fund new products whenever you’re ready.
Clear transaction transparency
Know where your money is with clear and predictable transaction timelines.
Frequently asked questions
What is the Cash Account and how does it work?
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.
What are the main benefits of the Cash Account?
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.
Do funds in my Cash Account earn interest?
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.
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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 April 25, 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, and FDIC deposit insurance only covers the failure of an insured bank.
Raisin is not an NCUA-insured credit union. NCUA deposit insurance only covers the failure of an insured credit union.
Raisin does not hold any customer funds. 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.