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Earn up to $1,500 with code FRESHSTART at sign-up.
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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.
How do we bring these rates to you? Partner banks and credit unions use Raisin to reach new savers nationwide. Raisin gives you access to all of these exclusive rates in one place, while your money stays at federally insured partner banks and credit unions.
Moving your savings to Raisin let's you earn more than just competitive rates. For a limited time, new customers can get up to a $1,500 cash bonus when you use code FRESHSTART.¹
Here's how it works:
1. Select a savings offer and sign up: Choose and fund at least one high-yield savings account or CD on the Raisin platform to get started. Be sure to enter bonus code FRESHSTART during sign-up to be eligible for a cash bonus.
2. Deposit funds: The more you save, the more you can earn. Make a qualifying deposit(s) within 14 days of opening your account to set your bonus tier.
3. Maintain your deposit(s): Maintain your deposit(s) for 90 days from your first deposit date to earn your bonus.
Access exclusive rates from 100+ FDIC-member banks and NCUA-insured credit unions all in one place.
Get $10M+ in FDIC or NCUA insurance through our partner network, subject to certain conditions.†
Open and manage your savings accounts and tax documents with one secure login.
Raisin's platform is free to use, with no account fees or minimum balance requirements.
Raisin isn’t a bank. We partner with federally insured banks and credit unions that hold your deposits. That means your money is eligible for FDIC or NCUA insurance — up to $250,000 per institution, per depositor, subject to certain conditions.†
By spreading your savings across multiple partners, your money is protected well beyond what a single bank can offer.
Raisin isn’t a bank and that’s a good thing. We partner directly with banks and credit unions to bring you their best savings offers — all managed through one Raisin login.
APY | Top rates (up to 3.88%) | -% national average for six-month CD |
Minimum to open | Just $1 | Often $500–$1,000+ |
Flexibility | Access multiple no-penalty CD terms and rates across a network of banks and credit unions | Limited to one bank's available no-penalty CD offerings |
Insurance | $10M+ FDIC or NCUA insurance across partners† | $250K per institution, per depositor |
Fees & penalties | No fees for CDs held to term; early withdrawal penalty as outlined in that product’s terms | Early withdrawal penalties and potential for monthly maintenance fees |
All banks on the Raisin platform are FDIC members.
All credit unions on Raisin are insured by the NCUA.
Open your account in minutes by following Raisin’s secure sign-up process. It’s the only one you’ll ever need.
With Raisin you get exclusive savings offers from 75+ top banks and credit unions, all in one place.
Link your bank and open your first product with as little as $1. Earn more from day one.
Raisin makes it easy to earn more on your savings.
On our secure platform, you can open high-yield savings products and CDs with federally insured banks and credit unions — all managed through one login.
We partner with more than 100 financial institutions, giving you more choice and making top rates easier to reach than ever. Open an account with as little as $1 or manage six-figure balances with confidence knowing every deposit is held at an FDIC- or NCUA-insured institution.
No fees. No minimums. Just a smarter way to grow your money.
Raisin itself is not a bank or a regulated financial institution. We partner only with regulated banks and credit unions which always hold your funds. These financial institutions are overseen primarily by banking regulators such as FDIC, NCUA, OCC, Federal Reserve Board or state banking authorities, and are subject to the oversight of agencies like the CFPB, FTC, SEC and CFTC as applicable.
Deposits placed through the Raisin platform with FDIC-insured banks are eligible for pass-through deposit insurance from the FDIC; certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Raisin is not an FDIC-insured bank. FDIC deposit insurance covers the failure of an insured bank. To learn more about pass-through deposit insurance, click here.
Deposits placed through the Raisin platform with NCUA-insured credit unions are eligible for pass-through deposit insurance; from the NCUA through its Share Insurance Fund; certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Raisin is not an NCUA-insured credit union. NCUA deposit insurance covers the failure of an insured credit union.
For more information on federal deposit insurance coverage limits and how they may impact your deposits, please refer to our Terms of Service.
Your Raisin login offers you access to savings accounts and certificates of deposit offered by a nationwide network of banks and credit unions. These products include:
All transactions to and from the Raisin platform are conducted via your online dashboard.
Deposits to products on the platform can either be made directly from your external account or from your Cash Account.
Transfers between products or out of the platform are all conducted via the Cash Account.
The Cash Account is powered by First International Bank & Trust (""FIBT""), an FDIC-member bank based in Watford City, North Dakota.
For more information on transactions and transaction timelines, please click here.
Our partner banks and credit unions pay fees to Raisin in return for marketing their products to savers across the United States. This allows us to provide our platform and services free to our valued customers! That’s a win-win!
Our support team is available Monday through Friday from 8 a.m. – 8 p.m. ET. Call 844-994-EARN (3276) or email us at support.us@raisin.com.
A no-penalty CD is a fixed-rate savings account that allows you to withdraw your full balance and earned interest before the term ends without paying an early withdrawal fee. It offers the fixed APY of a traditional CD combined with the increased liquidity of a high-yield savings account.
A no-penalty CD works by locking in a specific interest rate for a set term (e.g., 12 months). Unlike standard CDs, you can close the account and access your funds (usually starting 7 days after funding) without losing any interest earned. Most institutions require a full withdrawal rather than partial ones to waive the penalty.
At maturity, your no-penalty CD term ends. If you have set your no-penalty CD to withdraw at maturity, those funds and all earned interest, are returned to you. If your account is set to renew, your funds will then typically roll into a new term at the current market rate. When a CD rolls over, you have a "grace period" (typically 7 to 10 days) to withdraw your funds or move them into a new product.
Many savers choose a no-penalty CD when they want to secure a fixed rate in a falling-rate environment while maintaining the flexibility to access their cash for unexpected needs. It offers a balance between the predictable returns of a traditional CD and the accessibility of a savings account, making it a functional option for those who prioritize both yield and liquidity.
The primary benefits of a no-penalty CD include:
Rate protection: You secure a fixed APY that won't drop even if market rates do.
Zero withdrawal fees: You can access your full balance and earned interest without the typical penalties associated with traditional CDs (usually starting 7 days after funding).
Financial flexibility: It functions as a high-yield liquid reserve that earns a fixed rate of interest for a set period.
Federal protection: Deposits are FDIC or NCUA insured up to $250,000 per depositor, per insured institution.
© 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 April 9, 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.
