How to open joint accounts with Raisin
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Whether you are considering joining the Raisin community or already have, it’s important you know about a powerful feature of the Raisin platform that enables you to take your savings strategy to a new level: joint accounts.
What does it mean to have a joint account through Raisin?
As a Raisin customer, you have one account where you can view all the deposit products you own. Let’s say you have selected and funded for yourself both a high-yield savings account and a 12-month high-yield CD — all those products are accessible through your Raisin login. That’s one of the beauties of the platform — one enrollment and one convenient account, with the potential to hold multiple deposit products provided by multiple banks.
You can also elect to add deposit products to your Raisin login that will be jointly owned by you and another person. Any jointly owned products would appear in your account overview and on your monthly statement, as well as those of the other owner. But only you see and can access the products you possess individually.
What are the benefits of joint accounts through Raisin?
Pooled savings yield higher returns
With joint accounts, co-owners can pool their financial resources together and, in turn, maximize the interest they earn. Thanks to the increased deposit insurance coverage savers get, there’s a lot of capacity to net higher yields.
If you and a loved one are saving toward a shared goal, like a family vacation or a new family car, consider using a joint savings account to hold what you each contribute.
Transparent finances
With joint accounts, each co-owner has visibility into their balances and how their deposits are performing. This degree of transparency can breed greater and more open communication around finances and savings goals.
Including a joint owner for a new deposit product if you’re new to Raisin
You can opt to make your very first deposit product funded through Raisin a joint account.
When you’re ready to set up a Raisin login for the first time, start by choosing a product to fund and then press “Save now.”
You will be taken through the steps to register as a Raisin customer. This creates your convenient, all-in-one account where you can access all the deposit products you've chosen to fund (as many as you wish!).
When prompted if you would like to add a joint owner, select Yes. Follow the steps to input the joint owner’s details and proceed with the identity check for both you and the joint owner.
At present, a joint owner can be someone who hasn’t yet joined the Raisin community. Both individuals must be present when opening a joint account.
How an existing Raisin customer adds a joint owner for a new deposit product
To add a new deposit product to your Raisin login that you want to jointly own with another individual, here is a quick guide on the process:
1. Log in to your Raisin platform, and select a product to fund.
2. When prompted if you would like to add a joint owner, select Yes.
3. Follow the steps to input the joint owner’s details and proceed with the identity check.
Important notes about joint accounts with Raisin
Here are some things to keep in mind as you consider whether a joint account is right for you.
- A Raisin customer’s individual and joint accounts will all appear on the same monthly statement.
- For jointly owned money market deposit accounts and high-yield savings accounts, only the primary owner may deposit funds.
- For jointly owned certificates of deposit, funds may only be returned to the originating reference account.
Head over to the Explore Products page to discover the deposit product that can help you and a loved one achieve your savings goals through the power and convenience of a joint account.
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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 26, 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.