How to open joint accounts with Raisin
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Whether you are already part of the Raisin community or exploring your options, understanding how to manage shared money is essential. A joint account through Raisin allows co-owners to build a unified savings strategy across multiple federally insured partner institutions.
What is a joint account on Raisin?
A joint account on Raisin allows two individuals to co-own high-yield savings accounts or certificates of deposit (CDs) through a single platform. Both owners enjoy full visibility into shared balances, while single-owner products remain private to the individual account holder.
As a Raisin customer, you have access to a single dashboard where you can view all the deposit products you hold. For instance, if you fund both a high-yield savings account and a 12-month high-yield CD for yourself, those products are accessible under one login. That is one of the key benefits of the platform — one enrollment and one convenient account to hold multiple deposit products offered by various banks and credit unions.
You can also choose to add deposit products to your Raisin login that are jointly-owned with another person. Any jointly-owned products appear in the account overview and monthly statements for both co-owners. However, only you can see and access the products you hold individually.
Individual vs. joint accounts on Raisin
The table below outlines how individual and joint accounts operate on the Raisin platform:
Feature | Individual account | Joint account |
Account ownership | Single account holder | Two co-owners |
Dashboard visibility | Private to individual owner | Shared balances visible to both owners |
Deposit insurance | Eligible for FDIC or NCUA insurance, up to $250,000 per institution, per depositor, subject to certain conditions | Eligible for FDIC or NCUA insurance, up to $250,000 per institution, per depositor (effectively up to $500,000 for two joint owners at a single institution), subject to certain conditions |
Statements | Individual monthly statement | Shared products appear on both owners' statements |
What are the benefits of opening a joint account through Raisin?
Opportunity to pool savings for shared goals
With joint accounts, co-owners can pool their financial resources into high-yielding products. If you and a partner are saving toward a shared objective — such as a home down payment or a family vacation — many savers choose to use a joint savings account or a joint CD to organize their contributions.
Clear financial visibility
With joint accounts, each co-owner maintains clear visibility into total balances and interest earned. This shared access helps foster open communication around savings milestones.
How to add a joint owner when signing up for Raisin
If you are new to Raisin, you can make your very first funded deposit product a joint account. Here is the step-by-step process:
Select a product: Visit the marketplace and select a product, such as a high-yield savings account or CD, then click "Save now."
Register your account: Follow the prompts to set up your Raisin login. This creates your central account to access products from multiple institutions.
Select joint ownership: When asked if you would like to add a joint owner, select “Yes.”
Complete identity verification: Have your joint owner enter their personal details and complete the identity check for both individuals.
Note: Both individuals must be present during the application process to open a joint account.
How existing Raisin customers can add a joint deposit product
If you already have a Raisin login and want to add a new jointly owned product, follow these steps:
Log in: Access your Raisin dashboard and select a new product to fund.
Indicate joint owner: When prompted to add a joint owner, select “Yes.”
Verify details: Have your joint owner enter their information and complete the required identity verification.
Important details about joint accounts on Raisin
Keep the following operating rules in mind when opening a joint account:
All individual and joint accounts held by a customer will appear on the same consolidated monthly statement.
For jointly owned money market deposit accounts and high-yield savings accounts, funding transfers must originate from the primary owner's linked bank account.
For jointly owned certificates of deposit, funds at maturity are returned to a joint Cash Account.
Ready to start saving together?
Discover high-yield savings accounts and CDs from our network of FDIC- and NCUA-insured partner institutions.
Frequently asked questions
How do joint accounts affect FDIC and NCUA deposit insurance?
Deposits at partner banks or credit unions on the Raisin platform are eligible for FDIC or NCUA insurance, up to $250,000 per institution, per depositor, subject to certain conditions. For a joint account with two equal co-owners, this provides potential coverage of up to $500,000 per institution. For more information on deposit insurance, please click here.
Can a joint owner see my individual savings accounts on Raisin?
No. Joint owners only have visibility into the specific products where they are designated as a co-owner. Your individual accounts remain private to your login.
The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on taxes, your investments, the law, or any other business and professional matters that affect you and/or your business.
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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 September 15, 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.