How to open multiple CDs on Raisin
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The returns potential from investments like stocks and cryptocurrency can be enticing, however these types of assets always carry a level of risk — both in loss of returns and in loss of principal.
This is where high-yield savings accounts and certificates of deposit come into play. These cash deposits allow savers to grow their cash with limited risk. Overall, they’re some of the safest ways to grow your savings.
CDs allow savers to lock in an interest rate for a fixed period of time, making it easy to predict returns. Spreading funds across multiple CDs, through a strategy known as CD laddering, can be a great tool for financial planning. Typically, opening multiple CD accounts can require a lot of effort, especially if they’re opened at different institutions.
However, a single no-fee Raisin login unlocks access to CDs from an exclusive network of banks and credit unions. Read on to learn more about how many CDs you can open, how to build a CD ladder, and how to do it all with Raisin.
How many CDs can you have?
The Raisin platform makes it easy to find competitive certificates of deposits from a network of banks and credit unions. There are no fees to open CDs on the platform and all it takes is a minimum deposit of $1 to get started.
Is there a limit to how many CDs you can have? Generally not. In fact, there are no limits to the number of CDs a Raisin customer can have in their portfolio.
Keep in mind that CDs typically have early withdrawal penalties if funds are accessed prior to the CD’s maturity date. Finding CDs with timelines that align with your goals can be one way to avoid such penalties, as can using no-penalty CDs to enjoy similar benefits with the ability to access funds prior to maturity.
Fortunately, with a single Raisin login, it is easy to deposit funds to as many partner banks and credit unions as you'd like. Best of all, these CDs are then able to be managed within that account, with details of each appearing on a single monthly account statement.
Outside of the Raisin platform, there is typically no limit to the number of CDs one can have. Similarly, it is possible to have multiple CDs at multiple financial institutions — with the caveat that this does require the additional step of keeping track of multiple bank or credit union logins and account statements.
How many CDs can you have at one bank?
There is typically no limit to how many CDs you can have at one bank.
Can I open multiple CDs at once?
A single no-fee Raisin login makes it possible to find, fund, and manage certificates of deposits across an exclusive network of banks and credit unions. While it won’t allow you to open multiple CDs at once, it does allow you to open additional CDs with ease.
Instead of needing to share sensitive information with multiple institutions and remember different login credentials for each, a Raisin login only takes a few minutes to open and with one log in, you can deposit funds to over 70 financial institutions.
With such a wide range of partners, Raisin customers can access a full suite of CD terms that can be used to create a truly customized savings strategy, including CD ladders.
To get started, consider all current CD offers below, select a CD that works for you, complete the simple sign-up process, and initiate your first deposit. Once your account is open, you can then open additional CDs in just a few clicks.
Is CD laddering a good idea?
One savings strategy many savers use when opening multiple CDs is CD laddering. CD laddering involves dividing savings equally and opening multiple CDs of differing maturities, allowing savers to strike the balance between guaranteed returns and liquidity at regular intervals
But is CD laddering a good idea? Let’s take a look at an example: consider you had $100,000 saved up. You could split those funds four ways and deposit into four CDs — $25,000 each across CDs of 1-year, 2-year, 3-year, and 4-year terms.
As each CD matures, you would want to reinvest it into a CD “rung” that is farthest away. So, as that 1-year CD matures, you’d want to consider opening a new 4-month CD with those funds.
Funds will always be approaching maturity and your risk of locking in a low rate would be spread evenly across your savings.
Worried about longer CD terms? Consider the same example above but with CDs of 3-month, 6-month, 9-month, and 12-month terms. You’d have similar benefits to the longer-term example, but with funds approaching maturity every three months.
Start your CD savings journey with Raisin
Whether you’re looking to open a single CD, open multiple CDs, or build a savings portfolio with a full range of cash savings, a single no-fee Raisin login is all you need. Open an account in minutes and lock in CD rates from an exclusive network of banks and credit unions.
Click below to view all CD offers and lock in your rate today.
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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*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.