How can I be sure Raisin is legitimate?
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Key takeaways
Over one million customers use worldwide.
Over 75 partner banks and credit unions across the United States have chosen to work with .
uses state-of-the-art technology to keep customers’ data secure and private.
You’ve worked hard for your savings and it’s important to make sure that any place you look to store and grow it is safe, secure, and legitimate.
If you’re looking to grow your savings, Raisin offers you a way to access top rates and unique products offered by a network of banks and credit unions — all with a single login. But, before you start depositing your cash, you may find yourself asking, “Is Raisin legit?”
We’re here to help answer that question for you and help you find all of the resources you need to make the next step on your savings journey.
What is Raisin?
Raisin is an online savings platform that allows you to find, fund, and manage savings products from a growing network of banks and credit unions, all from a single login and all with no fees from Raisin.
Is Raisin legitimate?
Yes, Raisin.com is owned and operated by the Raisin Group, which was founded with a goal of breaking down banking barriers and offering a single market for savings products. In fact, Raisin has served as an innovative and competitive savings platform since 2012.
The proof is in the numbers. In the United States alone, over 75 banks and credit unions have chosen to offer products through the Raisin platform — a number that totals over 400 globally.
Additionally, over one million customers and counting have chosen the Raisin platform as a place to store and grow their savings.
To learn more about Raisin, please click here.
Is Raisin safe?
Yes, Raisin relies on a state-of-the-art suite of cybersecurity technologies to help keep customer data and transactions safe. In fact, as a SOC 2-certified organization, Raisin has met requirements outlined by the American Institute of Certified Public Accountants (AICPA) that make sure we have the systems in place that keep your information safe.
Raisin uses multi-factor authentication, encryption, web application firewall, and advanced internet protection and monitoring to keep our customers’ information safe.
For more information on Raisin’s cybersecurity and data protection, please click here.
Is Raisin a bank?
Deposits through the Raisin platform are always held at federally insured banks and credit unions, not by Raisin itself. Raisin is not a bank and never holds customer funds. Raisin is an online savings platform that connects customers with products offered by banks and credit unions found across the United States.
For more information about how Raisin works, please click here.
Is Raisin FDIC-insured?
Raisin is not an FDIC-insured bank or NCUA-insured credit union and does not hold any customer funds. Funds deposited through the platform are only ever held by federally insured banks and credit unions.
For more information on pass-through deposit insurance coverage, please click here.
Start earning more with Raisin
Now that you know a little bit more about the Raisin savings platform, its legitimacy, and its security, we want to help you kickstart your savings journey. You can access savings accounts and CDs from a network of banks and credit unions — and manage them all from a single login. Best of all, Raisin charges no fees.
To learn how to get started with Raisin, take a look at our simple Quick Start guide by clicking here.
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 April 27, 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.