Is Raisin secure? How Raisin protects data, information, and transactions
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Key takeaways
has a suite of cybersecurity measures to keep customers’ data and information secure.
only partners with federally regulated financial institutions.
has built up a reputation for reliability and security with over a decade in operation.
You’ve spent a long time building up your savings and making sure those funds are kept in a secure place is vital.
While working directly with banks or credit unions has been the go-to, modern financial technologies now offer new ways to access rates and savings products that historically may have not been accessible to all.
Given the overall newness of financial technology solutions, it’s understandable that you may be hesitant. That’s why we’re taking a look at the security features of the Raisin platform to show you the security features that are designed to protect your data and transactions.
Raisin’s security features
With consumers losing billions of dollars each year to fraud, making sure your information is protected and staying vigilant against potential bad actors is more important than ever. This is one of the many reasons why Raisin makes cybersecurity a top priority.
Raisin is a SOC 2-certified organization, which means that we have met the cybersecurity requirements outlined by the American Institute of Certified Public Accountants (AICPA) to guarantee that we have the systems in place designed to keep customers’ data secure.
Raisin also has multi-factor authentication enabled, meaning that customers need more than just a password to log in. This additional level of security helps further protect access and better prevent unauthorized logins.
Data encryption on the platform takes this protection to the next level. All information entered into the Raisin platform is encrypted with Secure Socket Layer (SSL), helping to stop unauthorized people from accessing customers’ sensitive data.
Finally, the Raisin website is protected with web application firewall and and advanced protection technologies, further working to prevent malicious actors, botnets, and denial of service attacks (DDOS).
All together, SOC 2 certification and this suite of technologies help provide peace of mind when using the Raisin platform.
For further information on Raisin’s security, please click here.
Is Raisin secure for growing savings?
The security of Raisin goes beyond the platform’s cybersecurity features. It also comes down to Raisin’s partner banks and credit unions.
When it comes to Raisin’s partner banks, they are all members of the Federal Deposit Insurance Corporation. The FDIC is an independent agency created by Congress with the mission of maintaining stability and public confidence in the nation's financial system. For more information on the FDIC, please click here.
Raisin also partners with a range of credit unions, all of which are insured by the NCUA through its Share Insurance Fund. The NCUA protects the safety and soundness of the credit union system by identifying, monitoring and reducing risks to the National Credit Union Share Insurance Fund. For more information on the NCUA, please click here.
Knowing that Raisin is not a bank and never holds customer funds and, instead, all deposits through the platform are held at federally regulated financial institutions should offer peace of mind as to the reliability and integrity of the platform.
Is Raisin reputable?
Finally, it’s important to ask about the reputation of a potential financial technology provider.
When it comes to Raisin, the answer is simple. Raisin has been operating globally since 2012 and has helped over one million customers worldwide grow their savings — to the tune of over $2 billion in interest earned.
With over a decade of experience and such a large volume of customers, Raisin’s reputation speaks for itself.
Kick off your savings journey with Raisin
With cybersecurity initiatives, offers exclusively from federally regulated financial institutions, and a global reputation, Raisin has the frameworks in place that should help answer the question, “Is Raisin secure?”
If you’re ready to get started, saving with the Raisin platform is simple — signing up only takes a few minutes, each product only requires a $1 minimum deposit, and Raisin never charges any fees. To learn more, click below to view our Quick Start guide.
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 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.