Is Raisin trustworthy?
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Key takeaways
Over one million customers globally save money with Raisin.
Federally regulated banks and credit unions choose to partner with Raisin to raise deposits.
Raisin deploys a suite of technology to keep customers’ information secure.
Building your nest egg takes years of patience, which is why it’s vital to ensure that wherever you store it is trustworthy.
Traditionally, this may have been a local bank or credit union, however with the advent of financial technologies, there are now new ways to access top rates on high-yield savings accounts and CDs without leaving your home.
What is Raisin?
Raisin is a digital savings platform that connects savers to top savings products from a network of federally regulated banks and credit unions. These financial institutions choose to partner with Raisin to offer their products directly through the platform. In turn, they pay fees to Raisin — meaning that Raisin never charges customers fees to use its platform.
Savers are able to access a range of savings options through the platform including high-yield savings accounts, money market deposit accounts, certificates of deposit, and no-penalty CDs, all with just $1 minimum deposits and no fees from Raisin. With access to over 75 partner banks and credit unions on the platform, savers are able to create truly customized savings plans by mixing and matching products based on their goals: think CD ladders for a balance of returns and liquidity, no-penalty CDs for emergency funds, or splitting funds across multiple savings accounts for different goals.
Is Raisin trustworthy?
The first question that’s worth asking is if Raisin is trustworthy. Let’s take a look at the numbers.
Raisin’s savings platform has offered innovative savings options to savers globally since 2012. With more than a decade of experience, Raisin is a leader in the financial technology space.
If that’s not enough, Raisin operates savings platforms in 10 countries with over 400 total banking partners. In the U.S. alone, over 75 banks and credit unions work with Raisin.
When it comes to saving money, over one million customers have chosen to use the Raisin platform and have collectively earned over $2 billion in interest.
All-in-all, there are a lot of financial institutions and people who have taken a look and decided Raisin is trustworthy.
Is Raisin safe for savings?
Choosing where to store and grow your savings is a personal decision and making sure it is safe for savings is key. That’s why Raisin goes above and beyond to make sure to provide a safe savings solution.
For instance, cybersecurity is a top priority for Raisin. Raisin has SOC 2 certification, meaning that it has been affirmed by the American Institute of Certified Public Accountants (AICPA) as having properly implemented information security measures including multi-factor authentication and data encryption.
For more information on Raisin’s security measures, please click here.
Is Raisin reliable?
Beyond cybersecurity measures, you want to be sure that wherever you’re storing your savings is reliable. Raisin, for instance, exclusively partners with federally regulated banks and credit unions.
For more information on pass-through deposit insurance, please click here.
Reliability goes beyond the financial institutions, however. If you have an issue, will it be easy to get it resolved? While some financial technology companies may only offer email or chat bots for help, Raisin proudly offers a phone line with human customer service representatives that are trained to solve issues that arise along the way.
Start saving better with Raisin
Now that you’re familiar with the trustworthiness and security of the Raisin savings platform, we’re here to help you kickstart your savings journey with peace of mind. After a quick, secure sign-up process, you’ll have access to a range of savings products from our network of banks and credit unions — all manage from a single login.
To learn how to get started with Raisin, take a look at our simple Quick Start guide by clicking the button below.
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.