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✓ Select a savings product.
✓ Create a no-fee Raisin login in minutes
✓ Fund products with as little as $1.
Top high-yield savings offers
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Bank
Product
APY
Raisin is not an FDIC-insured bank or NCUA-insured credit union and does not hold any customer funds. FDIC deposit insurance covers the failure of an insured bank and NCUA deposit insurance coverage covers the failure of an insured credit union.
Understanding the different product types
High-yield savings & MMDA | Fixed-term CDs | No-penalty CDs | |
|---|---|---|---|
Definition | Expedite your savings with APYs significantly higher than the national average. | Guaranteed rates and clear terms for easy planning or laddering — whatever your timeline. | Stability and flexibility in one: guaranteed interest rates, plus penalty-free full withdrawal. |
Benefits | Receive a competitive rate with the ability to withdraw or add funds whenever you like. | Lock in to a competitive interest rate for a fixed period to better manage your return expectations. | The best of both worlds; lock in to a competitive fixed term interest rate with the flexibility of withdrawing. |
Interest rate | Variable, depending on market conditions. | Fixed for CD term regardless of market conditions. | Fixed for CD term regardess of market conditions. |
Withdrawals | Flexibility to withdraw as much as you want, whenever you want; there are no restrictions. | Full withdrawal when fixed term expires. Penalty fee applies for early withdrawal, varies by institution. | You can make a full withdrawal as soon as 7 days after funding but rules may vary at different institutions. |
Develop a cash strategy to meet your unique needs
Use each type of product to make the most out of your short and long-term cash requirements as interest rates change over time. Savings accounts are subject to rate increases and decreases. With CDs, on the other hand, the interest rate is fixed for its specific term. Developing a cash strategy that takes into account both fixed rates (for periods of interest rate uncertainty or to lock into attractive rates) and variable rates (high-yield savings for short term cash needs or if rates are expected to increase) may help you better achieve your long term goals.
All deposit balances on the Raisin platform are held at federally regulated financial institutions
Federal Deposit Insurance Corporation
All banks on the Raisin platform are FDIC members. The FDIC is an independent agency created by Congress with the mission of maintaining stability and public confidence in the nation's financial system.
National Credit Union Administration
All participating credit unions 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.
