Many of us have settled for the deposit products offered by the bank or credit union where we already have a relationship. Researching and opening accounts elsewhere and keeping tabs on their progress requires time, so many savers don't bother to shop around. Enter Raisin: We selectively partner with federally insured banks and credit unions across the U.S. to offer savings products with top rates through one easy-to-use online marketplace.

Customers can select savings products from multiple banks and credit unions and then manage all of their products from one single Raisin account. Each month, you get one statement showing balances and earned interest across all the deposits you're holding.

A federally insured bank or credit union always holds your cash. When you fund a bank or credit union product, the money is directly transferred from your bank to a custodial account at the financial institution offering the product you selected. This custodial account holds the funds for every Raisin customer at that financial institution. Whenever you deposit funds, it’s held by the Custodian Bank for your benefit.  Anytime you want to check your balances, make a change, or get tax statements, everything you need is accessible through your Raisin account.