How to start saving with Raisin

How to start saving with Raisin

Creating an account with Raisin only takes a few minutes, is completely free, and allows you to open accounts across our exclusive network of partner banks and credit unions. Our one-stop savings marketplace gives you the freedom to select savings products that are best aligned to your values and to your savings goals — all while letting you spread your cash across multiple institutions in order to get the most out of federal deposit insurance.

Curious about getting started? In this guide, you’ll find all the steps you need to take to start your savings journey.

1. Select a savings product to begin

In order to open a Raisin account, you must first select a product. Click the button below to visit our Explore Products page, then select the high-yield savings account, money market deposit account, fixed-term CD, or no-penalty CD that’s right for you. Click “Save now” to continue.

2. Begin our secure sign-up process

Once you have selected your first product, you will be asked to enter your email, create a password, and submit your first and last names. You will also see a field for a referral code — this is only for new customers who have been referred by existing customers and is not required to complete your account sign-up. Once you have filled out all required fields, click “Continue.”

3. Enter your personal details in our secure form

The next step is to share your personal information as part of our identity verification process. Please note that information is only stored once you have completed the enrollment process. On this screen, you will be asked to enter your first, middle, and last names, date of birth, Social Security number, as well as contact details.

Opening a joint account? Be sure your potential joint owner is present before continuing, then select “Yes” beneath “Would you like to add a joint owner?” on this page. Joint owners can only be added to a product before the initial deposit. 

Once you have completed all fields on this page, click “Continue.” If you are adding a joint owner, you will then be prompted to add their personal information before proceeding to the next step.

Concerned about entering sensitive data? Security is our top priority, which is why we have invested in a suite of cybersecurity technologies to keep you and your data safe.

4. Read and agree to our electronic communications agreement

This document gives you information and disclosures regarding electronic delivery of communications from Raisin. We invite you to read this agreement and retain a copy for your records. You cannot proceed without scrolling to the bottom of this agreement. 

Once you have read it, please check the box next to “I have read and agree to the terms of the Electronic Communications Agreement” if you agree. You and, if applicable, your joint owner must then initial. Click “Continue” to move onto the next step.

5. Review your details

Make sure all of your information is correct before continuing. Any errors may cause a failure in our secure identity verification process. Click “Continue” to proceed to the identity verification step.

Having an issue with verification? If you encounter any errors at this stage, we suggest calling our customer service team for assistance. Our customer service team can be reached by calling 844-994-EARN (3276), Monday to Friday from 9:00 a.m. - 4:00 p.m. ET.

Once your identity has been verified, you will be asked to link an external bank account. This will be the source of your deposits and withdrawals from the Raisin platform. There are two options to choose from for linking a bank account.

Enter login credentials. This method allows you to instantly link your bank account by entering your bank login credentials. Raisin never sees these credentials; they are solely for verification purposes. Please note that not all banks and credit unions may be supported.

Enter account details. This method allows you to enter you account’s routing and account numbers to instantly verify your account.

Once linked, enter the amount you would like to transfer as your initial deposit — all savings products funded through Raisin have a $1 minimum deposit to open — and confirm. Funds typically take 1 to 3 business days to appear in your account.

Please note: Raisin only supports linking a single external bank account at a time. After sign-up with your first deposit, this account cannot be changed for 60 days.

7. Start earning interest!

You’re now earning interest on your cash! Get the most out of your Raisin account by funding accounts from multiple institutions, allowing you to diversify your savings and maximize your potential federal deposit insurance coverage.

Is my money safe with Raisin?

In short, yes! We exclusively partner with FDIC-insured banks and NCUA-insured credit unions. Funds in our platform are always held with a federally insured financial institution and your deposits are covered by federal deposit insurance up to the applicable limits — typically $250,000 per individual, per institution.

Is there anything else I need to know?

Getting started with Raisin is simple and — best of all — there are no fees! We’re here to help you get the most out of your savings journey and have lots of resources to help you better understand Raisin. Take a look below for some help on the basics of signing up for an account to figuring out how to create the best savings strategy possible.

  • How Raisin works

    Find out more how Raisin works and how funds move through our platform.

    Learn more

Secure Messaging Center


Call: 844-994-EARN (3276) (Monday to Friday from 9:00 a.m. - 4:00 p.m. ET)

The Raisin name and logo are trademarks of Raisin GmbH. All other trademarks, logos, marks, and brand names are the property of their respective owners — used with permission.

© 2024 Raisin GmbH. All rights reserved.

*APY means Annual Percentage Yield. APY is accurate as of {todayDate}. 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 or an NCUA-insured credit union, and does not hold any customer funds. Funds deposited through Raisin are exclusively held at federally insured financial institutions. FDIC or NCUA deposit insurance coverage covers the failure of partner banks and credit unions on the Raisin platform.

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 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 through Central Bank of Kansas City (CBKC), Member FDIC, d.b.a. Central Payments is the Service Bank. CBKC, Lewis & Clark Bank and Starion Bank, each Member FDIC, are the Custodial Banks.