refinwell, powered by Raisin

My REfinwell Homebuyer Savings Offerings

  • FDIC and NCUA insured.

  • Easy access to a variety of banks and credit unions.

  • High-yield savings accounts and certificates of deposit.

My REfinwell Homebuyer Savings Offerings

  • FDIC and NCUA insured.

  • Easy access to a variety of banks and credit unions.

  • High-yield savings accounts and certificates of deposit.

Savings & Deposit Offerings, powered by Raisin

A group of friends chatting and laughing.

My REfinwell is excited to introduce a new savings platform with a variety of high-yield deposit products to better serve your cash and liquidity needs. Lack of a down payment is the top hurdle to homeownership and we believe that having a secure place to grow your savings as you prepare to become a homeowner is key. We have partnered with Raisin to deliver a suite of banks and credit unions offering competitive rates on federally insured savings accounts and certificates of deposit.

What is Raisin?

Family spending time out door

The Raisin platform features an exclusive selection of high-yielding products offered by our network of banks and credit unions. It’s your destination to discover competitive savings products and start saving wisely. Select and fund multiple savings products from different institutions, and manage them all from one account!

Safety

Safety

Funds deposited into any of the savings products available through Raisin are always held by a federally insured financial institution. A very easy and safe way to diversify your deposit portfolio. We use a host of cybersecurity measures to protect your funds and sensitive information.

Choice

Choice

Savings products from our network of financial institutions offer flexible terms and some of the most competitive interest rates. You can easily find the right product or mix of products for you.

Convenience

Convenience

One account to hold all your deposit products. Simplified statements. Easy access to manage your funds – all through a streamlined digital platform.

Understanding the different product types

explore high-yield savings accounts

High-yield savings & MMDA

Expedite your savings with APYs significantly higher than the national average.

Benefits

Receive a competitive rate with the ability to withdraw or add funds whenever you like.

Interest rate

Variable, depending on market conditions.

Withdrawals

Flexibility to withdraw as much as you want, whenever you want; there are no restrictions.

explore fixed term CD accounts

Fixed term CDs

Guaranteed rates and clear terms for easy planning or laddering – whatever your timeline.

Benefits

Lock in to a competitive interest rate for a fixed period to better manage your return expectations.

Interest rate

Fixed for CD term regardless of market conditions.

Withdrawals

Full withdrawal when fixed term expires. Penalty fee applies for early withdrawal, varies by institution.

explore no penalty CD accounts

No penalty CDs

Stability and flexibility in one: guaranteed interest rates, plus penalty-free full withdrawal.

Benefits

The best of both worlds; lock in to a competitive fixed term interest rate with the flexibility of withdrawing.

Interest rate

Fixed for CD term regardess of market conditions.

Withdrawals

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.

Start saving in 4 simple steps:

  1. 1.Discover competitive savings products.
  2. 2.Select the right products for your savings goals.
  3. 3.Register for a Raisin account — one is all you need!
  4. 4.Fund and access your new savings products.

Now you can add more savings products any time you want. It’s that simple!

All deposit balances on the Raisin platform are held at federally insured financial institutions

Federal Deposit Insurance Corporation

FDIC logo

All participating banks are members of the FDIC. Deposits in participating banks are insured by the FDIC up to the limits of federal law. The standard insurance amount is $250,000 per depositor, per insured bank, for each deposit account ownership category.

Click to learn more about FDIC insurance

National Credit Union Administration

NCUA logo

All participating credit unions are insured by the NCUA through its Share Insurance Fund. Deposits in participating credit unions are insured by the NCUA up to the limits of federal law. The standard insurance amount is $250,000 per depositor, per insured credit union, for each deposit account ownership category.

Click to learn more about NCUA insurance

How taxes are taken care of

tax reporting with Raisin

You will receive a 1099-INT for each eligible savings product for each calendar year for income tax reporting requirements.

FAQs

Secure Messaging Center

Email: support.us@raisin.com

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

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 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 through Raisin.com. 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.

This page has been written and developed by Raisin US LLC and provided as a courtesy to Concert Financial Planning LLC ("Concert"). Concert, in turn, is providing this page as a courtesy to its clients. Concert and Raisin US LLCare independent and unaffiliated, and Concert does not control, supervise, or otherwise endorse Raisin US LLC.

Concert has not independently reviewed or verified any underlying financial institutions or their products. Clients should perform their own independent evaluation of such financial institutions and their products, as well as the service of Raisin US LLC, before acquiring any products or opening any accounts through Raisin US LLC.