Savings & Deposit Offerings, powered by Raisin
RockCrest Financial is excited to introduce a new savings platform with a variety of high-yield deposit products to better serve our clients’ cash and liquidity needs. As part of our goal to help our clients reach financial independence throughout retirement, we have partnered with Raisin to deliver a suite of banks and credit unions offering competitive federally insured savings accounts and certificates of deposit. This is a value-added service we provide for our clients through our partnership with Raisin.
What is Raisin?
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
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
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
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
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.
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.
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.Discover competitive savings products.
2.Select the right products for your savings goals.
3.Register for a Raisin account — one is all you need!
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
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 insuranceNational Credit Union Administration
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 insuranceHow taxes are taken care of
You will receive a 1099-INT for each eligible savings product for each calendar year for income tax reporting requirements.
FAQs
At Raisin, cybersecurity is a top priority and we implement a variety of technologies to protect our customer’s data, privacy and transactions.
Access: Raisin platform uses Multi-Factor authentication combined with leading authentication technology to protect our client identities.
Encryption: Your information is encrypted in-transit and at-rest using the latest cryptographic security algorithms.
Protection: Cloudflare advanced internet protection technologies are implemented to protect the Raisin site from malicious actors, botnets and denial of service attacks (DDOS).
Monitoring: The information security monitoring platform is in place to detect and alert on information security events.
Assessments: Our platform undergoes rigorous security assessments and testing from architecture planning to production phases.
Cloudflare is a registered trademark of Cloudflare, Inc.
Raisin is a SOC 2 certified platform.
In return for helping them connect with savers across the United States, we are paid fees by our product partner banks that offer savings products. This allows us to provide these services free of any charge from Raisin to our valued customers!
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. 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 RockCrest Financial LLC ("RockCrest"). RockCrest, in turn, is providing this page as a courtesy to its clients. RockCrest and Raisin US LLC are independent and unaffiliated, and RockCrest does not control, supervise, or otherwise endorse Raisin US LLC.
RockCrest 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.