Updates from Raisin

Updates from Raisin

Reminder: all financial institutions on the Raisin platform are federally insured

With the recent news of Silicon Valley Bank and Signature Bank’s collapses, we wanted to reassure you that your federally insured funds continue to be safe with us at Raisin.

We have no affiliation with Silicon Valley Bank or Signature Bank.

Their collapses will not have any impact on your FDIC and NCUA protected funds as all institutions on our platform are federally insured up to the applicable limits.

The FDIC has never failed to pay insured depositors at failed banks since they were founded in 1933 and the NCUA, which protects credit union funds, has also never failed to pay insured depositors at failed credit unions since its founding in 1970. For more information regarding federal deposit insurance, please click here.

To remain within federal deposit limits you can spread your funds across different institutions on the Raisin platform to maximize your coverage. For more information, please click here.

As always, if you need further assistance, please take a look at our frequently asked questions for quick answers or reach out to our customer service team by emailing us at support.us@raisin.com.

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. 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 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.