Raisin
Raisin Savings Marketplace
By Alex Compton · Last verified
One login, 100+ banks and credit unions bidding for your savings
Insurance: Pass-through FDIC/NCUA insurance at each partner institution (up to $250k per bank, per depositor); funds sit in custodial accounts administered via Bell Bank and Starion Bank, which replaced Lewis & Clark Bank as custodian on January 1, 2026
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-09-07 | Up to ~4.15% depending on partner institution (as of September 2026) | $0 | $1 | Archive record · no attached snapshotLegacy snapshot; event-level evidence was not attached at the time |
Primary-source verification log
Append-only evidence ledgerEvent-level primary-source attachments begin with the September 2026 verification system. Older records remain visible but are not retroactively presented as evidenced.
Features
- ▸Marketplace model: open HYSAs, money markets, and CDs at 100+ partner banks from one Raisin login
- ▸Partner rates frequently top national leaderboards as small banks compete for deposits they couldn't otherwise reach
- ▸Spread cash across multiple partner banks to multiply effective FDIC coverage
- ▸Single 1099 and one dashboard covering all positions
- ▸No fees to the saver — Raisin is paid by the partner banks
- ▸$1 minimum at most partners
Pros
- +Always has something at or near the top national rate as partners rotate promos
- +Effortless FDIC diversification across many institutions
- +Unlocks small-bank and credit-union rates without separate applications and logins
Cons
- −All money moves through the custodial pipe: withdrawals take roughly 1-3 business days, no wires or instant options
- −You're a custodial customer, not a direct one — no relationship or service at the underlying bank
- −Single linked external account restricts flexibility versus a normal bank
Our Take
Raisin solves rate-chasing as a product: instead of opening a new bank every six months, you shuffle money between partners inside one dashboard. The custodial structure is legitimate and the insurance pass-through is real, but understand that liquidity runs through Raisin's rails at ACH speed. Best used as the yield engine behind a solid primary bank, not as the bank itself.
Best for: Rate-chasers tired of opening a new bank account every rate cycle
Open at Raisin →Last verified 2026-09-07
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