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Raisin

Raisin Savings Marketplace

One login, 100+ banks and credit unions bidding for your savings

8.5
Our Rating
APY
Up to ~4.10% depending on partner institution (as of June 2026)
Monthly Fee
$0
Minimum to Open
$1
ATM Access
No ATM or card access; deposits and withdrawals route through Raisin to your one linked external account

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, which replaced Lewis & Clark Bank as custodian on January 1, 2026

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 2026-06-11

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