Raisin, formerly known as SaveBetter, is a fintech savings account marketplace. In short, Raisin partners with FDIC- and NCUA-insured financial institutions to offer savings accounts, money market accounts and CDs with exclusive perks, such as competitive rates, no fees, low deposits and unique terms. But if you’re looking for a business or checking account, you’re out of luck — Raisin only offers savings products.
Best for: Those looking to open a free high-yield savings account or CD.
Pros
Free to use and no obligation
High-yield savings and CDs
All banking partners are FDIC- or NCUA-insured
Cons
No checking or business accounts
Not a direct lender or bank
Limited customer service
What is Raisin?
Raisin is an online fintech platform that offers a curated selection of banking products from partnered banks and credit unions. While you could open the product directly from one of its banking partners, the benefit of Raisin is that it offers exclusive accounts. This means that if you open the account directly through Raisin , you’re taking advantage of lower fees, higher APYs or better terms.
Once you’re signed up with Raisin, customer service and account assistance is provided exclusively by Raisin and not the partnering bank.
Who is Raisin best for?
Raisin is best for those looking for competitive rates and low fees on savings products. If the banks and credit unions in your area aren’t offering the rates you want, Raisin could help you out. It features exclusive offers from banks and credit unions with high rates that you might not otherwise come into contact with. Raisin is good for those who want to open multiple savings products and manage them all under one platform. It’s also a great way to compare financial institutions that align with personal values. For example, while comparing institutions, Raisin displays whether the institution is non-profit, gives back to the community, supports small businesses, is minority-led and more.
Compare Raisin savings accounts
Narrow down top savings accounts by APY and minimum opening deposit to find the best for your budget and financial goals. Select Compare for up to four products to see their benefits side by side.
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Compare Raisin money market savings accounts
Narrow down money market savings accounts by APY and minimum opening deposit. Select Compare for up to four products to see their benefits side by side.
{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"savings_calculator_table","nicheCode":"USFSA","fields":[{"name":"PERIOD","value":"1","options":"","label":"Years to save","suffix":"","useSuffixAsPrefix":false,"useDropDownOption":false,"tooltip":""},{"name":"INITIAL_DEPOSIT","value":"1000","options":"","label":"Initial deposit","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""}]}
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Compare Raisin CDs
Compare high-yield and no-penalty CDs by rates and minimum opening deposit. Select Compare for up to four products to see them side by side.
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How to contact Raisin‘s customer service
There are three ways to contact Raisin if you have questions about its platform or accounts.
Call 844-994-3276 or 646-933-7700 on weekdays from 9 a.m. to 4 p.m. ET
Email support.us@raisin.com
Bot chat support
Raisin customer reviews
On Better Business Bureau (BBB), Raisin has an A rating and is accredited under its previous name SaveBetter. There’s only one customer review that’s 1-star, which cited poor customer service surrounding an issue with funding a savings account.
On Trustpilot, it earns a fair rating of 3.1 stars out of 5, with only 28 reviews. Many of the reviews are positive, with most customers saying they could easily locate multiple savings account options with top rates and are happy they can compare savings products on one site. Overall, the main sentiment from past customers is that Raisin offers convenient access to top savings account rates.
Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto.
Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt.
Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others.
Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio
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