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Compare Raisin’s savings and CDs

Formerly SaveBetter, Raisin is a digital marketplace that offers high rates for multiple savings accounts.

Our verdict

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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1 - 5 of 9
Name Product Account type Annual Percentage Yield (APY) FDIC or NCUA insured amount Minimum balance to earn interest Minimum deposit to open Offer Estimated total balance
NexBank High-Yield Savings Account
Finder Score: 4.7 / 5: ★★★★★
Bonus
NexBank High-Yield Savings Account
Traditional savings

5.26%

Up to $250,000
$0
$1
Earn up to $2,000 in referral bonuses when you refer a friend who makes a qualifying deposit. See site for details.
$1,052.60
Cloud Bank 24/7 through Raisin
Finder Score: 4.7 / 5: ★★★★★
Cloud Bank 24/7 through Raisin
Traditional savings

5.22%

Up to $250,000
$1
$1
$1,052.20
RBMAX High-Yield Savings Account Through Raisin
Finder Score: 4.6 / 5: ★★★★★
RBMAX High-Yield Savings Account Through Raisin
Traditional savings

5.05%

Up to $250,000
$0
$1
$1,050.50
Customers Bank High Yield Savings through Raisin
Finder Score: 4.6 / 5: ★★★★★
Customers Bank High Yield Savings through Raisin
Traditional savings

4.76%

Up to $250,000
$0
$1
$1,047.60
First Mid Bank & Trust HYSA through Raisin
Finder Score: 4.7 / 5: ★★★★★
First Mid Bank & Trust HYSA through Raisin
Traditional savings

4.80%

Up to $250,000
$0
$1
$1,048
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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":""}]}
1 - 5 of 7
Name Product Account type Annual Percentage Yield (APY) FDIC or NCUA insured amount Minimum balance to earn interest Minimum deposit to open Offer Estimated total balance
Hanover Bank MMDA through Raisin
Finder Score: 4.7 / 5: ★★★★★
Hanover Bank MMDA through Raisin
Money market

5.27%

Up to $250,000
$0
$1
$1,052.70
Blue FCU MMDA through Raisin
Finder Score: 4.7 / 5: ★★★★★
Blue FCU MMDA through Raisin
Money market

5.15%

Up to $250,000
$0
$1
$1,051.50
American First Credit Union MMA through Raisin
Finder Score: 4.7 / 5: ★★★★★
American First Credit Union MMA through Raisin
Money market

5.24%

Up to $250,000
$0
$1
$1,052.40
Lemmata Savings Bank MMA through Raisin
Finder Score: 4.7 / 5: ★★★★★
Lemmata Savings Bank MMA through Raisin
Money market

5.03%

Up to $250,000
$0
$1
$1,050.30
Great Lakes FCU MMA through Raisin
Finder Score: 4.7 / 5: ★★★★★
Great Lakes FCU MMA through Raisin
Money market

2.40%

Up to $250,000
$0
$1
$1,024
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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.

1 - 5 of 8
Name Product 6-month APY 1-year APY 5-year APY Minimum deposit to open
Western Alliance Bank 12 months CDs through Raisin
Finder Rating: 4.7 / 5: ★★★★★
Western Alliance Bank 12 months CDs through Raisin
N/A
5.05%
N/A
$1
Get 5.05% APY on a 12 month CD, and earn an APY that’s higher than the national average. Pay no fees and just a $1 minimum deposit. FDIC insured.
Go to site
Sallie Mae CDs through Raisin
Finder Rating: 4.7 / 5: ★★★★★
Sallie Mae CDs through Raisin
N/A
N/A
N/A
$1
Lock in strong CD rates as high as APY on term lengths you'll only find through Raisin. Plus, you only need $1 to open and you have the option of opening a no-penalty CD. Member FDIC.
Ponce Bank CD through Raisin
Finder Rating: 4.9 / 5: ★★★★★
Ponce Bank CD through Raisin
4.00%
N/A
N/A
$1
Snag the highest APYs on the market for the shortest CD terms via Raisin. FDIC insured.
SkyOne CD through Raisin
Finder Rating: 5 / 5: ★★★★★
SkyOne CD through Raisin
N/A
4.20%
N/A
$1
$1 minimum deposit. 24/7 online access. Federally insured by NCUA.
Go to site
State Exchange Bank CD through Raisin
Finder Rating: 1.5 / 5: ★★★★★
State Exchange Bank CD through Raisin
N/A
N/A
1.71%
$1
Locally-owned independent community bank. Member FDIC No fees.
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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.

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