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.
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.
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.
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.
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.
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.
There are three ways to contact Raisin if you have questions about its platform or accounts.
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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