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.
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseWhat is the Finder Score?
The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.
To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.
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.
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseWhat is the Finder Score?
The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.
To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.
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.
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseWhat is the Finder Score?
The Finder Score analyzes hundreds of CDs from more than 100 institutions. It takes into account the product's interest rate for available terms and opening deposit requirements - this gives you a simple score out of 10.
Different banks and credit unions offer CDs for various lengths of time, ranging from as short as seven days to as long as 20 years. For our ratings, we consider the term lengths that the FDIC uses in its monthly updates on national rates.
If a bank or credit union doesn’t offer a CD for a specific term used by the FDIC, we don’t penalize it: Instead, we simply don’t rate it. Each of the standard term lengths has its own APY rating based on the FDIC’s average rates.
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.
Ask a question
Read more on Savings Accounts
-
Disadvantages of High-Yield Savings Accounts
High-yield savings accounts are safe and don’t have many drawbacks. But there are a few disadvantages to consider before opening one.
-
High-Interest Accounts With Up to 7% APY
Earn up to 8% with BCU Powerplus Checking and close to 7% with other accounts from Greenlight, Netspend, Varo, Uphold and more.
-
High-Yield Chime Savings Account Review
Chime’s savings account has a solid APY and has no monthly fees, but it requires Chime’s checking account.
-
SoFi Savings Account Review
SoFi’s high-yield savings account is a hybrid checking and savings account featuring a high APY, cashback rewards and minimal fees.
-
Best Vacation Savings Accounts in July 2025
SoFi, Discover, Wealthfront, Varo, Uphold, Bask Bank, Current, Marcus and Ally offer top vacation savings accounts with high APYs.
-
Locked Savings Accounts You Can’t Touch
If you struggle to save, you could benefit from a savings account or CD that won’t allow you to withdraw funds.
-
What Is the Benefit of a Savings Account?
Savings accounts let your money earn interest while it sits. There are very few drawbacks to getting one and lots of benefits.
-
Uninterrupted Compound Interest Accounts
Uninterrupted compound interest accounts pay interest on your initial balance and the interest you continually earn if you don’t withdraw.
-
Best Savings Accounts of July 2025
How to choose the best savings account for your situation.
-
Best High-Yield Savings Accounts of July 2025
Compare some of the best high-yield savings accounts available.