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.

1 - 5 of 5
Product Finder Score Account type Annual Percentage Yield (APY) FDIC or NCUA insured amount Minimum balance to earn interest Minimum deposit to open Bonus offer
Raisin logo
Finder score
NexBank HYSA through Raisin
Finder score
Traditional savings

4.31%

Up to $250,000
$0
$1
Up to $500 bonus for new customers with qualifying deposits using promo code BOOST.
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Raisin logo
Finder score
Western Alliance HYSA through Raisin
Finder score
Traditional savings

4.25%

Up to $250,000
$0
$1
Up to $500 bonus for new customers with qualifying deposits using promo code BOOST.
Go to site More info
Compare product selection
Raisin logo
Finder score
The State Exchange Bank HYSA through Raisin
Finder score
Traditional savings

4.16%

Up to $250,000
$0
$1
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Compare product selection
Raisin logo
Finder score
Customers Bank High Yield Savings through Raisin
Finder score
Traditional savings

4.01%

Up to $250,000
$0
$1
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Compare product selection
Raisin logo
Finder score
RBMAX High-Yield Savings Account Through Raisin
Finder score
Traditional savings

3.66%

Up to $250,000
$0
$1
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Compare product selection
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Showing 5 of 5 results

What 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.

Read the full Finder Score breakdown

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.

1 - 4 of 4
Product Finder Score Account type Annual Percentage Yield (APY) FDIC or NCUA insured amount Minimum balance to earn interest Minimum deposit to open Bonus offer
Finder score
Money market

4.30%

Up to $250,000
$0
$1
Up to $500 bonus for new customers with qualifying deposits using promo code BOOST.
Go to site More info
Compare product selection
Raisin logo
Finder score
Blue FCU MMDA through Raisin
Finder score
Money market

4.00%

Up to $250,000
$0
$1
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Raisin logo
Finder score
Great Lakes FCU MMA through Raisin
Finder score
Money market

2.50%

Up to $250,000
$0
$1
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Compare product selection
Raisin logo
Finder score
mph.bank Money Market Deposit Account through Raisin
Finder score
Money market

4.06%

Up to $250,000
$0
$1
Go to site More info
Compare product selection
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Showing1 - 4 of 4 results

What 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.

Read the full Finder Score breakdown

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
Product Finder Score 6-month APY 1-year APY 5-year APY Minimum deposit to open Bonus offer
Raisin logo
Finder score
Western Alliance Bank 12 months CDs through Raisin
Finder score
N/A
3.80%
N/A
$1
Up to $500 bonus for new customers with qualifying deposits using promo code BOOST.
Go to site More info
Compare product selection
Raisin logo
Finder score
Finder score
N/A
N/A
N/A
$1
Up to $500 bonus for new customers with qualifying deposits using promo code BOOST.
Go to site More info
Compare product selection
Raisin logo
Finder score
Finder score
4.00%
N/A
N/A
$1
Go to site More info
Compare product selection
Raisin logo
Finder score
SkyOne CD through Raisin
Finder score
N/A
3.95%
N/A
$1
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Compare product selection
Raisin logo
Finder score
Finder score
N/A
N/A
1.71%
$1
Go to site More info
Compare product selection
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Showing1 - 5 of 8 results

What 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.

Read the full Finder Score breakdown

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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