Easy access
Raisin UK review
Raisin UK is a “savings marketplace”. Find out how you can choose and open several savings accounts through one application process.
No reviews yet.
Write a review
Raisin UK provides you with multiple saving account options through a single application form, speeding up the whole process and making it a smarter way to choose a savings account and manage your rainy-day funds.
Compare savings accounts
Table: sorted by interest rate, promoted deals first
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseRaisin's top savings rate of 4.65% is available on one of its notice accounts.
Easy access savings accounts
Table: sorted by interest rate
Raisin's best easy access rate of 4.32% is significantly lower than today's market-best rate of 6.89%.
1 - 5 of 12
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseFixed-rate bonds
Table: sorted by interest rate
Raisin's best fixed-rate bond rate of 4.47% is very slightly lower than today's market-best rate of 4.58%.
1 - 5 of 60
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseNotice savings accounts
Table: sorted by interest rate
Raisin's best notice savings account rate of 4.65% is very slightly lower than today's market-best rate of 4.84%.
1 - 5 of 14
Compare other products
We currently don't have that product, but here are others to consider:
How we picked these
What is Raisin UK?
Raisin landed in the UK in summer 2018, after establishing itself in Europe as a platform that helps consumers get the best deal from their savings.
Raisin UK is a “savings marketplace” – think of it like your smartphone’s Apple or Google store, but for savings. Once you access it, you can then automatically apply for a series of different savings accounts from different banks.
More than 1.5 million customers around the world have invested more than 65 billion euros with Raisin, and it partners with more than 400 banks/financial providers across 10 platforms. It now has 41 partner banks on its UK platform.
How do I use Raisin UK?
Using Raisin is fairly simple, and the whole process is done online. If you’re considering giving it a go, these are the steps you’ll need to take:
- You apply. You only fill in the application form once and Raisin UK will then use it to submit your application for the savings products you’re interested in. When registering, you’ll need to provide information about yourself such as your name, address, date of birth and National Insurance number, and you may also need to provide ID.
- You browse savings accounts. You can look at deals, interest rates and duration of any fixed saving terms, then pick the account that suits you best. A little heads up on this: if the bank or type of savings product you’re after isn’t available through Raisin, our savings account guide may give you an idea of where to start looking.
- You transfer the money. Once you’ve picked the account you prefer and decided how much you want to put into it, you select it and top up your Raisin account with the money.
- You get the savings account. At this point, Raisin will get in touch with its partner bank, apply for you and, once you’re approved, transfer your savings into your brand new savings account.
Once the product has matured, your savings plus interest will be paid back into your Raisin account. You can then transfer it back to your current account or use it to get another savings account through Raisin.
How does the Raisin UK account work?
Raisin has partnered with ClearBank, a financial services and fintech company that functions as a bank, to take care of managing the deposits in your Raisin account and provide FSCS protection for those funds.
Basically, when you top up your Raisin account, your money is held by ClearBank, who holds it until you’ve opened the savings account you pick. Note that you won’t earn any interest on cash held in your transactional account – you’ll only earn interest once it’s been transferred to your chosen savings account.
Video: Raisin UK’s CEO on how Raisin can help you get the most out of your savings
Raisin UK fees
Raisin UK is completely free to use – you won’t be charged for signing in, transferring money or applying for saving products.
Raisin makes money by getting a commission from its partner banks, whose products it provides to customers.
Is Raisin UK safe?
With Raisin, your savings deposits are protected at every stage of the process. Deposits with ClearBank are protected up to £85,000 by the UK government thanks to the Financial Services Compensation Scheme (FSCS), and so are the deposits with all Raisin’s UK partners. Partner banks based in other European countries are protected by the European Deposit Guarantee Scheme (DGS).
If you’re considering putting aside more than £85,000, Raisin could be a smart solution because it allows you to distribute your money between various savings providers with a single application form. As long as you put £85,000 or less in accounts with each financial institution, your money is safe and sound, no matter what happens to the partner bank you’re saving with.
Pros and cons of Raisin UK
Pros
- Various savings products available with a single application form. You only have to do the paperwork once.
- Free to use. Raisin doesn’t charge its customers fees at any point.
- Makes it easier to manage your savings. You can see all the accounts you’ve opened via Raisin in the same place and always have a clear overview of what’s going on.
- FSCS protection at every stage of the process. Both ClearBank and the partner banks with which Raisin UK works are safe for your deposits.
Cons
- Not full market. Not every bank, building society or savings provider offer their saving accounts though Raisin.
- No physical branches. Some people may prefer managing their savings in person.
Customer service information for Raisin UK
| Email support | |
|---|---|
| Telephone support | |
| In-app or live chat | |
| Contact form | |
| Branch support |
Our verdict
Raisin UK acts as an intermediary between consumers and savings account providers, adding an extra layer that enables users to apply for and manage more than one savings account at the same time. So if you only have a small amount of savings, and plan on putting it all in the same account, it probably isn’t worth the effort.
However, if you’re considering a more diversified savings portfolio, Raisin makes a handy tool that can potentially save you quite a lot of time and effort.
Frequently asked questions
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
FREE interest rate alerts
Sign up to receive the latest deals, expert tips, and a chance to win £800! (T&Cs)
Error placeholder Click here to sign in
More resources on Finder
More guides on Finder
-
Working from home statistics: How many people work from home?
Our research found that 41% of Brits work from home at least some of the time as of March 2025. We look at who is working from home and how working from home affects productivity.
-
What is the average savings interest rate in the UK?
High inflation could be making your savings accounts lose value in “real terms”. We look at historical savings versus inflation rates.
-
Savings statistics: Average UK savings in 2025
Our 2025 savings statistics show the average person in the UK has £16,067 in savings but 1 in 6 Brits (16%) have no savings at all.
-
Compare savings accounts with compound interest
We look at the definition of compound interest, what it concretely means and how you can use it to grow your savings more quickly.
-
Offshore savings accounts
Learn how offshore savings accounts work, which taxes you need to pay and how to score the best deal.
-
Yorkshire Building Society savings accounts and interest rates
Yorkshire Building Society offers a range of savings accounts. If you’re looking to save, see our guide for more.
-
Nationwide savings account rates compared
Nationwide’s savings account options explained. Whether you’re happy to tie up your money or need instant access, we’ve covered the options.
-
Best Post Office savings account rates evaluated
Read about the Post Office and the savings accounts they offer. Find out more about the services Post Office Money provide, and see if they are right for you.
-
Barclays savings rates
Whatever you’re saving for, big or small, Barclays Bank offers a full range of savings accounts. Our guide takes you through the full range.
-
Best NatWest savings accounts compared
The fast pace of the UK banking market forces so-called ‘big banks’ like NatWest to stay ahead of the curve. By constantly refining the user experience with improvements to online banking and mobile apps, NatWest remains one of the UK’s most popular banks.