Raisin

Raisin is not a bank but a savings marketplace: one login that lets you open and manage high yield savings accounts, money market accounts, and CDs from more than 100 FDIC insured banks and NCUA insured credit unions. The platform is free to use, the minimum opening deposit is $1, and Raisin earns its revenue from the partner institutions rather than from depositors. It is the US arm of a Berlin based fintech that entered the American market in 2020. The draw is rate access. As of October 14, 2026, the savings offers Raisin lists start with Northpointe Bank at 4.30% APY (with a 60-day rate lock for new Raisin users), then NexBank at 4.25% and CNB Bank at 4.17%, and more offers load on the page. Each partner sets its own rate, and Raisin lists them in one place so you can compare without opening a new bank account each time. Raisin also lists a limited-time new-customer bonus of up to $1,000 with code STACK for a first deposit made between September 1 and October 31, 2026; the base bonus depends on the amount held for 90 days. Insurance works through the partners, not Raisin. Your money sits at the institution you choose, insured up to $250,000 per depositor per institution; spread cash across multiple partners and coverage stacks, and Raisin advertises $10M+ of FDIC or NCUA insurance through its partner network, subject to certain conditions. Withdrawals route through a Raisin Cash Account, which makes withdrawn funds available on the platform immediately. The trade-offs are structural. Raisin is a savings and CD platform: no checking, no debit or ATM card, no cash deposits, so it cannot be your primary bank. Each partner bank sets its own rate, and rates are variable and may change after the first deposit. Use it if you want to open savings and CDs at several partner banks from one login, or want more than $250,000 of insured coverage through multiple institutions. Skip it if you want a full banking relationship or ATM access to savings, and compare a partner's platform rate with the bank's direct rate before choosing.