A closer look at Raisin

20/09/2021

Raisin was founded in 2013 and has grown into one of Europe’s leading savings marketplaces. Raisin UK launched in 2018 and gives savers access to a wide range of savings accounts from partner banks and building societies, all through one online platform. It has since grown to look after over 1 milllion customers with in excess of €80m of deposits.

Rather than opening separate accounts with each provider, savers register once for a free Raisin Account and can then apply for multiple savings accounts in one place. Available savings accounts include fixed rate bonds, easy access and notice accounts.

All eligible deposits placed with Raisin's partner banks and are protected by the Financial Services Compensation Scheme (FSCS). Currently this covers up to £120,000 per person, per bank if a bank fails or is unable to meet its financial obligations. 

Reasons why savers choose to save with Raisin UK? 

● Access to over 40 partner banks and building societies 

● Competitive, and sometimes exclusive, savings rates 

● Single registration rather than multiple separate bank applications 

● One secure online dashboard to manage everything 

● The flexibility to spread your savings across easy access, notice accounts and fixed rate bonds 

● Access to banks which are not available direct, and to products which are not available in the wider market 

In some cases, banks may offer different rates directly. It is always worth comparing options and checking terms before applying. For savers looking to simplify the process of finding, diversifying and managing competitive savings accounts, Raisin UK has a lot to offer.