In this guide, you’ll find out everything you need to know about opening and managing an easy access account at Raisin UK.

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1. Register for a Raisin UK Account and log in

To apply for, fund and manage all savings accounts available through our marketplace, you need to register for a Raisin UK Account.

Once you’ve registered for a Raisin UK Account, log in by visiting any page on raisin.co.uk and clicking the ‘Log in‘ button in the top right corner.

Please be aware that until your Raisin UK Account application is approved, you can only apply for savings accounts. After receiving your Raisin UK Account sort code and account number by email, or when details display in the top right-hand corner of your Raisin UK Account, you can transfer your money and complete your savings account application.

 

Log in to your Raisin UK AccountLog in to your Raisin UK AccountLog in to your Raisin UK Account
2. Navigate to ‘Savings accounts’

When you log into your Raisin UK Account, the first page you’ll see is your dashboard. From here, navigate to ‘Savings accounts’ and ‘All savings accounts’, where you’ll see all available savings accounts.

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3. Find the easy access account you want to open

Click the ‘Easy Access’ tab and then select the easy access account that you want to apply for.

Find the Easy access savings account you want to apply for.Find the Easy access savings account you want to apply for.Find the Easy access savings account you want to apply for.
4. Confirm you’re happy with the details and rate then click ‘Open account’

By clicking the ‘Details’ tab of any savings account on our marketplace, you can view important information about the bank, the rate of the savings account, the withdrawal and top-up process, how interest is paid and more.

Once you’re satisfied with the details, you can click ‘Open account’ to start your application.

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5. Enter the amount you want to open your easy access account with

After clicking ‘Open account’, you’ll be shown the details of the savings account you’re applying for. On this page, you should enter the amount you want to open your easy access account with, providing that amount is within the minimum and maximum amounts as explained in the ‘Details’ section.

Please be aware that the minimum deposit amount of each easy access account isn’t the same. You will only be able to open an easy access savings account through our marketplace with a deposit between the minimum and maximum deposit limits.

6. Agree to the terms and conditions

To continue with your application, please read the terms and conditions applicable to the savings account you’re applying for. You can confirm you’ve read these terms and conditions by clicking the tick boxes.

Once you have accepted all of the terms and conditions, click ‘Continue’ to proceed with your application.

7. Verify your application

Enter the six-digit mobile verification number we send to your mobile phone as an SMS text message and click ‘Continue’ to submit your application.

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8. Transfer your deposit to your Raisin UK Account

Transfer your deposit to your Raisin UK Account from your bank or building society in as many transactions needed to meet the deposit amount you entered when applying.

You can find your unique Raisin UK Account number and sort code we sent to you in your welcome email and the top right-hand corner of your Raisin UK Account. You can find out how to transfer money by reading our guide to transferring money to your Raisin UK Account.

Please be aware that it can take up to 24 hours for transferred funds to become visible in your Raisin UK Account.

Once you’ve transferred your full deposit amount, your application will be reviewed. If your application review is successful, your savings account will typically open in under two business days.

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9. Top-up your easy access account

Once your easy access account is open, you can easily top up your balance by transferring your deposits to your Raisin UK Account.

Once the amount you want to top up your easy access account with is available in your Raisin UK Account, log in and navigate to ‘My savings’, find the easy access account you want to top-up and click ‘Pay-in’.

Enter the amount you want to top-up your easy access account with, then click ‘Continue’.

Enter the six-digit mobile verification number we send to your mobile phone as an SMS text message and click ‘Continue’ to confirm your top-up.

Please be aware that some easy access accounts have a minimum top-up amount. You can only top-up your easy access account up to the limit of the deposit protection scheme applicable to each savings account (please be aware that deposit protection limits are per person, per banking group). Please refer to the savings account ‘Details’ tab for top-up limits.

You can only top-up your easy access account with an amount that is available in your Raisin UK Account, so please transfer your deposit to your Raisin UK Account before making a top-up through your Raisin UK Account.

10. Withdraw from your easy access account

You can withdraw as much as you like from your easy access account (within withdrawal amount limits) up to your minimum balance to your Raisin UK Account. To do this, log into your Raisin UK Account, navigate to ‘My savings’ and find the easy access account you want to withdraw from, then click ‘Pay-out’.

Enter the amount you want to withdraw from your easy access account, then click ‘Continue’.

Enter the six-digit mobile verification number we send to your mobile phone as an SMS text message and click ‘Continue’ to transfer money to your Raisin UK Account.

Although there is no limit to the number of withdrawals you can make, some easy access accounts have minimum withdrawal amounts. Please be aware that although most transactions complete in less time, it can take up to three business days for your withdrawal to become available in your Raisin UK Account.

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Closing your easy access account

To withdraw below your easy access account minimum balance, you’ll need to close your account by logging into your Raisin UK Account. To do this, navigate to ‘My savings’ and find the easy access account you want to close, then click ‘Early termination’. Your remaining balance will then be transferred to your Raisin UK Account, ready for you to open a different savings account, or withdraw your funds.

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Need to know anything else?

We hope that this guide has helped you. If you haven’t found what you’re looking for, please read our FAQs or our other guides.

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