How Raisin UK works

Once you’ve registered with Raisin UK, you can access savings accounts from a range of banks on our no-fees marketplace. You can then apply for savings accounts in a few clicks – no more application forms! After you’ve transferred your deposit to your Transaction Account, we’ll take care of the rest, so you can sit back, relax, and watch your money grow.

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Your money journey

This diagram shows the journey of your money from your bank or building society account to a savings account:

The process is automated, so you only need to transfer money from your Nominated Account to your Transaction Account, and we’ll do the rest.

Please be aware that some of our partner banks don’t utilise the services of Meteor Asset Management (MAM). You can find out if a partner bank will transfer your money via MAM by reading the product description.

Why choose Raisin UK?


Your money is secure at every step. We’re authorised and regulated by the FCA, and we only work with banks that are protected by the FSCS or the European equivalent scheme


Saving with specialist and challenger banks often gives you access to better rates than you’ll find on the high street, which means your money can grow quicker


Say goodbye to application forms, endless logins and hidden fees with our easy, free-to-use service

Learn more about your savings

We want you to make informed decisions about your savings, which is why we give everyone access to our growing collection of savings guides, which includes advice on how to get the most out of Raisin UK.

How we make money

We earn an intermediary fee from our partner banks, who pay us for every savings account opened through our marketplace, which is why our savings service is free to use. We don’t earn money from deposits held in your Transaction Account, and we don’t earn money while deposits transfer to savings accounts.

Peace of mind with deposit protection

Knowing that your savings are safe is priceless, which is why deposits made into every savings account offered by our UK based partner banks are protected by the Financial Services Compensation Scheme (FSCS).

Savings accounts offered by our partner banks based in other European countries are protected by the European Deposit Guarantee Scheme (DGS).

FSCS ProtectedFSCS ProtectedFSCS Protected

Raisin UK and ClearBank

ClearBank provides your FSCS-protected Transaction Account, which allows you to transfer money between your Nominated Account and your Transaction Account in order to open savings accounts on the Raisin UK marketplace.

Want to know more?

Please read the FAQs below if you want to know more, or visit our FAQs page where you’ll find answers to our most frequently asked questions.

  • General information about Raisin UK
  • Your Transaction Account
  • Applying for savings accounts at Raisin UK

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