How Raisin UK works

1. Register

Register for a free Raisin UK Account

2. Apply

Apply for savings accounts from partner banks

3. Transfer

Transfer deposits to your Raisin UK Account

4. Earn

Earn money from your savings

Why choose Raisin UK?

Your money journey

Your money journeyYour money journeyYour money journey

This diagram shows the journey of your money from your bank or building society account to a savings account. This process is automated, so you only need to transfer your money between your Raisin UK Account and your nominated account. We take care of 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.

Raisin UK and Starling Bank

In 2018, we were one of the first companies in the UK to utilise Starling Bank’s innovative open banking services. Starling Bank provides the FSCS protected functionality of the Raisin UK Account that allows you to transfer money to and from our partner banks.

Raisin UK and Starling BankRaisin UK and Starling BankRaisin UK and Starling Bank

Savings accounts at Raisin UK

Fixed rate bonds

  • Make one deposit to earn a fixed rate of interest or profit
  • Deposit locked in for a fixed term
  • Funds transfer to your Raisin UK Account at maturity

View all fixed rate bonds

Notice accounts

  • Make one deposit to earn a variable rate of interest or profit
  • Enter notice period to withdraw funds and close account
  • Funds transfer to your Raisin UK Account after notice period

View all notice accounts

Easy access accounts

  • Make an initial deposit, then top up as many times as you like
  • You can withdraw money as often as you want, provided it doesn’t take your balance below the minimum required to keep your account open
  • Interest is paid monthly

View all easy access accounts

How we make money

We make money from fees our partner banks pay us for every saving 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 Raisin UK Account, and we don’t earn money while deposits transfer to savings accounts. We only make money when your savings deposits are making money for you, which motivates us to provide you with the best savings accounts, rates and service possible.

Peace of mind with deposit protection

Feeling reassured 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

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.

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
  • The Raisin UK Account
  • Applying for savings accounts at Raisin UK

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