Raisin gets you access to lots of different savings accounts from just the one place — here’s how it works
Raisin savings accounts often feature in our savings tables, as you’ll see with the words “via Raisin” next to the account name — but why would you choose to go via Raisin and not directly to the savings provider? There are a few other savings platforms you’ll see that are similar, including Meteor and Prosper that work the same way. Here’s what Raisin offers, what types of savings accounts you can save into and why you might choose to save with it.
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What is Raisin?
Raisin is an intermediary — it has partnerships with a number of banks, so you can sign up for one account with Raisin, then choose between all of its partner banks to save with. But it doesn’t have partnerships with all banks, so you’re potentially losing out on better savings accounts elsewhere.
You can quickly move your savings between different accounts within the savings platform to get the best rate on your savings — something offered by other savings platforms like Meteor and Flagstone, with some automatically moving your money to the best ones.
Sometimes Raisin has an extra offer for some of its accounts, offering a cash bonus when you save a set amount. We’ll detail this below when the offer is running.
There’s no charge to save with Raisin or any of its partner banks.
Savings accounts available with Raisin
Raisin lets you save into easy access savings accounts, fixed rate savings accounts (bonds) from 6 months to 5 years, and notice savings accounts.
You can’t save into ISAs with Raisin.
Featured switching deal
Our top pick
Customer rating
3.8/5
- Switch bonus£180
- Offer endsUnknown
- FSCS Protected? Yes
- Switch bonus requirements Switch using the Current Account Switch Service and close your old account within 60 days of starting the switch
- Deposit requirements Deposit £1,500 in the first 60 days from opening the account
- Direct debits transferred over Set up two Direct Debits before or after the switch from a selected list of household bills
- Existing customers? Can't have held any Santander current account on 1 January 2025
- Restrictions Can't have received a switching bonus from Santander already, offer limited to once per person
- Eligible accounts Open a new or hold an existing Everyday, Edge, Edge Up or Edge Explorer current account
Partner banks
There are 50 partner banks with Raisin – a lot more than some of its competitors. Here are the partnered banks:
- Aldermore Bank
- Alpha Bank
- AlRayan Bank
- Atom Bank
- BACB
- Bank of Ceylon
- BNF Bank
- BPI Europe
- Brown Shipley
- Byblos Bank Europe SA
- Cambridge & Counties Bank
- Castle Community Bank
- Charter Savings Bank
- FCMB Bank UK
- FidBank UK
- Furness Building Society
- Gatehouse Bank
- GB Bank Limited
- Halcyon Money
- Hampshire Trust Bank
- HBL Bank UK Limited
- ICICI Bank UK
- Investec
- Isbank UK
- Kroo Bank
- Kuwait Finance House PLC
- Sharia account
- LHV Bank Limited
- Melton Building Society
- Mizrahi Tefahot Bank
- Monument Bank limited
- National Bank of Egypt
- OakNorth Bank
- Paragon Bank
- Perenna Bank
- Plane Saver
- Punjab National Bank
- QIB
- RCI Bank
- Santander International Bank
- Shawbrook
- SmartSave
- StreamBank
- Tandem Bank
- Teachers Building Society
- Tipton and Coseley Building Society
- UBL UK
- Vida Savings
- Whiteaway Laidlaw (trading name of Shawbrook Bank)
- Zenith Bank
- Ziraat Bank
Raisin offers
Raisin often runs promotions that earn you cashback when you sign up for an account and make a deposit. When these are running, we’ll list the top accounts here. With the extra cash bonus, these accounts often beat all other accounts on the market.
Raisin offers
- Expected rate (fixed)4.52% (effective 4.92% with £40 bonus)
- Minimum£1,000
- Maximum£120,000
- Offerup to £150 cashback
- FSCS Protected? Yes
- Offer Get up to £150 boost when you sign up for a fixed account of 1 year or more with the code WELCOME and deposit at least £10,000 by 30 April 2026
- Offer details Deposit £10,000 to £24,999 for a £40 bonus; £25,000 to £49,999 for a £100 bonus; or £50,000 to £85,000 for a £150 bonus
- Rate details The effective rate assumes you save £10,000 in a 12-month fixed account. The effective rate will change if you save more.
- Eligibility New customers only
- AER4.5% (effective 4.9% with £40 bonus)
- Minimum£1,000
- Maximum£120,000
- Offerup to £150 cashback
- FSCS Protected? Yes
- Offer Get up to £150 boost when you sign up for a fixed account of 1 year or more with the code WELCOME and deposit at least £10,000 by 30 April 2026
- Offer details Deposit £10,000 to £24,999 for a £40 bonus; £25,000 to £49,999 for a £100 bonus; or £50,000 to £85,000 for a £150 bonus
- Rate details The effective rate assumes you save £10,000 in a 12-month fixed account. The effective rate will change if you save more.
- Eligibility New customers only
- Expected profit rate (fixed)4.48% (effective 4.88% with £40 bonus)
- Minimum£1,000
- Maximum£120,000
- Offerup to £150 cashback
- FSCS Protected? Yes
- Offer Get up to £150 boost when you sign up for a fixed account of 1 year or more with the code WELCOME and deposit at least £10,000 by 30 April 2026
- Offer details Deposit £10,000 to £24,999 for a £40 bonus; £25,000 to £49,999 for a £100 bonus; or £50,000 to £85,000 for a £150 bonus
- Rate details The effective rate assumes you save £10,000 in a 12-month fixed account. The effective rate will change if you save more.
- Eligibility New customers only
What’s the minimum amount you can save with Raisin?
Each of the partner banks have different minimum deposits, the lowest being Atom Bank and Kroo at £100 and the highest is £10,000 from Alpha Bank and The National Bank of Egypt. Most of the banks on the platform have a £1,000 minimum deposit.
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How FSCS protection works with Raisin
When you upload funds to your Raisin account, they go into your Transaction Account and will stay here until you choose one of the partner banks to save into. The funds are held by ClearBank, which is the service bank, and is protected by the FSCS up to £120,000 per person (although this total includes any other money you have in an account also serviced by ClearBank).
The FSCS protection sits with the banks that you choose to save into, so once you deposit the money into a partner bank, you’ll have up to £120,000 of protection with each of them. Just be aware that some banks share protection.
Summary: is Raisin any good?
Zoe’s analysis
On the whole, Raisin is a pretty good idea — you can put your money into just one account, then choose between all the savings providers available on the platform. And sometimes it offers cash bonuses for saving, giving you a better interest rate on your savings.
However, Raisin isn’t partnered with every bank, meaning that you can risk putting your savings into an account that pays less than the best paying account on the market. Raisin does often have the top account, but it’s worth making sure that you shop around both inside and outside of Raisin’s platform.
When an offer is running, choosing to go via Raisin rather than direct to the provider can often get you a rate that’s better than any other accounts on the market, but you need to make sure that you hit the deposit requirements and open the right type of account.
