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.
Featured deal
Customer rating
3.9/5
- Switch bonus£240
- Perks8% regular saver
- Monthly fee0
- Offer endsUnknown
- FSCS Protected? Yes
- Bonus requirements To get the £240 switch offer, you need to complete a full switch with the Current Account Switching Service. Then, within 60 days of your initial switch request, you need to set up two active direct debits, deposit £1,500 into the current account, set up a Santander Regular Saver, and deposit £200 into it.
- Regular saver 8% (variable) regular savings account. Includes 5% (variable) bonus for 12 months
- Existing customers? You can't have held a Santander account on 1 January 2026.
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 Cash ISA
Raisin is launching Cash ISAs in the coming weeks, which will let you make use of your annual £20,000 ISA allowance. You can still save into several different accounts and move your money around within the tax wrapper, which can make the admin of saving into Cash ISAs a lot easier — for one, you wouldn’t need to worry about ISA transfers when moving your money between them.
However, as before, you need to be careful not to limit yourself to only the accounts available with Raisin, as this could reduce the amount of interest available to you. Be sure to compare Cash ISA rates both outside of and within the Raisin platform to choose an account.
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)4.89% (effective 5.29% with £40 bonus)
- Minimum£1,000
- Maximum£120,000
- Offerup to £150 welcome bonus*
- FSCS Protected? Yes
- Offer Until 30 September 2026, you can get a welcome bonus of up to £150 when you open a new Raisin savings account and save at least £10,000. The more you save, the higher the bonus you'll earn. You need to use the code SEP150 to get the offer.
- Rate details The effective rate assumes you'll leave £10,000 saved in this account for 12 months. The effective rate will change if you save more.
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.
The new Cash ISAs make Raisin more appealing than before, as they can reduce the admin of managing several Cash ISAs.
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 directly 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.
