For products offered by banks, all necessary registration is handled when you become a Raisin customer. One of the many benefits of our platform is that, by opening a Raisin account, you are able to deposit money and earn competitive interest rates from any of the financial institutions in our network.
When you select and fund a savings product offered by a credit union, there is often an additional step of becoming a member. When it is necessary, Raisin makes that process quick, easy, and free.
For any savings accounts or CDs opened through the Raisin platform, your funds are held at your chosen bank or credit union and are insured up to institutional limits. However, your relationship is solely with Raisin and our custodial bank.