If you currently have deposits at an institution or across any of its brands that are above these limits, there will be no change to how your funds are allocated and the new limits will not require you to move any funds out of these accounts.
For funds currently deposited in certificates of deposit, please remember that any changes you wish to make remain subject to any early withdrawal penalties as outlined in your product terms.
For funds currently deposited in high-yield savings or money market deposit accounts, please note that you will not be able to make further deposits to accounts in excess of these limits and, instead, will need to make the deposit into an account with a new institution.
It is easy, however, to make deposits into new products offered by other institutions. If you would like to deposit additional funds, please go to “Explore products”, select a product offered by a different institution, and follow prompts to deposit. As a reminder, there are no fees for funding additional savings products with your Raisin account.