Deposits and withdrawals on the Raisin platform are typically completed within 2 business days.
Key points about transaction timelines
Processing time: Deposits and withdrawals usually settle within 2 business days.
Business days: Monday–Friday, excluding U.S. bank holidays.
Product-Specific Transfer Rules
High-Yield Savings Accounts (HYSAs) & Money Market Deposit Accounts (MMDAs)
- No limits on deposits or withdrawals.
- Standard transfer timelines apply.
Certificates of Deposit (CDs)
- No additional deposits allowed after the CD is opened.
- Early withdrawals before maturity may incur penalty fees.
- Check your product’s terms for details.
No-Penalty Certificates of Deposit
- No additional deposits allowed after opening.
- Only full withdrawals are permitted.
- Generally no withdrawal fees, but a minimum required holding period may apply.
- Consult your product terms for specifics.
Cash Account
- No limitations on transfers in or out.