From Yahoo Finance: 2025-04-29 11:42:00

Raisin is a financial technology company that helps users find high-interest bank accounts from approximately 75 partner banks and credit unions. It allows you to open and manage accounts from multiple financial institutions in one place without the need for multiple logins.

Raisin simplifies the process of researching and opening bank accounts, ensuring competitive interest rates. However, it has limitations such as a short list of partner institutions, fewer tools for account management, and lower rates for some accounts compared to direct bank offerings.

Raisin is safe to use, offering accounts with FDIC or NCUA insurance and basic security features like multifactor authentication. Customer reviews are positive, with ratings of 4.4 on TrustPilot and 4.1 with the BBB.

If you have over $250,000 to deposit and want to spread it across multiple institutions for FDIC or NCUA insurance, Raisin may be suitable. However, if you need quick access to funds or better rates, you may want to explore other options after starting your search on Raisin.

Read more: Is this high-yield savings marketplace trustworthy?