Raisin
Raisin is a financial platform that partners with over 60 FDIC-insured banks and NCUA-insured credit unions to offer a variety of savings products with no fees to customers, providing up to $10 million in federal deposit insurance coverage.
Company Overview
Raisin is a financial platform established in 2012 that partners with over 60 FDIC-insured banks and NCUA-insured credit unions. The platform offers a variety of savings products such as savings accounts, money market accounts, CD accounts, and no-penalty CDs. By spreading deposits across multiple institutions, Raisin provides customers with up to $10 million in federal deposit insurance coverage. As a SOC 2 certified organization, Raisin ensures data security and privacy for its users.
Raisin Services
Raisin offers a range of services focused on savings optimization. These services include the ability to open and manage individual and joint accounts through a single secure login. The platform enables customers to create CD ladders for optimized savings strategies and offers a single monthly statement for all savings products. Raisin also provides a free mobile app available on iOS and Android devices for convenient account management.
Partner Banks and Credit Unions
Raisin exclusively partners with over 60 FDIC-insured banks and NCUA-insured credit unions to offer a variety of savings products. These partner institutions include both traditional and digital-first banks as well as not-for-profit, member-driven credit unions. These partnerships allow Raisin to provide exclusive products and competitive interest rates while supporting community development and various causes.
Referral and Bonus Programs
Raisin provides users with an opportunity to earn bonuses through its referral program. Customers can refer friends to the platform and earn bonuses once their referrals start using Raisin's services. This program incentivizes existing users to share the benefits of the platform with their network.
Security and Data Privacy
Raisin is a SOC 2 certified organization, highlighting its commitment to data security and privacy. This certification ensures that Raisin adheres to strict standards for managing customer data, providing users with peace of mind when using the platform. Additionally, all partner institutions are FDIC-insured or NCUA-insured, adding an extra layer of security for customer deposits.