Savings accounts available through Raisin UK, plus guides and switch offers

Who they are

Raisin was founded in 2013 and has grown into one of Europe's leading savings marketplaces. Raisin UK launched in 2018, giving savers access to a wide range of savings accounts from partner banks and building societies, all through one online platform. The parent company is Berlin-based, and it now connects over one million customers from 11 countries with around 300 partner banks across Europe and the USA, including over 45 in the UK.

The core idea is simple. Rather than opening separate accounts with each provider, savers register once for a free Raisin account and can then apply for multiple savings accounts in one place. Raisin UK is free to use because it earns an intermediary fee from its partner banks for every savings account opened through the marketplace.

Savings accounts

Raisin is not the deposit-taker here - it is the platform that connects you to underlying banks. All eligible deposits are placed with Raisin's partner banks and are protected by the Financial Services Compensation Scheme (FSCS) - currently up to £120,000 per person, per bank if a bank fails or is unable to meet its financial obligations. That FSCS limit is notably higher than the standard £85,000 you get with most individual banks.

At the time of writing, three main product types are available through Raisin UK. The easy access Savings Account pays 4.05% variable with a minimum of just £1, so it suits smaller pots. The Fixed Account pays 4.75% with a £1,000 minimum - your money is locked away until maturity, but the rate is guaranteed. The Notice Account pays 4.25% as an expected profit rate (Sharia-compliant), also with a £1,000 minimum. Rates change over time, so check the live figures on this page for the current picture.

One thing worth keeping in mind: in some cases, banks may offer different rates directly, so it is always worth comparing options and checking terms before applying.

Is it right for you?

Raisin tends to suit savers who want to hold money across several products without juggling multiple logins and identity checks. The single-dashboard approach is genuinely useful if you use fixed-rate bonds regularly or want to spread cash across more than one institution without the admin overhead that usually brings.

The trade-off is that you are choosing from Raisin's partner panel rather than the entire UK market, so the very top rate on any given day may occasionally sit elsewhere. It also works best as a savings layer - day-to-day money and emergency funds usually still belong in a current account or easy-access account held directly with a bank.

There are no switching offers from Raisin UK currently listed. Compare the live rates shown on this page to see what is available right now.