Savings rates available through Raisin UK — compare accounts, guides and switch offers

Who they are

Raisin was founded in 2012 as a fintech connecting consumers with banks across the EU, UK, and US. 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. It is not a bank itself - it is a savings marketplace. Raisin connects over 1 million customers across 11 countries with around 300 partner banks, and is free to use because it earns an intermediary fee from its partner banks for every savings account opened. It is authorised and regulated by the FCA (FRN: 813894).

Savings accounts

Raisin UK currently lists three types of account on its marketplace. The easy access Savings Account pays 4.15% (variable) with instant access and a minimum deposit of just £1. The fixed rate Fixed Account pays 4.73% and requires a £1,000 minimum - your money is locked away until maturity. There is also a Notice Account at 4.25%, which is offered on a Sharia-compliant expected profit rate basis and also requires a £1,000 minimum.

Because Raisin is a marketplace rather than a deposit-taker, your money sits with the underlying partner bank - not with Raisin. All partner banks featured on the Raisin UK marketplace are either UK-based with deposits covered by the FSCS up to £120,000, or registered in a European country covered under the European Deposit Guarantee Scheme for the equivalent of €100,000. These protections apply per provider, so it is worth checking whether any two providers share a banking licence before spreading money across them.

Is it right for you?

The core appeal is simplicity. Raisin allows customers to make a single application, run a single regulatory check, and deposit their money, then deploy it across a number of banks and products. That is genuinely useful if you like holding several fixed-term bonds at once without juggling multiple logins and identity checks.

The trade-off is that savers can access products on the Raisin UK marketplace solely from its partner banks - not the whole UK savings market. The top rate in any given category can sometimes sit outside the platform. In some cases, banks may offer different rates directly, so it is always worth comparing options and checking terms before applying. Raisin also does not currently offer a cash ISA or joint accounts, which may rule it out for some savers.

For those who value organisation over constant rate-chasing - particularly fixed-rate savers - it can be a quietly effective part of a wider savings setup. Check the live rates shown on this page for today's figures, as they change regularly.