Can I trust Raisin bank?
Raisin never touches your funds and they are always held with a federally insured institution for your safety and security. Additionally, your money is associated with your unique Raisin ID, ensuring clear distinction and security for your savings in the custodial accounts.
Is Raisin safe? Raisin's partners are all protected by FDIC or NCUA deposit insurance to keep customer funds safe. The company also takes numerous steps to safeguard customer data and maintain privacy, such as encrypting data and using multi-factor authentication.
Yes, accounts you open through Raisin are insured. Accounts at partner banks are federally insured by the FDIC, and ones at partner credit unions are insured by the NCUA.
Your money is secure at every step. We're authorised and regulated by the FCA (FRN: 813894), and we only work with banks that are protected by the FSCS (or the European equivalent), so you can deposit, manage and save with absolute confidence.
Raisin is a free-to-use savings platform that allows savers to browse, open and manage multiple accounts with a range of providers. There are no fees, and your cash comes under FSCS protection.
Raisin and Raisin UK is owned by Raisin GmbH, which is headquartered in Berlin, Germany, and was founded in 2012.
- Capital One Bank.
- PNC Bank.
- Bank of New York Mellon.
- U.S. Bancorp (U.S. Bank)
- Wells Fargo.
- Citibank.
- Bank of America.
- JPMorgan Chase.
Over 1 million customers worldwide have entrusted Raisin to help grow their savings.
Takeaways. Raisins can be a healthy snack, as long as you don't eat too many of them. These dried fruits are especially high in antioxidants and minerals, but you have to watch out for their sugar and calories.
Savings accounts through Raisin don't charge any fees. It's common to see banks put a limit of six withdrawals or outbound transfers per month on savings accounts. Exceeding that limit may incur penalties.
Is Raisin Bank ethical?
Why is it ethical? Raisin UK enables you to compare savings rates from 'ethical' banks. It offers savings deals with building societies, which are by nature more ethical than banks, Sharia-compliant accounts (such as Gatehouse and QIB UK) as well as Tandem, which says it is aiming to be a 'Good Green Bank'.
| Bank | Forbes Advisor Rating | Products |
|---|---|---|
| Chase Bank | 5.0 | Checking, Savings, CDs |
| Bank of America | 4.2 | Checking, Savings, CDs |
| Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
| Citi® | 4.0 | Checking, savings, CDs |
Raisin has been profitable for half a year and currently manages a total of €38 billion in assets for customers globally.
Once your money is available, you can view your available balance from the dashboard of your Raisin UK Account after logging in.
Who are Raisin? – Raisin Bank Ireland 2024. Raisin Bank Ireland are a German fintech best described as an online savings and investment marketplace. Raisin allows their customers to access better saving and investment opportunities from over 400 banks in more than 30 countries across Europe.
If your bank fails, up to $250,000 of deposited money (per person, per account ownership type) is protected by the FDIC. When banks fail, the most common outcome is that another bank takes over the assets and your accounts are simply transferred over.
Founded in Frankfurt in 1973 as a fully licensed fronting and service bank, Raisin Bank (formerly: MHB-Bank AG) was acquired by Raisin in 2019. Today, Raisin Bank is one of the first cloud banks in Germany and the only German cloud bank passported throughout the EU.
Raisin Bank makes it possible to grant loans by means of its full banking licence. Invest in Visions gives institutional and private investors access to so-called 'impact investments'.
Where is Raisin Bank's headquarters? Raisin Bank's headquarters is located at Niedenau 61-63, Frankfurt am Main.
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
Which banks in US are at risk?
In the United States, Silicon Valley Bank, Signature Bank and First Republic Bank failed at around the same time amid Federal Reserve interest rate hikes to contain inflation.
One of the biggest banks, Chase, is also one of the most secure banks to keep your money safe. Chase offers Zero Liability Protection, so if unauthorized transactions are made under your name, you won't be held responsible.
In addition, people who eat raisins tend to have healthier diets: raisins contain antioxidants that may help bolster cardiovascular function, have antibacterial properties that can improve oral health, and are prebiotics, which can promote gut health, per a 2020 review in Nutrients.
1. What is Raisin? Raisin is a free digital savings marketplace that connects savers to federally insured partner banks and credit unions offering their best digital-only rates and products.
| Name | Amazon Ratings | Amazon Price |
|---|---|---|
| Happilo Premium Afghani Seedless Black Raisins 250 g | 4.3 / 5 | Click here |
| Nuts About You Raisin, 500 g | 4.1 / 5 | Click here |
| Amazon Brand - Vedaka Premium Black Raisins | 4.1 / 5 | Click here |
| Tata Sampann Pure Raisins Seedless, Kishmish | 4.4 / 5 | Click here |
References
- https://www.raisin.com/en-us/how-it-works
- https://www.quora.com/What-are-the-least-secure-banks-in-the-United-States-of-America
- https://www.imf.org/en/Blogs/Articles/2024/03/18/more-work-is-needed-to-make-big-banks-resolvable
- https://www.fool.com/the-ascent/banks/articles/over-1-trillion-has-left-traditional-banks-heres-whos-pulling-their-money/
- https://www.fool.com/the-ascent/banks/articles/heres-what-happens-when-you-withdraw-a-lot-of-money-from-your-bank-account/
- https://www.visualcapitalist.com/visualizing-the-investments-of-the-ultra-wealthy/
- https://www.fool.com/the-ascent/banks/raisin-review/
- https://www.raisin.com/en-us/savings-accounts
- https://www.wsj.com/articles/invest-money-banking-crisis-c9d1c572
- https://www.raisin.co.uk/
- https://www.experian.com/blogs/ask-experian/pros-and-cons-of-savings-accounts/
- https://www.noradarealestate.com/blog/is-bank-of-america-in-trouble/
- https://privatebank.jpmorgan.com/nam/en/insights/wealth-planning/jp-morgan-private-bank-is-named-2024s-worlds-best-private-bank-for-the-fifth-year-in-a-row
- https://www.raisin.com/en-us/faq
- https://corporatefinanceinstitute.com/resources/career-map/sell-side/risk-management/major-risks-for-banks/
- https://www.cnn.com/cnn-underscored/money/average-american-savings
- https://www.creditdonkey.com/is-raisin-safe-and-legit.html
- https://www.healthline.com/health/diabetes/diabetes-raisins
- https://www.raisin.co.uk/banking/expected-profit-rate/
- https://time.com/personal-finance/article/how-much-cash-to-keep-in-checking-account/
- https://www.quora.com/Is-it-possible-to-have-one-billion-dollars-in-your-personal-savings-account-if-yes-what-are-the-implications
- https://www.bankrate.com/banking/savings/ways-to-insure-excess-deposits/
- https://finance.yahoo.com/news/live-1-000-per-month-200011859.html
- https://www.raisin.co.uk/savings/islamic-savings-account/
- https://www.thestreet.com/personal-finance/banks-most-at-risk-morningstar
- https://apnews.com/article/business-financial-services-signature-bank-6aa3564a8acda9098929abe4741fcbfd
- https://www.forbes.com/advisor/banking/is-my-money-safe-in-the-bank/
- https://www.capitalone.com/bank/fdic/
- https://www.penfed.org/learn/is-money-safer-in-checking-or-savings
- https://www.investopedia.com/what-happens-if-my-bank-fails-7378029
- https://finance.yahoo.com/news/4-most-popular-banks-millionaires-150054420.html
- https://www.americanbullion.com/can-banks-seize-your-money/
- https://bravelygo.co/ethical-banks-in-the-us-3-socially-responsible-banks/
- https://www.marketwatch.com/guides/banking/how-to-transfer-money-between-banks/
- https://www.bankrate.com/banking/savings/savings-account-average-balance/
- https://www.nerdwallet.com/article/banking/how-to-transfer-money-from-one-bank-to-another
- https://www.bankrate.com/banking/biggest-banks-in-america/
- https://www.moneyguideireland.com/raisin-com-offering-better-interest-rates-for-irish-savers.html
- https://www.raisin.com/en/about-raisin/
- https://www.experian.com/blogs/ask-experian/how-much-money-to-keep-in-checking-and-savings-accounts/
- https://smartasset.com/checking-account/how-the-rich-bank-differently-from-the-rest-of-us
- https://smartasset.com/financial-advisor/where-do-millionaires-keep-their-money
- https://www.hrblock.com/tax-center/irs/audits-and-tax-notices/can-the-irs-get-my-financial-information/
- https://quickbooks.intuit.com/r/banking/how-to-tell-if-a-bank-is-healthy/
- https://www.associatedbank.com/personal/savings-and-investing/savings-accounts/zero-interest-savings
- https://www.businessinsider.com/personal-finance/how-to-deposit-money-someone-else-bank-account
- https://www.depositaccounts.com/blog/cash-deposit.html
- https://www.raisin.co.uk/about-us/
- https://finance.yahoo.com/news/7-bank-stocks-least-likely-192442317.html
- https://m.economictimes.com/top-trending-products/food-beverages/best-raisins/kishmish-to-satisfy-your-cravings-and-boost-your-health/articleshow/107891443.cms
- https://www.cnbc.com/select/can-you-have-too-much-in-savings/
- https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/
- https://www.cbinsights.com/company/raisin-bank/alternatives-competitors
- https://www.eatingwell.com/article/8044166/are-raisins-good-for-you/
- https://www.quora.com/Are-there-any-limits-to-how-much-money-we-can-keep-in-our-checking-and-savings-accounts-without-being-charged-by-banks
- https://www.fool.com/the-ascent/research/average-savings-account-balance/
- https://bravelygo.co/least-ethical-banks/
- https://www.thebalancemoney.com/deposit-cash-315424
- https://www.usnews.com/banking/articles/credit-union-vs-a-bank
- https://finance.yahoo.com/news/banks-best-dealing-identity-theft-130001499.html
- https://finance.yahoo.com/news/rich-people-pick-banks-190010141.html
- https://www.pbs.org/newshour/economy/your-financial-accounts-are-safe-experts-say-heres-what-protects-them
- https://www.nerdwallet.com/article/banking/is-my-money-safe-in-a-bank
- https://www.nerdwallet.com/article/banking/how-much-should-i-have-in-savings
- https://www.preferredbank.com/personal/products-and-services/expanded-insurance-protection
- https://moneysherpa.ie/savings-2/best-financial-services/best-bank-account/raisin-bank-ireland-review-2023/
- https://www.businessinsider.com/personal-finance/raisin-review
- https://www.gobankingrates.com/banking/banks/what-banks-do-most-celebrities-use/
- https://www.thinkmoney.co.uk/current-account/current-or-savings-account/
- https://www.rocketmoney.com/learn/personal-finance/living-paycheck-to-paycheck
- https://www.sofi.com/learn/content/do-checking-accounts-have-maximum-limits/
- https://homework.study.com/explanation/what-would-happen-if-i-walked-into-a-bank-to-deposit-1-million-dollars-in-cash-do-most-banks-have-machines-that-do-the-counting.html
- https://www.healthline.com/health/food-nutrition/are-raisins-good-for-you
- https://www.helpwithmybank.gov/help-topics/bank-accounts/fdic-deposit-insurance/deposit-limit.html
- https://www.fintechfutures.com/2023/03/german-fintech-raisin-lands-e60m-in-series-e-funding/
- https://www.raisin.co.uk/guides/transfer-money/
- https://www.bankrate.com/uk/current-accounts/whats-the-difference-between-a-current-and-savings-account/
- https://www.unfcu.org/financial-wellness/50-30-20-rule/
- https://finance.yahoo.com/news/income-level-considered-rich-140003986.html
- https://www.natwest.com/current-accounts/bank-account-vs-savings-account.html
- https://www.quora.com/If-banks-only-insure-up-to-250-000-where-do-rich-people-keep-their-money
- https://www.forbes.com/advisor/banking/savings/raisin-review/
- https://www.quora.com/Is-it-legal-to-store-large-amounts-of-cash-at-home-in-the-United-States
- https://www.healthlottery.co.uk/blog/best-banks-for-lottery-winners/
- https://www.usnews.com/banking/articles/if-you-deposit-a-lot-of-cash-does-your-bank-report-it-to-the-government
- https://www.nasdaq.com/articles/5-things-you-shouldnt-do-when-your-savings-reaches-$100000
- https://www.cbinsights.com/company/raisin-bank
- https://finance.yahoo.com/news/20-000-good-amount-savings-160036732.html
- https://www.ceauthority.com/StudyGuideContent/FAQS/AML%20glossary_0205.pdf
- https://good-with-money.com/2024/03/26/top-9-ethical-savings-accounts/
- https://www.nerdwallet.com/article/banking/how-much-money-in-checking-and-savings
- https://smartasset.com/career/what-should-my-net-worth-be-at-35
- https://www.raisin.bank/en/banking-as-a-service/
- https://www.forbes.com/advisor/banking/how-much-cash-should-you-keep-in-the-bank/
- https://www.forbes.com/uk/advisor/savings/raisin-uk-review/
- https://gocardless.com/en-us/guides/posts/fastest-way-to-transfer-money-between-banks/
- https://www.investopedia.com/terms/i/islamicbanking.asp
- https://www.alogent.com/banking-definitions/suspicious-activity-monitoring
- https://www.unbiased.com/discover/banking/what-is-private-banking
- https://www.webmd.com/diet/raisins-good-for-you
- https://www.veem.com/library/are-wire-transfers-over-10000-reported-to-the-irs/
- https://www.forbes.com/advisor/banking/safest-banks-in-the-us/
- https://www.raisin.co.uk/how-raisin-uk-works/
- https://time.com/personal-finance/article/average-american-savings-account-balance/
- https://www.raisin.com/en-us/about-us
- https://www.raisin.com/en-us/blogs/how-to-use-a-savings-account
- https://finance.yahoo.com/news/where-millionaires-keep-money-070638027.html
- https://www.investopedia.com/how-much-cash-can-you-deposit-at-a-bank-8553483
- https://www.usatoday.com/money/blueprint/business/hr-payroll/average-salary-us/
- https://finance.yahoo.com/news/much-money-millionaires-put-checking-120013872.html
- https://www.moneysavingexpert.com/savings/safe-savings/
- https://nypost.com/banking/average-savings-balance/
- https://www.fool.com/the-ascent/research/wealthy-credit-card-habits/
