How to use Raisin UK: a quick start guide

Whether you’re a beginner saver, have a lump sum to invest, or wish to grow your existing pot, opening a savings account through Raisin UK is a great way to save, whatever you’re saving for.

But how does it work? Well, the first thing you should know is that we’re not a bank. What we offer is a free, easy-to-use, simple savings service as an intermediary that allows you to choose from a range of banks to save with. You can open and manage multiple savings accounts using our no-fees marketplace.

Simply register with us to access a range of competitive savings accounts at your fingertips. The best thing? No more application forms! Once you’ve registered, you can apply for savings accounts in a few clicks.

Take the time to consider and compare different types of savings accounts, their benefits and interest rates, and weigh up which one is best suited to you. The important information you’ll need to know, for example interest rates and term length, is set out clearly, so you can compare savings accounts easily. The different types of savings accounts available through our marketplace include:

Transfer money from your nominated bank or building society account to your Transaction Account. Read our handy guide for more information.

All that’s left for you to do is sit back, relax and watch your money grow, thanks to the competitive interest rates provided by our partner banks.

Depending on the type of savings account and term you have chosen, you may need to take action as your account reaches maturity. We’ll email you as that date approaches, so you can decide how you’d like to reinvest or withdraw your funds.

If you’re unsure how to go about registering for a Raisin UK Account or get stuck at any stage of your application or money management process, our ‘how to’ guides and FAQs have the answers you’re looking for.

Depending on the type of savings account and term you have chosen, you may need to take action as your account reaches maturity. We’ll email you as that date approaches, so you can decide how you’d like to reinvest or withdraw your funds.

If you’re unsure how to go about registering for a Raisin UK Account or get stuck at any stage of your application or money management process, our ‘how to’ guides and FAQs have the answers you’re looking for.