How Raisin UK works

Once you’ve registered with Raisin UK, you can access savings accounts from a range of banks on our no-fees marketplace. You can then apply for savings accounts in a few clicks – no more application forms! After you’ve transferred your deposit to your Transaction Account, we’ll take care of the rest, so you can sit back, relax, and watch your money grow.

The information provided here is for informational and educational purposes only and does not constitute financial advice. Please consult with a licensed financial adviser or professional before making any financial decisions. Your financial situation is unique, and the information provided may not be suitable for your specific circumstances. We are not liable for any financial decisions or actions you take based on this information.

This diagram shows the journey of your money from your bank or building society account to a savings account:

Your money’s journey begins when you transfer funds from your Nominated Account to your Raisin UK Transaction Account, held at Clearbank.

When you place a deposit with one of our partner banks or building societies, the funds are transferred to a bare trustee (either Raisin Platforms Limited or Meteor Asset Management Limited, depending on your chosen partner bank) or may be transferred directly to your chosen partner bank.

When you choose a product with a partner bank that uses the bare trustee, the trustee will place the money you wish to invest into your chosen partner bank's savings account and will return your money, along with any interest or profit, to you on maturity. The trustee has no claim to your funds and administers them on your behalf while providing this service.

To learn more about this process, and the role of trustees, please read our FAQs.

We want you to make informed decisions about your savings, which is why we give everyone access to our growing collection of savings guides, which includes advice on how to get the most out of Raisin UK.