Updated September 28, 2026 · SumCue Editorial Team
Nutmeg vs Raisin
Nutmeg
Higher score in this comparison
Raisin
Where Nutmeg and Raisin differ
| Compare | NutmegReviewSee alternativesSee alternatives | RaisinReviewSee alternativesSee alternatives |
|---|---|---|
| Management fee | 0.25% to 0.75% | 0%Lower |
| Minimum investment | £100 to £500 | $1 |
| Regulators | Financial Conduct Authority | Bezirksamt Friedrichshain Kreuzberg (financial investment intermediary register, registration D F 107 QQ43 76) |
| Investor protection | FSCS up to GBP 85,000 | EU ICS up to EUR 20,000 |
| Account types | ISA, SIPPCovers more | ISA |
| Portfolio types | ETF, ESG, CashCovers more | Cash |
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Key differences
- Nutmeg scores higher overall: 9.2 vs 8.8.
- Regulators: only Nutmeg offers Financial Conduct Authority.
- Regulators: only Raisin offers Bezirksamt Friedrichshain Kreuzberg (financial investment intermediary register, registration D F 107 QQ43 76).
- Raisin is available in 9 more countries.
- Management fee is lower at Raisin: 0% vs 0.25% to 0.75%.
- Account types: only Nutmeg offers SIPP.
- Portfolio types: only Nutmeg offers ETF, ESG.
- Support channels: only Nutmeg offers Chat.
Our verdict on each
Nutmeg
Nutmeg keeps the running cost of a managed portfolio low and the paperwork light, which suits UK savers who want an ISA or SIPP without choosing investments themselves. The catch sits in the entry bar: the minimum deposit is £500 and fees of 0.25% to 0.75% a year apply.
Raisin
Raisin is a savings marketplace with an easy-access account, an ISA and no monthly charge, so it suits UK savers who want one place to hold cash. Its headline rate of 4.15% sits above the 3% median across the site, and the minimum deposit starts at £100.
Score breakdown
| Area | Nutmeg | Raisin |
|---|---|---|
| Cost | 9.2HigherCosts are the management fee of 0.25% to 0.75% a year, with trading adding £0 and no set-up, trading or exit fees. | 8.8Account fee and monthly fee are £0 and £0, and the headline rate of 4.15% sits above the site median of 3%. |
| Offer | 9.5Higher | 8.9 |
| Trust | 9.1Higher | 8.7 |
Cost in a real example
10,000 invested for a year
Nutmeg
25 to 75
0.25% to 0.75% of 10,000
Raisin
0
0% of 10,000
Raisin comes out 25 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Pick Nutmeg if, pick Raisin if
Pick Nutmeg if cost, offer, trust, account types, and portfolio types matter most.
Pick Raisin if management fee matter most.
Side by side, item by item
| Portfolio types | Nutmeg | Raisin |
|---|---|---|
| ETF | Yes | No |
| ESG | Yes | No |
| Cash | Yes | Yes |
| Account types | Nutmeg | Raisin |
|---|---|---|
| ISA | Yes | Yes |
| SIPP | Yes | No |
Where these facts come from
Nutmeg
- nutmeg.com: 8 facts, checked September 26, 2026
- register.fca.org.uk: 2 facts, checked September 26, 2026
Raisin
- raisin.com: 10 facts, checked September 26, 2026
How they place
| Ranking | Nutmeg | Raisin |
|---|---|---|
| Investing | 133 of 654 | 280 of 654 |
| Robo-advisors | 33 of 154 | 85 of 154 |
| Stocks and shares ISAs | 5 of 25 | 12 of 25 |
Every fact side by side
| Fact | Nutmeg | Raisin |
|---|---|---|
| Legal entity | J.P. Morgan Personal Investing Limited | Raisin SE |
| Headquarters | United Kingdom | Germany |
| Founded | 2012 | 2012 |
| Support channels | Email, Chat, Phone, Help centreCovers more | Phone, Email, Help centre |
Brokers
| Fact | Nutmeg | Raisin |
|---|---|---|
| Minimum deposit | £500 | £100Lower |
| Stock trade fee | £0 | Not confirmed |
| Account fee | Not confirmed | £0 |
| Markets | ETFs, Funds, Stocks, Bonds | Not confirmed |
| Features | Mobile app | Not confirmed |
| Pricing model | Commission free | No monthly fee |
| Deposit and withdrawal fees | no set-up, trading or exit fees | Not confirmed |
| Platforms | Web, Mobile app | Not confirmed |
Savings
| Fact | Nutmeg | Raisin |
|---|---|---|
| Headline rate | Not confirmed | 4.15% |
| Rate type | Not confirmed | Variable |
| Deposit protection | Not confirmed | FSCS up to GBP 85,000 |
| Access terms | Not confirmed | Easy access savings account on the Raisin UK marketplace: top up and withdraw at your convenience, no fixed term |
| Monthly fee | Not confirmed | £0 |
| Account kind | Not confirmed | Easy access |
Where each stands against the rest
| Fact | Nutmeg | Raisin | Median |
|---|---|---|---|
| Management fee | 0.25% to 0.75%below the median | 0%lowest quarter | 0.35 |
Median across 86 listed providers.
Pros and cons
Nutmeg
Pros
- Trading adds £0, and set-up, trading and exit fees do not run on the account, so moving money in or out costs nothing extra.
- Regulated by the Financial Conduct Authority, with investor protection of FSCS up to GBP 85,000 behind the balance.
- Support runs on email, chat and phone, so help is available by phone and live chat as well as in writing.
Cons
- A £500 minimum deposit and a minimum investment of £100 to £500 put Nutmeg above Axos Invest, which lists $100.
- A quarter of robo-advisors charge 0% in management fees, so fees of 0.25% to 0.75% a year are not the lowest rate around.
- Account choice is limited to isa and sipp, with no general investment account in the range.
Raisin
Pros
- The account fee and monthly fee are £0 and £0, so holding cash costs nothing
- The headline rate of 4.15% is above the site median of 3%
- The account is easy access, so you can top up and withdraw with no fixed term
Cons
- Protection on investments is EU ICS up to EUR 20,000, well below the FSCS up to GBP 85,000 that covers savings
- The rate is variable, so the headline figure can move
- The minimum deposit of £100 is above the €0.88 median across the site
Who each suits
Nutmeg
Who it suits
- UK beginners who want an ISA or SIPP opened without choosing individual investments.
- Savers who can fund a £500 deposit and hold the account for years rather than months.
- People happy to hand asset allocation to an algorithm across the etf, esg and cash range.
Who should look elsewhere
- eToro, which lists a management fee of 0%, if the annual charge is the number that decides it.
- Axos Invest, where a starting amount of $100 suits anyone below the £500 deposit Nutmeg asks for.
- Empower Personal Dashboard for savers who want 0% management fees rather than 0.25% to 0.75% a year.
Raisin
Who it suits
- UK savers who want a variable rate and no monthly charge
- Anyone holding an ISA who values easy access over a fixed term
- Savers comfortable choosing a marketplace rather than a single bank's savings account
Who should look elsewhere
- Vantage or eToro readers who want to pick and trade investments rather than hold savings
- Vivid Plus readers who want a multi-currency account with a card
- Anyone whose balance sits above the protection on investments
Current offers
Nutmeg
Current offer
Bonus
Earn £100 when you invest £1,000: GBP 100 cash reward
Invest at least £1,000 in one payment into a General Investment Account, Stocks and Shares ISA, Lifetime ISA, Junior ISA or Personal Pension and keep it invested for at least 6 months; new contributions only, transfers excluded; reward paid as unallocated cash within 55 days; new clients only, cannot be combined with other new-client offers
Source, checked September 26, 2026
Raisin
Current offer
Bonus
Earn up to $1,000 cash bonus: up to $1,000
New customers only, qualifying balances, code STACK
Source, checked September 26, 2026
Country by country
| Country | Nutmeg | Raisin |
|---|---|---|
| Austria | No | Yes |
| Finland | No | Yes |
| France | No | Yes |
| Germany | No | Yes |
| Ireland | No | Yes |
| Netherlands | No | Yes |
| Poland | No | Yes |
| Spain | No | Yes |
8 of 10 countries where either is available.
Questions about each
Nutmeg
What does Nutmeg cost to run?+
The yearly cost is a management fee of 0.25% to 0.75% a year, taken from the account. Trading adds £0, and set-up, trading and exit fees do not run on the account, so moving money in or out costs nothing extra. That annual charge is the number to compare across robo-advisors.
How much do I need to open an account?+
The minimum deposit is £500, and once the account is open the minimum investment is £100 to £500. The deposit is the amount the account has to start with, while the investment range covers the size of a single contribution or holding. Contributions above the minimum can be added as the balance grows.
Raisin
What rate does Raisin pay on its easy-access savings account?+
The easy-access account pays a variable rate of 4.15%. Because the rate type is variable, that figure can change, so the headline number is a starting point rather than a promise. The account carries no fixed term.
Is there any monthly or account fee at Raisin?+
No. The account fee is £0 and the monthly fee is £0, so there is no monthly charge on the easy-access account. The account kind is easy access, which suits a no monthly fee model.
Other options to compare
Other matchups
Nutmeg
Raisin