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Raisin UK review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Raisin UK suits savers who want a strong return without a term to run: the account is easy access and deposits are covered by FSCS up to GBP 85,000. The £100 minimum deposit is the trade-off, and on entry point Raisin UK ranks at 323 of 379.

Key facts

Best for
A strong variable rate with instant access and no term to run.
Headline rate
4.15%↗
Rate type
Variable↗
Minimum deposit
£100↗
Deposit protection
FSCS up to GBP 85,000↗
Access terms
Top up and withdraw at your convenience, no fixed term, keep the account open for as long as you want↗
Monthly fee
£0↗
Account kind
Easy access↗
Legal entity
Raisin Platforms Limited↗
Headquarters
United Kingdom↗
Support channels
Email, Phone, Help-centre↗
Pricing model
No monthly fee
Official website
raisin.co.uk

Facts checked September 26, 2026, 5 sources

Apps and profiles

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Elsewhere
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Pros and cons

Pros

  • A variable rate with no fixed term, so the balance stays reachable while it earns.
  • Support runs on email, phone and help centre, and phone is the most common route among savings listings here, at 80.2%.
  • Access terms pair with the easy access design: top ups and withdrawals at convenience, and the account stays open for as long as you want.

Cons

  • The variable rate is not locked, so 4.15% can move down with market rates.
  • Support runs on email, phone and help centre only, so there is no live chat in the mix.
  • £100 is well above the €0.17 median entry point across savings listings, so small balances do not fit.
Raisin UK

Ready to try Raisin UK?

Scored 8.9 / 10 by SumCue.

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Who it suits

  • UK savers who need to reach their money at short notice and can leave it without a term.
  • Savers starting out who can meet the £100 minimum deposit and would rather not pay a monthly charge.
  • People who prefer phone help, since support runs on email, phone and help centre.

Who should look elsewhere

  • Savers who want a rate locked for a set period, since this account pays a variable rate, and bunq and Wise are the other options here at 3.01% and 3.29%.
  • Savers who want to shop a range of rates, since Finteres lists 0% to 36% against the single variable rate here.

Rates and card terms

The account pays 4.15% at a variable rate. A variable rate rises and falls with market conditions, so the headline is the opening level of the offer rather than a level held for the life of the balance. The result is a rate that stays flexible for the saver but leaves the return exposed when market rates move down.

Deposit protection

Deposits are covered by FSCS up to GBP 85,000, so eligible money up to that limit sits with the deposit protection scheme. The provider is authorised and regulated by the Financial Conduct Authority, registered in the UK under reference 978619. Eligible money above the stated cap would not be covered, so the limit is the number to weigh alongside the rate.

How Raisin UK compares

Where Raisin UK is available

Available
United Kingdom
Licence in United Kingdom
Financial Conduct Authority (FCA) (978619), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Raisin UK pay?+

The account pays a headline rate of 4.15% on a variable basis, so the figure moves with market rates rather than staying put. The median headline rate across the savings listings compared here is 3%, which puts this number above the middle of the field.

Can I lock the rate for a fixed term?+

No. The account is set up as variable rather than fixed, and the access terms describe no fixed term, with the account kept open for as long as you want. Savers who want the rate held for a set period should look at fixed products instead.

Is there a monthly fee?+

The monthly fee is £0 and the account runs on a no monthly fee model, so no regular charge is taken to keep it open. That matches the norm, since 53.4% of the savings listings compared here also carry no monthly fee.

How much do I need to open the account?+

The minimum deposit is £100. The median minimum deposit across the savings listings compared here is €0.17, so this account asks for a starting balance well above the typical entry point on the list.

Is my money protected if the provider fails?+

Deposits are covered by FSCS up to GBP 85,000, so eligible money up to that limit is protected by the scheme. A balance sitting above the stated cap would not be covered by it, which is the number to weigh against the rate before opening an account.

Who regulates Raisin UK?+

The provider is authorised and regulated by the Financial Conduct Authority in the UK, registered under reference 978619. The account itself is run by Raisin Platforms Limited, which sits in the United Kingdom, so the regulated entity and the brand you open are the same one.

Can I get my money out when I need it?+

Yes. The account is easy access, and the access terms set out top ups and withdrawals at your convenience, with no fixed term and the account left open for as long as you want. There is no lock-in period to wait out before reaching the balance.

How do I get help with the account?+

Support runs on email, phone and help centre. Phone is the most common route among the savings listings compared here, appearing on 80.2% of them, so a call is a realistic option when an account question needs a quick answer.

Sources

  • register.fca.org.uk/s checked September 26, 2026

    Backs: Deposit protection, Licences

  • raisin.com/en-gb/about-us checked September 26, 2026

    Backs: Monthly fee

    “Free to use: Raisin UK is free to use because we earn an intermediary fee from our partner banks for every savings account opened through our marketplace.”

  • raisin.com/en-gb/contact checked September 26, 2026

    Backs: Support channels

    “By email: help@raisin.com; By phone: 0161 388 2399, Monday to Friday 8:30 am to 4:30 pm; Not found what you're looking for? Search our Frequently Asked Questions.”

  • raisin.com/en-gb/savings-accounts/easy-access-savings-acc... checked September 26, 2026

    Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Rate type

    “Top up and withdraw money at your convenience; keep your account open for as long as you want”

  • raisin.com/en-gb/terms-and-conditions checked September 26, 2026

    Backs: Headquarters, Legal entity

    “Registered office: Cobden House, 12-16 Mosley Street, Manchester, M2 3AQ, United Kingdom.”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term.

Raisin UK

Raisin UK

A strong variable rate with instant access and no term to run.

8.9/10See alternatives