Raisin provides a savings and investment marketplace. It allows users to compare savings products from banks and credit unions. The company also offers various tools to help users find savings products as per their needs. It was formerly known as SaveBetter. The company was founded in 2012 and is based in Berlin, Germany.
Raisin's Products & Differentiators
Raisin, WeltSparen, Savedo, Zinspilot, and SaveBetter are Raisin DS's platforms for end customers, accessible by simple identification and registration process, featuring wide range of deposit products from Raisin partner banks (different products, from different banks, are available in each market).
Research containing Raisin
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Raisin in 2 CB Insights research briefs, most recently on Jan 25, 2021.
Expert Collections containing Raisin
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Raisin is included in 3 Expert Collections, including Wealth Tech.
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Excludes US-based companies
Raisin has filed 5 patents.
Financial markets, Banking, Character encoding, Derivatives (finance), Payment systems
Financial markets, Banking, Character encoding, Derivatives (finance), Payment systems
Latest Raisin News
Sep 7, 2023
Twitter icon Twitter Copy Link Redeem now Our experts answer readers' banking questions and write unbiased product reviews ( here's how we assess banking products ). In some cases, we receive a commission from our partners ; however, our opinions are our own. Terms apply to offers listed on this page. Compare Western Alliance CD rates Western Alliance Bank 3 Month CD Western Alliance Bank 6 Month CD Western Alliance Bank 9 Month CD Western Alliance Bank 1 Year CD Chevron icon Chevron icon Annual Percentage Yield (APY) 5.21% $1 5.41% $1 5.51% $1 5.51% $1 On Raisin's site. It does offer some great personal accounts through digital marketplace Raisin , though — in fact, it pays some of the best CD rates out there. Western Alliance CD Details Western Alliance offers four CD terms right now: 3-month, 6-month, 9-month, and 12-month. Here are the CD rates: CD Term 5.51% Western Alliance CDs are only available through Raisin, an online marketplace that connects you with high-interest accounts from partner banks. Typically, partner banks offer certain accounts exclusively through Raisin rather than directly through their websites or branches. You only need $1 to open a Western Alliance CD. Interest compounds daily and is deposited into your account on the last calendar day of each month. If you take out money before your term ends, you'll pay an early withdrawal penalty of 90 days of simple interest. Although this is a high penalty for a 3-month term, it's fairly standard for the other term lengths. About Western Alliance Bank Western Alliance Bank is a Member FDIC bank based in Arizona, and it offers business bank accounts. It has brands throughout the US, including Torrey Pines Bank, Bridge Bank, and AmeriHome Mortgages . Western Alliance's brands focus on business banking, banking for homeowner association management, or mortgages. The only personal accounts it offers are through Raisin, including the Western Alliance savings account and its four CD terms. Western Alliance CD Rate Comparison Western Alliance pays higher CD rates than most other banks. But you may prefer a different bank if you're interested in more term lengths or types of CDs. Here's how Western Alliance Bank compares to popular national accounts: Western Alliance Bank CDs vs. Sallie Mae CDs Sallie Mae CD rates range from 4.00% to 5.15% APY. Its rates are lower than Western Alliance's rates, and it doesn't offer a 3-month term at all. Sallie Mae CDs also require a $2,500 minimum deposit, while you'll only need $1 with Western Alliance. However, Sallie Mae is a good option if you're looking for more CD term options. It has numerous term lengths going up to five years. Its rates are good overall, even if they're not as high as Western Alliance's rates. It's worth noting that Sallie Mae also has some CD terms exclusively through Raisin. It has a 10-month CD paying 5.30% APY, 14-month CD paying 5.40% APY, and 14-month no-penalty CD paying 4.75% APY. And because it's through Raisin, you'll only need a $1 minimum deposit. So if you're open to banking through Raisin, you could open different terms with both banks and earn some of the best rates available. Western Alliance Bank CDs vs. Capital One 360 CDs Capital One 360 pays 3.90% to 5.25% APY on CDs. Capital One CD rates are lower than Western Alliance's rates, and it doesn't offer a 3-month term. But Capital One 360 has more terms to choose from than Western Alliance, with a $0 minimum deposit. It's also a good choice if you want to do all of your banking with the same company — Raisin doesn't offer checking accounts, but Capital One has one of the best checking accounts right now. Western Alliance Bank CDs vs. Synchrony CDs Synchrony Bank CD rates are lower than Western Alliance rates overall, but it has many more types of CDs. Its regular CDs have a variety of term lengths and pay 2.25% to 5.25% APY. Synchrony has other types of CDs, too. The Synchrony No-Penalty CD has an 11-month term and pays 4.40% APY, making it one of the best no-penalty CDs . The Synchrony Bump-Up CD has a 2-year term paying 4.00% APY. With a bump-up CD, you can request a higher rate once during the term if Synchrony increases its rate on the CD. Western Alliance's Partnership with Raisin Western Alliance Bank has partnered with Raisin to offer high-interest CDs and one of the best high-yield savings accounts out there. You can't open any of these personal accounts directly through Western Alliance, since it's a business bank. Raisin is an online marketplace that started in Europe, and it recently expanded to the US. Accounts opened through Raisin have FDIC insurance. This means that even if you open a Western Alliance account through Raisin and the bank shut down, your insured funds would be safe. Western Alliance Bank CD Frequently Asked Questions Does Western Alliance Bank offer CDs? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Yes, Western Alliance Bank offers 3-month, 6-month, 9-month, and 12-month personal CDs through Raisin, a digital marketplace for high-yield bank accounts. You can also open business CDs directly with Western Alliance. What are Western Alliance Bank CD rates? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Western Alliance Bank pays 5.21% APY on its 3-month CD, 5.41% APY on the 6-month CD, 5.51% APY on the 9-month CD, and 5.51% APY on its 1-year CD. Is my money safe in Western Alliance Bank? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Yes, money is safe with Western Alliance. It is a Member FDIC bank, so up to $250,000 is insured per account holder, per ownership category
Raisin Frequently Asked Questions (FAQ)
When was Raisin founded?
Raisin was founded in 2012.
Where is Raisin's headquarters?
Raisin's headquarters is located at Schlesische Strasse, Berlin.
What is Raisin's latest funding round?
Raisin's latest funding round is Series E.
How much did Raisin raise?
Raisin raised a total of $272.36M.
Who are the investors of Raisin?
Investors of Raisin include Goldman Sachs, M&G Investments, Raisin DS, GS Growth, Orange Digital Ventures and 18 more.
Who are Raisin's competitors?
Competitors of Raisin include FutureAdvisor, Human Interest, Blooom, ForUsAll, Betterment and 8 more.
What products does Raisin offer?
Raisin's products include Savings marketplace and 3 more.
Compare Raisin to Competitors
Betterment operates a financial advisory company. The platform offers digital investment solutions such as cryptocurrency investing, automated investing, financial planning, retirement planning, cash management services, and more. The company was founded in 2008 and is based in New York, New York.
SigFig operates as a financial technology company. It offers wealth management, retail banking, retirement planning, tax planning services, and more. The company was founded in 2006 and is based in San Francisco, California.
ForUsAll offers a platform enabling employers to provide a modern 401(k) plan to employees with access to cryptocurrency, financial wellness benefits, and low fees. The platform provides features such as direct investment into a range of cryptocurrency tokens, automated plan administration, auto-reconciling payroll integration, tracking and enrolling of eligible employees, and actionable financial insights. The company was founded in 2012 and is based in San Francisco, California.
Wacai operates as a fin-tech company. It develops an online personal financial management platform that provides users with wealth management services and credit solutions. The company was founded in 2009 and is based in Hangzhou, China.
Wealthsimple is a technology-driven investment manager that combines a robo-advisor platform with access to live advisors. The company was founded in 2014 and is based in Toronto, Ontario.
Human Interest offers retirement benefits to small and medium businesses enabling safer financial futures for their employees. Its built-in investment education and automatic portfolio rebalancing help employees save in simple steps. It also offers personalized investment advice. The company was formerly known as Captain401. It was founded in 2015 and is based in San Francisco, California.