Raisin - Get £100 cash when saving (£10k required)

Raisin UK is operated by Raisin Platforms Limited — a subsidiary of Raisin SE (headquartered in Berlin, Germany).

The main Raisin group was founded in 2012 and runs savings‑marketplace services across multiple European countries (and beyond).

Raisin UK acts as a marketplace for savings accounts — instead of being a bank itself, it connects savers with a range of partner banks and building societies offering savings products.

To use it you first open a free Raisin UK account. You register with personal details (name, address, date of birth, National Insurance number, etc.).

You then fund your account from a nominated bank account. Raisin uses a “Transaction Account” held with ClearBank to receive your funds before placing them into the chosen savings product with a partner bank.

Through the platform you can choose between different types of savings offerings — e.g. easy‑access savings, fixed‑rate bonds, notice accounts.

Raisin earns money not from you (i.e. no fees for savers) but from the partner banks — they pay Raisin an intermediary fee for each savings account opened via their marketplace.

Raisin UK is authorised and regulated by the UK regulator: as stated on their site, they work only with banks that are covered by the Financial Services Compensation Scheme (FSCS) — at least for UK‑based banks on the platform.

Money you deposit via a UK‑based savings product on Raisin is protected under FSCS (up to the standard limit per bank), because the partner banks hold the funds, not Raisin itself.

That said — Raisin is not a traditional bank. It’s an intermediary/marketplace. The savings accounts are held with partner banks. So your deposit protection depends on the underlying bank, not Raisin per se.

As of now, Raisin UK does not offer a built‑in ISA product. Their publicly available information says that while ISAs are explained on their site (as background on what an ISA is), they currently do not provide ISA accounts through the platform.

Instead, Raisin UK offers standard savings accounts (easy access, fixed‑rate, notice, etc.) from the partner banks — you would need to manage tax treatment or eligibility for ISAs separately (if you have other providers).

Yes, Raisin has a refer a friend offer.

Right now, you can get a £100 bonus when you fund a fixed-rate bond with a term of 1 year or longer and deposit £10,000 or more.

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