Raisin UK review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Raisin UK suits UK savers who want quick access to cash, a variable rate and no monthly charge. The easy access account pays 4.15%, costs £0 a month and carries FSCS up to GBP 85,000, so a reserve pot can sit there for as long as you need it.
Key facts
- Best for
- An easy access UK savings pot with no monthly charge and deposit protection.
- 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
- Get the app
- App StoreGoogle Play
- Elsewhere
- TrustpilotLinkedInyoutube.com
Pros and cons
Pros
- Monthly fee of £0, and the account runs on a no monthly fee model
- Deposit protection of FSCS up to GBP 85,000 under the Financial Conduct Authority
- An easy access account that stays open indefinitely, paying a variable rate of 4.15%
- Support by email, phone and help centre
Cons
- A variable rate of 4.15% can move, so the return depends on where rates go next
- A minimum deposit of £100 sits above the €0.17 typical of savings accounts
Who it suits
- Savers keeping an emergency fund they can reach at short notice on a easy access account
- Anyone who wants a variable rate alongside a monthly fee of £0
- People comfortable managing savings with support by email, phone and help centre
Who should look elsewhere
- Anyone starting with less than the £100 minimum deposit
- Readers who want a term product, since the account here is easy access with no fixed term
- Savings shoppers who need a rate set for a known period, as the rate here is variable
Fees and currency costs
The easy access account has a monthly fee of £0 and runs on a no monthly fee model, so nothing is taken out of the balance each month to keep it open. The only amount to set aside before you start is the minimum deposit of £100. Holding the account for as long as you like adds nothing to that.
How Raisin UK compares
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8.9 vs 9.0
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 does it cost to hold the account each month?+
The monthly fee is £0 and the account runs on a no monthly fee model, so holding it costs nothing each month. The only other amount to have ready is the minimum deposit of £100 to start.
What rate do I get, and can it change?+
The headline rate is 4.15% and the rate type is variable, so the figure moves as market rates change rather than holding for a set period. Easy access accounts are the most common kind in the savings accounts category, at 75.6% of the brands listed.
How much do I need to put in to open it?+
The minimum deposit is £100, above the €0.17 seen across savings accounts. It means a lump sum has to be in place before the account opens, rather than starting from a small monthly amount.
Can I take money out whenever I need it?+
Yes. The account kind is easy access, so money can move out whenever you need it and the account stays open indefinitely. That suits an emergency fund more than savings you plan to leave untouched.
Is the money protected, and who regulates it?+
Deposits carry FSCS up to GBP 85,000, which sets the ceiling on how much is covered. The account is run by Raisin Platforms Limited in the UK, and the firm is registered with the Financial Conduct Authority, so the savings sit with a regulated provider.
Who runs Raisin UK and how do I get help?+
Raisin UK is operated by Raisin Platforms Limited, registered in the UK with the Financial Conduct Authority. If something needs sorting, support runs on email, phone and help centre, so you can reach the team by email or phone, or work through the help centre in your own time.
What type of savings account is this?+
It is a easy access account, the most common kind in the savings accounts category at 75.6% of brands against 18.2% for fixed rate products. The variable rate suits money you want reachable.
Who does this account suit?+
It suits savers who want a reserve they can reach quickly, a variable rate of 4.15% and a monthly fee of £0, with the £100 minimum deposit in place.
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.
Related by the facts
Raisin UK
An easy access UK savings pot with no monthly charge and deposit protection.