The good .. and the bad The good ... and the bad. First the good. Raisin makes it very easy to deposit funds in CDs and high yield savings accounts at a number of different financial institutions. There are more than enough options to choose from. However, the bad, is that they don't make it easy to track your savings because you can only view your accounts on their website or print in PDF format. This means you might have pages and pages of PDF listings on any given day (depending on how many accounts you have) and you cannot put the information into a spreadsheet so you can consolidate ALL you accounts at other institutions - without manually entering all the information manually every time you want to update your spreadsheet. They also make it hard to keep track of how much money you have under the same title at each institution so you can track your balances for FDIC coverage. It is possible to lose track of accounts without being able to view them all at the same time on one page/screen. But the way they display them on the website makes it impossible unless you only have 2 or 3 accounts. I do wish I could transfer funds from one Raisin holding to another without having to withdraw to my linked checking account and then move funds back into another Raisin account. This process costs time and time is money.

My focus was to diversify my options… My focus was to diversify my options for having cash in a safe & convenient area other than most banks only offering a minimum interest rate. Started out with Western Alliance on-line banking. Raisin has integrated a # of institutions to offer clients more options based on their needs. Easy transfer of funds between my bank & Money Market Hi Yield account. Easy to use web site, etc. Very satisfied.

Easy to do business with! I was very leery about putting/investing money into an online banking institution... mainly because of a bad experience in the past where that online bank gladly took a large chunk of $$$, but only was willing to give back a max of $25000, and it had to be seven days before another portion could be removed. With Raisen, I can move money around freely with no hassles!!! Also, Raisen is very competitive with their interest rate (even against CD's). I would highly recommend Raisen!

For me, Raisin did exactly what it said it would do It's human nature. People are more likely to write a negative review when things go wrong, and less likely to write a positive review when everything goes right. In my experience, Raisin has done exactly what it said it would do. Raisin is a platform that connects banks with customers - and the banks offer higher interest rates than brick and mortar banks. I have made and withdrawn funds from my high interest savings account and opened several CD's, all without issues. Local banks offer checking accounts and instant access to your savings account - Raisin does not pretend to compete with that. What Raisin does, it seems to do very well.

It’s terrifying doing business with… It’s terrifying doing business with this company. I have $750k+ in various CDs and savings account in their platform. $500k of it has just vanished after two CDs matured that I marked as “do not renew.” Where’s my money? There’s literally no indication on my dashboard that those CDs ever even existed, or what has become of my money. And to top it off, it’s the weekend and this joke of a company limits support hours to weekdays only. I’m calling a lawyer on Monday.