Meteor Asset Management acts as our deposit administrator for some of our partner banks, holding your money in what is known as a “bare trust” arrangement. Their role is to transfer your money between your Raisin UK Account and a partner bank’s account. This process takes place when you fund a savings account and when your deposits are returned to you at maturity, along with any interest or profit you have accrued. While providing this service, Meteor Asset Management has no claim to your funds and administers them on your behalf.
