The Raisin UK Account is the account you log in to. By logging into your Raisin UK Account, you can see every savings account that you hold through our marketplace.
Within your Raisin UK Account you hold a Transaction Account. You will transfer money from your Nominated Account into your Transaction Account in order to open savings accounts, thus streamlining the account application and funding process and saving you the hassle of sending your money to multiple banks.
The Transaction Account is where we’ll transfer any bonuses that you’re eligible for, and from which you will transfer money back to your Nominated Account. ClearBank provides your Transactional Account, and any money deposited into this account is protected by the Financial Services Compensation Scheme (FSCS), up to £85,000 per person. You automatically apply for a Transaction Account when you register with us.