Whenever someone opens a savings account through our marketplace, our partner banks pay us a fee. This is how we make money, and it’s how we’re able to keep our savings service free to use. We don’t earn money in the time it takes for deposits to transfer to partner banks, and we don’t earn money from money deposited into any Raisin UK Account. We only make money when our customers are also earning money from their savings.
We earn money by introducing savings depositors to our partner banks, but unlike comparison websites, the amount that we receive depends on how much you deposit and the duration of your savings account, rather than the volume of savers that we introduce. Because of this, it’s important to us that you can conveniently apply for the savings accounts that are right for you, not just that you apply.