£150 welcome bonus

Raisin UK is a savings marketplace that lets you compare and open savings accounts from lots of different banks in one place. Instead of opening a new account and creating another login every time you find a better savings rate, you can manage accounts from over 40 banks and building societies through your Raisin account.

There are fixed rate bonds, easy access accounts and notice accounts to choose from, with different interest rates and terms depending on how long you're happy to leave your money untouched. This can be particularly useful if you've got a larger amount of savings and want to spread it between different banks while looking for competitive rates.

Raisin UK doesn't actually hold your savings itself once you've opened a savings product. Your money is placed with the bank you've chosen, with eligible deposits protected by the FSCS up to the relevant limit per person, per bank. Raisin is free to use and makes its money by receiving a fee from its partner banks.

Things to know

• £150 welcome bonus
• Deposit at least £15,000
• Choose a fixed rate bond of 2 years or longer
• Must be your first Raisin UK savings product
• Over 40 partner banks and building societies
• Free to use

How to claim the deal

Register for a new Raisin UK account using the promo code **OCT150** by **31 October 2026**.

Once you've successfully registered, open a fixed rate bond with a term of **2 years or longer** and make a **single deposit of at least £15,000 by 14 November 2026**.

The fixed rate bond must be the first savings product you open through Raisin UK to receive the **£150 welcome bonus**.

As always, terms and conditions apply.

Raisin UK pricing

Raisin UK is completely free for savers to use. There are no fees for opening or managing savings accounts through the platform. Raisin makes money by receiving a fee from its partner banks when customers open savings accounts.

Raisin UK pros and cons

Pros

• Compare lots of savings accounts in one place
• Only need one Raisin account
• Free to use
• Good range of banks and savings products
• Can manage multiple savings accounts together

Cons

• Doesn't offer savings accounts from every UK bank
• Some of the best rates may require locking your money away

Our thoughts

Raisin is a great idea, especially if you're someone who regularly moves savings around looking for a better interest rate (as now you don’t have to). Opening a completely new bank account every time you find a good rate can be a bit of a pain, whereas Raisin lets you open and manage accounts from lots of different banks with one login, and the interest rates are typically high.

It's also useful if you have a larger amount saved. You can spread your money between different banks without having to manage lots of separate accounts, while still being able to compare the rates available, and benefit from FSCS protection for each bank.

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