What is Raisin and how does it work?
Raisin is a German platform founded in 2013 that operates as a deposit marketplace. Instead of going bank by bank looking for the best fixed-term deposit, Raisin aggregates offers from dozens of European banks in a single account. You register once, verify your identity, and gain access to deposits from banks in Germany, Austria, Bulgaria, the Czech Republic, France and more — all from your account in Spain.
The model is simple: partner banks pay Raisin a commission for each deposit captured. The customer pays nothing — the platform is free for savers.
Products available in Spain in 2026
As of March 2026, Raisin offers the following products in Spain:
- Welcome Account (3.33% AER): a flexible savings account with immediate yield and no lock-in period. View product →
- 3-month Deposit (2.25% AER): ideal for those who don't want to lock up money for long. View product →
- 6-month Deposit (2.45% AER)
- 12-month Deposit (2.46% AER): the most popular option. View product →
- 2-year Deposit (2.56% AER): for those locking in rates for the medium term. View product →
What guarantees protect my money?
All partner banks must be protected by an EU Deposit Guarantee Scheme (DGS), covering up to €100,000 per depositor per bank. If the partner bank fails, you recover up to €100,000. Raisin itself is not a bank — your money sits at the partner bank, not at Raisin.
Key advantage: by spreading deposits across multiple banks via Raisin, each deposit has its own independent €100,000 coverage limit.
Raisin vs alternatives in 2026
Is Raisin worth it compared to other options?
- vs ING / N26 / Revolut: Raisin's fixed-term deposits typically offer higher AER than flexible savings accounts. If you can lock up the money, Raisin wins.
- vs Government bonds: Spanish bonds offer similar yields with sovereign risk instead of bank risk, and are more liquid (tradeable on secondary markets). View government bond yields →
- vs Freedom24: Freedom24 offers a 3.75% EUR cash account with no lock-in, but without DGS coverage. Higher yield, higher risk.
Conclusion: is Raisin worth it in 2026?
Yes, especially if you have more than €50,000 to spread across guaranteed deposits. The platform is solid, regulated in Germany, and has distributed over €60 billion in deposits. For smaller amounts, the Welcome Account at 3.33% AER is a flexible, no-risk option.
The main limitation is that fixed-term deposits cannot be cancelled early, so only lock up money you won't need during the term.