The Money Sitting Still in Your Account Deserves a Better Job

Savings parked at a low rate? One free Raisin account opens 30+ European partner banks, fixed terms and demand deposits, protected to €100,000 per person, per bank.

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The balance that never moves

There’s a figure in your banking app that barely changes. The house deposit, the emergency fund, the money you promised yourself you wouldn’t touch. It sits there month after month, safe but idle, attached to a rate you’ve probably never checked.

The saving isn’t the problem. The place you’re saving is. Rates vary from bank to bank across Europe, and the way to benefit from that is to be able to see and compare them side by side.

That’s what Raisin is for. It’s a savings marketplace: you open one free Raisin Account, confirm your identity once, and from then on you can deposit with any of the 30+ trusted partner banks on the Irish platform. No paperwork, no hidden fees, no separate logins. Offers are listed by interest rate from highest to lowest, and Raisin does not accept fees or payments to boost the position of any account in that list.

One registration, then the whole marketplace

The usual obstacle to chasing a better rate is the admin: new applications, new ID checks, new passwords, another account to keep track of. Raisin removes that repetition. Register once, fund your account, and you can move money into offers from partner banks across Europe, all managed from a single secure dashboard.

The Raisin app puts the same view in your pocket, so you can track your savings, see every account in one place and hear about the latest offers while you’re at home, commuting or travelling. It’s available on the App Store and Google Play.

More than 1 million active customers worldwide save through the platform, holding €80 billion in deposits, and it rates 4.4 out of 5 based on 13,359 reviews. It was named Best Savings Provider 2025 and 2026 at the bonkers.ie Awards and features in the CCPC Money Tools.

Match the account to the money

Not all of your savings behave the same way, so Raisin gives you two kinds of home for them.

For money you won’t need to touch, Fixed Term Deposits give a fixed interest rate for a timeframe you choose, from as little as 1 month up to 10 years, with rates up to 3.65% AER. You know at the outset what the term is and what the rate will be for its duration.

For money you might need, Demand Deposit Accounts carry a variable rate and let you top up or withdraw whenever you like, starting from just €1. They’re designed for regular saving, so one portion of your money can stay fixed while another stays flexible.

New customers can also start with the Raisin Starter Account, which pays 3.10% AER for 3 months. As a representative example, a deposit of €30,000 for 3 months at 3.10% AER returns gross interest of approximately €230.

Where the safety and the tax sit

Saving with a bank in another European country sounds like a leap until you look at the protection. Deposits are legally protected up to €100,000 per person, per bank, by the national deposit guarantee scheme of the country where the bank is headquartered, and that figure includes accrued but not yet paid interest. The protection applies to all account holders regardless of where they live, so Irish savers are covered the same way whether the failed bank is in Ireland or elsewhere in the EU. Since 1 January 2024, the maximum time for reimbursement is 7 business days, and since the EU scheme began in 1994 depositors have not suffered losses within the €100,000 limit.

Raisin Bank AG is a fully licensed German bank, supervised by BaFin and the European Central Bank, and regulated by the Central Bank of Ireland for conduct of business rules.

On tax: European partner banks pay interest gross, because DIRT isn’t deducted at source. You declare it on Revenue myAccount, which takes minutes, and Raisin provides your earnings in a single tax statement at the start of each year.

Start the clock this week, not next quarter

Every week the money stays where it is, it earns whatever your everyday account pays. Interest only starts counting once the funds are somewhere that pays more, and that’s a decision you can make this evening rather than filing away for later.

Setting up a Raisin Account takes minutes. There are no fees and no subscriptions, so the account itself costs you nothing to hold, and once your identity is confirmed you have the full marketplace in front of you. Compare the offers, choose a fixed term that matches when you’ll need the money, or keep it flexible with a demand deposit from €1. If you’d rather talk it through first, you can email contact@raisin.com, message through your Raisin Account, or call +353 1 546 1020 between 11:00 and 15:00, Monday to Friday. There’s also a short video series with Money Coach Kel Galavan explaining registration, verification and how your savings are protected.

Your savings have waited long enough for a better rate. Register tonight and put them to work.