How to BEAT financial savings greatest buys with financial savings platform Raisin

  • Raisin UK is providing a £50 join bonus* on prime of its 5.02% fee for one-year repair
  • This brings the speed as much as 5.49% for one yr on £10k, beating the highest deal
  • Offer additionally makes easy-access charges and different fixes as greatest buys too 

Products featured on this article are independently chosen by This is Money’s specialist journalists. If you open an account utilizing hyperlinks which have an asterisk, This is Money will earn an affiliate fee. We don’t permit this to have an effect on our editorial independence.

Savers can beat the highest easy-access deal in addition to brief and longer-term fixed-rate presents by opening an account with financial savings platform Raisin.

This is Money has an unique partnership with Raisin to supply new clients a join bonus – a bumper £50 bonus when signing up for an account* with a minimal steadiness of £10,000.

Currently, the highest easy-access fee it has on the platform is with Hoist Finance, which presents 4.7 per cent.

However, on a £10,000 steadiness, that bump brings it as much as a greatest purchase 5.22 per cent. The greatest easy-access account on This is Money’s impartial financial savings tables pays 5.16 per cent.

Boost your financial savings: Savings platform Raisin is providing a £50 join bonus for brand new clients who open an account and deposit £10,000 

Likewise, the £50 bonus additionally brings Raisin’s one-year, two-year, three-year and five-year fixed-rate accounts* to greatest purchase ranges.

Savers can get a one-year deal on Raisin from QIB Bank paying 5.02 per cent which is boosted by the £50 bonus to five.49 per cent. 

The two and three-year offers, each from UBL Bank, are boosted to five.06 per cent and 5.1 per cent respectively.

Savers may also get a 5 yr deal which pays 5 per cent with the £50 bonus from UBL Bank.

An account should be funded with a minimal of £10,000 and the bonus will paid out 14 days afterwards.

Raisin says financial savings on its platforms are protected by the Financial Services Compensation Scheme (FSCS), as much as a most of £85,000.

As a financial savings platform, Raisin UK presents entry to a number of financial savings merchandise and banks. It permits savers to handle all their financial savings by way of a single on-line app-based account.

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As for whether or not financial savings platforms are a protected place to park your financial savings, Andrew Hagger says: ‘All Raisin’s UK-based companions are a part of the FSCS.

‘This means, if the supplier fails, your cash is protected as much as the worth of £85,000, the identical as investing direct.

James Blower, founding father of Savings Guru says: ‘Savings platforms are good for each savers who wish to unfold their cash round a number of suppliers, maximising FSCS safety, however with out having to open a brand new account at every financial institution each time.

‘They can open a single account with Raisin, or the opposite platforms, and entry a wealth of suppliers – a few of whom provide offers higher than these obtainable direct and a few with suppliers who aren’t accessible to extraordinary savers.’

Savers want to enroll by 11 March and fund an account with £10,000 by 31 March.

To get the bonus, savers should observe this Raisin UK hyperlink*, the place the bonus code should be entered on the time of registration. The bonus will likely be paid out as soon as the provide eligibility is met.

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