Access High-Interest CDs and Savings with Raisin

 Hey there, fellow savers! I've got some exciting news for you. I recently discovered a financial marketplace called Raisin (formerly SaveBetter) that offers access to high-interest certificates of deposit (CDs) and savings accounts from multiple banks and credit unions. 🏦💰


No need to open a new account at each bank or credit union. With Raisin, you can explore and take advantage of the best rates without the hassle. Plus, every participating institution is either FDIC-insured or NCUA-insured, so your money is safe and sound. 

Let's dive into the juicy details! Here are the top Raisin offers for November 2023:

High-Yield CDs

No-Penalty CDs

  • 5.40% APY for a 16-month No Penalty CD with no early withdrawal penalty. You can make withdrawals after just 7 calendar days. 
  • 🔗 View all available rates

Liquid Savings

  • 5.28% APY Savings Account with a minimum opening deposit of $1. No limit on the number of transactions. 💸
  • 🔗 View all available rates

 Raisin is a marketplace that partners with banks and credit unions to promote their deposit products. Your funds will be held in a custodial account at the chosen institution, ensuring FDIC or NCUA insurance coverage. Best of all, Raisin has no monthly maintenance fees! 

 Now, you might be wondering how this all works. When you deposit money through Raisin, it moves from your external bank account to an omnibus custodial account held by Lewis and Clark Bank, acting as a custodian bank. This setup allows you to enjoy the same deposit insurance coverage as if the funds were held in an individual account in your name. 

⚠️ There's one catch, though. You can only link one external bank account at a time, so choose wisely. But don't worry, it's still a small trade-off for the convenience and higher interest rates you'll enjoy. 

 Please note that the editorial content here is not provided by any of the companies mentioned, and the opinions expressed are solely mine. Make sure to read the terms and conditions before making any financial decisions.

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