Take your savings to
new heights
Get a bonus of up to €100* when you register with code
'RAISINBANK100'. Terms apply, please see below.
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Access competitive interest rates from across Europe
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Manage your savings entirely online
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No fees, no paperwork, no hassle
Compare zero-fee savings accounts
How much do I need to deposit to qualify for a Bonus?
If your opening balance is…
€5,000 to €19,999
€20,000 to €49,999
€50,000 to €84,999
€85,000 +
*Please note: You must open an account with a minimum balance of €5,000 to qualify for this bonus. So make sure your first account has an opening balance of at least €5,000!
Your bonus will be…
€25
€50
€75
€100
How to qualify for the bonus
- To qualify for the bonus of up to €100*, you must sign up for a Raisin Account by September 30, 2024 using the promotional code RAISINBANK100 (enter the code in the “promotional code” box when completing your registration).
- After registering, you must open a savings account with Raisin Bank and fund this account with a minimum deposit of €5,000. A term deposit must have a minimum term of at least 6 months, or in the case of a demand deposit must be funded for at least 6 months. The savings account must be fully funded by October 15, 2024, to be eligible for the bonus.
- The bonus will generally be paid out to your Raisin Account within 14 days after meeting the criteria, i.e.:
– If you choose to open a term deposit account, within 14 days of opening the account
– If you choose to open a term deposit account, within 14 days after the first 6 months have passed, - This offer is open to new customers who sign by clicking ‘Register now’ through this page and use the specified promo code during registration. The offer is subject to change and may be withdrawn at any time without prior notice.
By participating in this promotion, you agree to be bound by these terms and conditions, as well as Raisin’s general terms of service. The bonus is only valid for private customers and cannot be combined with other referral and/or bonus campaigns.
Frequently asked questions about Raisin Bank
Raisin Bank allows you to order deposit accounts with banks located all over Europe, completely online, free of charge, and without the hassle of opening current accounts with multiple banks.
We make it easy for you. Compare the more than 64 deposit accounts on offer, with terms ranging from 3 months to 5 years, and choose the products that best suit your needs. We will make sure you receive all the required information, documentation and attention in English.
At Raisin Bank, we offer products exclusively from banks in the European Union. As a result, your savings are protected by the Deposit Guarantee Scheme of the country in which you are ordering the product, up to a maximum of €100,000 per depositor and bank.
It’s very easy, here’s how:
- Open your Raisin Account. Register online from your device and access your online banking to verify your identity and address. Once verified, we will open your Raisin Account at Raisin Bank, free of charge. Your Raisin Account will allow you to order and manage all the products you want.
- Choose a product. Choose the products that best suit your plans, set the amount you wish to invest and submit your application, all completely online.
- Transfer funds. Transfer the funds you want to invest to your Raisin Account and we will take care of the rest.
At Raisin Bank, we work with banks located exclusively in the European Union, which means that they are members of their respective national Deposit Guarantee Schemes. As a result, your savings are protected by the Deposit Guarantee Scheme of the country in which you are contracting the product, up to a maximum amount of €100,000 per depositor and bank.
Following European regulations, the Deposit Guarantee Schemes have been harmonised in order to offer the same standards within the EU in the event of a bank’s insolvency.
The main advantage is that you can access deposit accounts with a wider range of returns without having to change banks or open multiple current accounts, and thus benefit from more competitive rates offered by European banks. This is a common practice for savers from other European countries, who are used to investing outside their own country to get more out of their savings.
Not all EU countries and not all banks are in the same situation, so there are several reasons why a bank may offer higher rates. For example, the bank may be in a period of expansion and need to raise liquidity to finance this growth, or it may have an interest in diversifying the sources of its liquidity. On the other hand, competition is not equal in all countries – as a general rule, the more banks in a country, the higher the interest rates they have to pay to be competitive.
As a resident of Ireland, you will have to declare the interest earned on the deposit accounts you order through Raisin Bank when filing your income tax return.
Depending on the product’s country of origin, it is possible this country will apply a withholding tax to the interest generated. However, in most European countries, you will be able to claim back this withholding tax by sending us a certificate of tax residence in Ireland. For countries where the withholding tax cannot be claimed back, you will be able to compensate for the amount when filing your annual tax return in Ireland. You will therefore never be taxed twice on the interest earned through Raisin Bank’s products.
To find out more about how the products you take out with Raisin Bank are taxed, consult our tax guide.
No, the services offered by Raisin Bank are free of charge. This includes opening and maintaining your Raisin Account, managing your international bank transfers (in euros), confirming your balance, sending statements, as well as our Customer Service in English. The opening and maintenance of term deposits with our partner banks are also free of charge.
Raisin Bank receives a commission from its partner banks for the savings intermediated. This income enables Raisin Bank to offer you their services completely free of charge.
Do you have any questions?
Please don’t hesitate to contact us by email:
service@raisin.ie
Or give us a call from 11:00-15:00, Monday to Friday:
+353 1 5461020