To open savings accounts with our partner banks, you first need to open a Raisin Account. This account gives you access to a wide range of savings products across Europe, all managed from one single Raisin Account.
Once your Raisin Account is open, here’s how to apply for a deposit account:
1. Open your Raisin Account
Before applying for any savings product, you’ll need to register and complete the identification process to open your Raisin Account.
Learn how to open a Raisin Account here.
2. Link your nominated bank account
When applying for your first savings account, you’ll be asked to enter the IBAN of your external bank account (your Nominated account).
- This must be an account in your name at a bank in Ireland or another EU country.
- It must be a current account (e.g. where you receive your salary or pay bills).
- These accounts will be the only ones you can use to transfer money in and out of your Raisin Account. You won’t be able to proceed until this step is complete.
- You can Nominate up to 5 accounts in which to make transfer from and withdrawals to.
3. Choose your savings account
In the “Savings accounts” section of your Raisin Account, you can:
- Browse deposit products from partner banks across Europe
- Compare interest rates, maturities, and country of origin
- Select a product and complete the application online
4. Transfer the funds you want to save
Once your application is submitted:
- Transfer the amount you wish to invest into your Raisin Account
- You’ll find your Raisin Account IBAN in your Raisn Account, in the menu below your initials in the top right corner.
- The partner bank will review your application and, once approved, your funds will be transferred to your chosen deposit account
You’ll receive an email to confirm once your deposit account is open.