...experience with raisin.com?

No experience, but a question.

Raisin claims no fees, so how do they make their money? The banks pay the fees instead of the saver, but does that mean Raisin isn't taking a taste of the interest on the way by, also? Probably not, but it wouldn't take a big taste for them to make more money.

Seems to me that the best use of the site is to scan the deals on offer and then go deal directly with the bank(s) with the best offers. My experience with opening bank checking or savings accounts is that the process isn't much more inconvenient than dealing through Raisin and (often?) updating selections through them. The initial setup through Raisin might be more convenient than some (small) number of individual setups, but after that, it seems unlikely that all of the savings accounts would need...adjustment...simultaneously.

Eric Hines

Retirement Investing FAQ

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