The safe, secure way to get more out of your tax refund
If you’re eligible for a tax refund this year, congratulations!
Tax season is coming to a close and, if you haven’t already, now is the time you should find out how much you’re getting back. As with any sudden windfall — no matter how small or large — there comes the question of how to put it to use.
A quick spring getaway or wardrobe refresh may be pretty tempting, but saving your refund for another day could be your best option this year.
As deposit interest rates reach their highest in decades, using your tax refund for a sudden splurge means missing out on potentially valuable interest earnings. After all, you’ve earned that tax return and you deserve to get more out of it.
Banks and credit unions partner with Raisin to offer exclusive digital-only products to our customers — with interest rates typically many times the national average.
Plus, all of Raisin’s partner banks and credit unions are federally insured up to the institutional limits — typically $250,000 per depositor, per insured institution, per ownership category. As long as your deposits stay within these limits for each of our partner institutions, you can rest assured that your money is safe.
Want to put your money away for a short period of time before you decide how to spend it?
Consider a high-yield savings account or money market deposit account, both of which offer competitive interest rates with high liquidity. On Raisin, these accounts come with no fees, a $1 minimum deposit, and no transaction limits.
It's easy to open multiple savings accounts through the Raisin platform, allowing you to divide funds for different uses or even maximize your federal deposit insurance coverage. Once you've signed up for Raisin (it only takes a few minutes), adding new savings accounts is easy and can be done in just a couple of clicks.
Want to lock in a great interest rate for a longer period of time?
A high-yield CD or no-penalty CD might be the right option. You can secure your funds for a set term and calculate exactly how much interest you’ll earn—also with a $1 minimum deposit and no sign-up or maintenance fees.
With a single Raisin login, you can open CDs across our entire network of partner banks and credit unions, offering you the ability to build a CD ladder designed for your specific goals.
Putting your tax refund into a high-yield savings product offered through Raisin means you can secure a competitive interest rate that will let your money keep growing safely. Even just a few months of interest can add up, which means even more money to play with when it comes time for that eventual splurge.
To get started, click below to explore all of the federally insured products currently available on Raisin. Select the one that best fits your needs, then either sign up for an account or log in to complete the process and put your tax refund to work.
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APY means Annual Percentage Yield. APY is accurate as of {todayDate}. Interest rate may change after initial deposit. Minimum opening deposit is $1.00.
Customer funds are held in various custodial deposit accounts. Each customer authorizes the Custodial Bank to hold the customer’s funds in such accounts, in a custodial capacity, in order to effectuate the customer’s deposits to and withdrawals from the various bank and credit union products that the customer requests through Raisin.com. The Custodial Bank does not establish the terms of the bank or credit union products and provides no advice to customers about bank or credit union products offered through Raisin.com. Central Bank of Kansas City (CBKC), Member FDIC, d.b.a. Central Payments is the Service Bank. CBKC, Lewis & Clark Bank and Starion Bank, each Member FDIC, are the Custodial Banks.