A friend recommended Raisin to me, but as I am unfamiliar with it, I feel a bit apprehensive. Would you consider placing a large sum of money in Raisin, provided it does not exceed the €100,000 deposit guarantee limit in each bank?
I have seen many posts mentioning Raisin Bank in AAM, including the 'savings best buys' post. I suppose that is somewhat reassuring.
Raisin is regulated by the German Federal Financial Supervisory Authority. If it was to go out of business, the deposits would still be safe in the partner banks I guess, so you'd just have to deal directly with the partner bank?
Cheers
I have seen many posts mentioning Raisin Bank in AAM, including the 'savings best buys' post. I suppose that is somewhat reassuring.
Raisin is regulated by the German Federal Financial Supervisory Authority. If it was to go out of business, the deposits would still be safe in the partner banks I guess, so you'd just have to deal directly with the partner bank?
Cheers