Raisin.ie Has Launched with Some Market Leading Rates

Hi James Raisin,
I have a factual question for you. Why doesn't the Irish Raisin portal feature most of the offers you make available to consumers in other countries throughout the EU? As you know, Raisin offers vastly more choice and much better interest rates to consumers elsewhere. This includes 2-year fixed deposits with several Scandinavian banks offering around 1% annual return. Is there a legal reason for these offers being withheld from the Irish market? Or is it just a reflection of the fact that the Irish market is so uncompetitive that our choice is being restricted to products you might find it difficult to sell in your other markets? I look forward to your reply. Thanks!

Hi tomdublin,

At Raisin.ie we strive to bring the best offers possible from banks across the Eurozone. In the end, though - we do not control the offers that are available through our platform. These products and rates are set by the partner banks and are usually reflective of:
A) Their appetite for funding from a specific country
B) Their perception of local pricing dynamics

With regards to which banks are available to Irish consumers from our portfolio of partners - this is totally up to the banks themselves. We are always working to bring new banks to the platform, but it is ultimately up to these institutions whether or not they passport their services into a new market and offer products there. They may choose not to do so in some cases because their funding need is met elsewhere, or they do not currently have the bandwidth to take on another market.

We wish it was as simple as getting all 85+ Raisin partners and putting them live across all our markets with the same rates at the flick of a switch. But alas, the world of cross-border banking is not quite so simple! Nonetheless, the offers on Raisin.ie are set to grow and the product mix will continue to evolve over time. Already we have some market-leading rates across various maturities which provide a great alternative to the frighteningly low rates on offer from local institutions.

Hopefully this response has managed to clear up a few doubts. Don’t hesitate to reach out with any further questions

Hello all, just popping in to inform you we have a new bank live on the platform. BlueOrange bank is now live and offering the strongest rate on 1 year fixed term at 0.85% on 1 year and rates as high as 1.14% 3 year term deposits.
Additionally, BlueOrange bank's process is 100% online, no need to send in any paper account-opening forms.
There was also an article published in the Irish Times today that details a couple of additional banks that will be going live in the near term - take a look!

Thanks for the update James.

I will update the best buys later.

Good to see that there is a new highest 1 year rate.

Blue Orange are based in Latvia.

Hello all,

Just a heads up that Younited have launched on raisin.ie with a 3 year product. This is our first French bank live on the platform. They also have a fully online process.

All the best,

Raisin IE Team

Thanks for the update. This new offering is added to the best buy thread.