How Raisin Makes You Rich While Supporting Credit Unions and Small Banks

Oct 23, 2023
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When it comes to managing our finances, many of us have grown accustomed to the familiar names of big banks like Chase, Bank of America, TD Ameritrade, or Wells Fargo. It almost feels impossible to imagine a world without them, right? With their extensive networks, these financial institutions offer a wide range of financial services that many of us know and love, like great credit cards and easy online portals. But when it comes to making money on your cash, they’re far inferior to a lesser-known financial service.  

In today's financial landscape, there's a growing desire for a more community-oriented and flexible approach to banking. Nothing feels worse than getting on the phone with someone who talks to you like they’re a robot! People want to invest ethically, they want to have relationships with their bankers, and they want to make money on their money. It's become much more commonly known that a bank uses deposits as an opportunity to make more money for their shareholders. So, where are the opportunities to make more money and invest in companies you believe in?

This is where credit unions come into the picture. Credit unions have been around for over a century, with origins dating back to Germany in the 1850s. Their unique mission has always been to serve local communities and specific industries, offering financial services that benefit their members directly.

The Credit Union Advantage

One of the key advantages of credit unions is their not-for-profit structure. Unlike traditional for-profit banks, credit unions are owned by their members, which means their primary focus is on serving the financial needs of their members rather than generating profits for shareholders. This structure often translates into better rates, lower fees, and a deep commitment to their local communities.

The Raisin Revolution

What if you could combine the community-oriented approach of credit unions with the convenience of modern digital banking? This is precisely where Raisin steps in as a game-changer in the financial industry.

Raisin has been around since 2012. They are a financial technology company that is vital in supporting credit unions and small banks. Raisin provides a platform through which these institutions can offer their high-yield savings accounts, Certificates of Deposit (CDs), and money market accounts to a broader audience. This partnership allows consumers to access these products with just a minimal $1 deposit.

I've done a lot of research on the best accounts out there. And there are some really great High Yield Savings Accounts/Money Market Accounts. But I have not found a single one that matches any offered on Raisin's site. How is Raisin able to find the best products?

Local banks and credit unions don't have a lot of money to dish out for marketing. That's where Raisin comes in. They enable these smaller banks to get exposure nationally. The banks you typically see on NerdWallet, Investopedia, Forbes, The Fool, CSBC, etc., are paying for ad space. It's not that they're offering bad products. It's just that these better rates come at the cost of ad dollars. So, while SoFi is offering 4.5%, they're not offering the best rate because they spend so much on advertising.

Let's dive into a couple of more advantages:

⭐️ Competitive Rates: Raisin is committed to offering competitive rates, which often exceed what you'd find at traditional banks. This means you get to go to sleep every night knowing your money is making the MOST money it can for you in the safest way.

⭐️ Access to Multiple Banks:  Raisin simplifies the process of managing your savings by providing access to multiple banks and their financial products through a single platform. No more juggling multiple accounts or navigating complex banking systems.

⭐️ Quick and Easy Setup: Setting up an account with Raisin takes just a few minutes, making it a hassle-free experience for consumers.

⭐️ Supporting Local Communities: By choosing to invest in high-yield savings accounts or other financial products offered through Raisin, you're benefiting from competitive rates and supporting local communities and small banks.

A Win-Win Solution

In a world where financial choices abound, Raisin offers a win-win solution for both consumers and credit unions/small banks. It bridges the gap between traditional community-focused banking and modern digital convenience. And honestly, I couldn't be happier about this find.

By choosing Raisin, you can support local communities, enjoy competitive financial products, and simplify your savings strategy. It's a testament to how technology can empower us to make meaningful financial choices that align with our values and goals.

Ready to explore the benefits of Raisin and support credit unions and small banks in your journey toward financial success? Visit Raisin's website today to learn more and take the next steps in unlocking the power of your savings. I am truly so excited to partner with such an incredible company, and I can't wait for you to start making the most money on your cash.


Disclaimer: This website and its content is owned by Beyond The Green Coaching. AJ Schneider and the Financial Freedom Coaches are NOT financial planners, attorneys, accountants, therapists, counselors or psychologists. The information on this website and in the resources provided is for educational and informational purposes only. You acknowledge that you are participating voluntarily in using our resources, and you are personally responsible for any choices, actions and outcomes now and in the future. Before making any financial or investment decisions, we recommend you consult a financial planner. Beyond The Green Coaching is not liable for any errors or omissions of information supplied in these materials. 

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