Our two service partners are ClearBank and Meteor Asset Management (MAM). ClearBank provides the service bank functionality of the Transaction Account, holding and transferring deposits between the customer, and either MAM or partner bank accounts, and providing FSCS protection to the deposit in this time.
MAM acts as a deposit administrator for some of our partner banks, holding deposits in a bare trust arrangement, and transferring money in grouped batches between the ClearBank-operated Transaction Account and partner bank accounts.
As well as offering retail customers savings accounts via our marketplace, we also have a network of B2B partnerships leveraging ourSavings as a Service technology. For example, we worked with Aviva to launch Aviva Save, allowing the pension and investments specialist to enter the cash savings market for the first time in the UK.
Note: Between 1 March 2025 and 30 June 2025 ("Transition Period"), Raisin Platforms Limited ("RPL") will start to act as Bare Trustee and Deposit Administrator for some of the savings accounts available on the Raisin UK platform. During the Transition Period, the Bare Trustee and Deposit Administrator for all Partner Banks on the Raisin UK platform will change from Meteor Asset Management and Meteor Investment Management Limited (together, “MAM”) to RPL.
MAM and RPL will be Bare Trustee and Deposit Administrator for different savings accounts at this time. This means that, during the Transition Period, depending on your specific account, your Bare Trustee and Deposit Administrator may be either MAM or RPL. Prior to any change of Bare Trustee and Deposit Administrator in relation to any of your savings accounts, you will be contacted directly with details of the date of the change and what it means for you. If in doubt, please refer to your Product Factsheet during the Transition Period, which will detail the relevant Trustee for your deposit, or contact us.
At the end of the Transition Period, RPL will be the sole Bare Trustee and Deposit Administrator for all savings accounts invested via Raisin UK. Find out more.