Patriot Bank logo

High-yield Money Market Deposit Account (MMDA)

  • {61a52e00c952900001743a5a-APY} APY* high-yield MMDA, {61a52e00c952900001743a5a-APY}{FDIC-MM} higher than national average.

  • FDIC insured. No fees.

  • Financial solutions to help you do more of what you love.

Start Saving
Patriot Bank logo

High-yield Money Market Deposit Account (MMDA)

  • {61a52e00c952900001743a5a-APY} APY* high-yield MMDA, {61a52e00c952900001743a5a-APY}{FDIC-MM} higher than national average.

  • FDIC insured. No fees.

  • Financial solutions to help you do more of what you love.

Start Saving

This deposit product is offered through Raisin by Patriot Bank

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About Patriot Bank

Patriot Bank is a leading community and commercial bank headquartered in Stamford, CT with branches in the Connecticut counties of Fairfield and New Haven, as well as in Scarsdale, New York.

Founded in 1994, Patriot Bank provides deposit and lending products and services nationally. Patriot’s mission is to serve its local community and nationwide customer base by providing a growing array of banking solutions to meet the needs of individuals and small businesses owners. Patriot places great value in the integrity of its people and how it conducts business. An emphasis on building strong client relationships and community involvement are cornerstones of our philosophy as we seek to maximize shareholder value.

Security Is Our Top Priority

FDIC

FDIC logo

Patriot Bank is a member of the FDIC. Deposits in Patriot Bank are insured by the FDIC up to the limits of federal law. The standard insurance amount is $250,000 per depositor, per insured bank, for each deposit account ownership category.

Click to learn more about FDIC insurance

Cybersecurity is a top priority at Raisin

SOC2 logo

We invest in a variety of technologies to protect our customer’s data, privacy and transactions. These include multi-factor authentication, encryption, and web application firewall advanced internet protection technologies. We are a SOC 2 certified organization, which means we have met the requirements outlined by the American Institute of Certified Public Accountants (AICPA) to ensure that we have the controls in place to keep customers' data secure and private.

Click to learn more about SOC 2 certification

Patriot Bank, Powered by Raisin

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Patriot Bank uses the secure Raisin platform to offer savings products to savers nationwide. Customers open accounts at Raisin.com, and the platform manages all aspects of the products offered by Patriot Bank, including a customer's deposits and withdrawals, statements and any customer service needs. In simple terms, Raisin provides you exclusive access to a special selection of Patriot Bank products. Best of all, Raisin is completely free!

  • Security: Funds deposited into any of the products accessible through Raisin are held by federally insured institutions. We use a host of cybersecurity measures to protect your funds and sensitive information.

  • Choice: Savings products from our network of financial institutions offer flexible terms and some of the most competitive interest rates. You can easily find the right product or mix of products for you.

  • Convenience: One account to hold all your deposit products. Simplified statements. Easy access to manage your funds – all through a streamlined digital platform.

  • Service: A supportive, accessible, responsive customer service team based in New York, NY, sets Raisin apart.

  • Access: Enjoy 24/7 online access to your account and funds.

Open an Account in 3-5 Minutes

Select a product

Select

the right product for your savings goals.

Register for a Raisin account

Register

with an email address and password, then verify your identity and bank information.

Add funds

Fund

the savings products you add to your new Raisin account.

What is a money market deposit account?

Money Market Deposit Account

Above-average interest without sacrificing accessibility.

MMDAs were created to be more competitive with money market mutual funds compared to a traditional savings account. MMDAs are insured by the Federal Deposit Insurance Corp. (FDIC) up to applicable limits if the financial institution is a member of the FDIC. (Patriot Bank is an FDIC member bank.)

FAQs

Secure Messaging Center

Email: support.us@raisin.com

Call: 844-994-EARN (3276) (Monday to Friday from 9:00 a.m. - 4:00 p.m. ET)

The Raisin name and logo are trademarks of Raisin GmbH. All other trademarks, logos, marks, and brand names are the property of their respective owners — used with permission.

© 2024 Raisin GmbH. All rights reserved.

*APY means Annual Percentage Yield. APY is accurate as of {todayDate}. Interest rate and APY may change after initial deposit. Minimum opening deposit is $1.00.

Raisin is not an FDIC-insured bank or an NCUA-insured credit union, and does not hold any customer funds. Funds deposited through Raisin are exclusively held at federally insured financial institutions. FDIC or NCUA deposit insurance coverage covers the failure of partner banks and credit unions on the Raisin platform.

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.