Your Raisin Account is an account opened with Raisin Bank, a German credit institution. Raisin Bank is a member of the German Deposit Guarantee Scheme which covers all deposits up to a maximum amount of €100,000 per bank and customer.
Therefore, when you transfer money to your Raisin Account in order to fund savings account, these funds are protected by the German Deposit Guarantee Scheme up to €100,000. You can find more information about how your savings our protected here.