Raisin High Yield Savings up to $500 Bonus

Raisin logo

Raisin : High Yield Savings

up to $500

4.0

BankBonus.com score

Availability

Ease

Amount

Fees

Expert Take

Considering the $500 reward is the cherry-on-top of a competitive APY, we think this bonus is worthwhile for those who have the cash.

Offer Expires In

How To Earn The Bonus

  1. Open a new HYSA account through the Raisin platform using promo code BOOST.
  2. Within 14 days, deposit $10,000 to earn $75, $25,000 to earn $250 or $50,000 to earn $500.
  3. Maintain that balance for 90 days.
  4. Bonus will be deposited into your linked external bank account within 30 days of meeting all requirements.

Available in Your Area?

Yes

Monthly Fees?

No

Open Online?

Yes

Credit Pull?

Unknown

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Apply Now

at Raisin

Available nationwide, Raisin is offering up to a $500 welcome bonus when you open a new HYSA and deposit some funds. This is MORE THAN DOUBLE what Raisin previously offered! The catch? To earn the highest amount, you'll need to deposit at least $50,000! With that said, the lowest tier to earn a bonus is $10,000

If you're not familiar with Raisin, they partner with several banks and credit unions to provide high yield savings accounts through their platform. There are no minimum balance requirements, no fees and a high APY on all balances.

How To Earn The Bonus

The Raisin High Yield Savings promotion requires you to deposit and maintain a minimum balance in order to earn the up to $500 bonus (step-by-step breakdown is listed above!).

As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.

The fine print

  • New customers only.
  • Raisin reserves the right to terminate this offer at any time.

How does this personal savings offer from Raisin compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

Live Oak

Live Oak personal savings

Bonus
$300
Account Type
Personal Savings
Expires In
7 days
Requires
  • Min Balance

CIT

Platinum Savings

Bonus
up to $300
Account Type
Personal Savings
Expires In
Limited Time
Requires
  • Min Balance

TD Bank

Personal Savings

Bonus
$200
Account Type
Personal Savings
Expires In
22 days
Requires
  • Min Balance

Why Raisin?

Raisin, formerly known as SaveBetter, is a savings platform that promises to make it easier to shop for the best rate by partnering with small banks and credit unions that offer higher-than-average interest rates on savings accounts, money market deposit accounts, and CDs.

With a single Raisin login, you can hold savings products from multiple institutions, and their mobile app lets you view your earnings, rebalance your portfolio, transfer funds, or add new products from multiple federally regulated banks and credit unions.

Their business model relies on fees from their partners, not you, so optimizing your savings is not only easy, but free.

High Yield Savings

Raisin in a financial platform offering high yield savings accounts to consumers with no minimum balance requirements. You'll earn high APY on all balances and can choose which bank or credit union you'd like to partner with.

Fees

High Yield Savings does not charge a monthly maintenance fee.

Share Your Thoughts or Questions

There have been 2 comments about the Raisin High Yield Savings up to $500 Bonus.

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Amrita Krupa Mahajan

3 weeks ago

FDIC?

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Matt Bundrick Author

2 weeks ago Replying to Amrita Krupa Mahajan

Raisin is just a tech platform on top of federally-regulated banks (Raisin never receives, holds or deposits any customer funds; instead, your funds are always held in federally-regulated banks and credit unions), so yes, FDIC pass-through insurance applies. You can read more here: https://www.raisin.com/en-us/deposit-insurance

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