Raisin is a fintech firm that companions with banks to supply excessive rates of interest. In addition they run deposit promotions the place they offers you a money bonus for giant deposits so long as you retain them there for 90+ days.
Proper now, there’s a proposal with Everbank the place you may lock in a 4.10% APY rate of interest for 90 days.
💵 For a restricted time, you will get a competitively excessive rate of interest plus a large deposit bonus that supercharges your efficient annualized APY to ~7% for 3 months.
Desk of Contents
Raisin Bonus Efficient APY Calculator
I clarify it intimately under, however for those who don’t care and simply need to understand how a lot you may earn, use this calculator:
Raisin Bonus Efficient APY Calculator
Enter your deposit quantity to estimate your 90-day curiosity, Raisin bonus, and efficient annualized APY.
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Raisin Bonus Phrases
The Raisin bonus phrases are easy. Open a brand new account with Raisin utilizing promotion code FRESHSTART earlier than 4/30/2026.
Then, deposit a minimum of $10,000 inside 14 days. The bonus, which is as much as $1,500, depends upon your bonus quantity.
Right here is the schedule:
| Deposit | Money Bonus |
|---|---|
| $10,000 – $24,999 | $70 |
| $25,000 – $49,999 | $175 |
| $50,000 – $99,999 | $350 |
| $100,000 – $199,999 | $750 |
| $200,000 | $1,500 |
So long as you retain the money in there for 90+ days, the bonus is yours.
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Everbank Excessive Yield Financial savings Supply
The Everbank supply is even easier – you get a 4.10% APY charge lock for 90 days. Nothing else to do aside from deposit your funds there:
How You Get Efficient Annualized ~7% APY
Efficient APY ≈ (90-day curiosity + bonus) ÷ deposit × 365/90
Right here’s the calculations for every tier:
| Deposit | 90-Day Curiosity @ 4.10% APY | Raisin Bonus |
Complete Curiosity |
Efficient Annualized APY |
|---|---|---|---|---|
| $10,000 | $101 | $70 | $171 | 6.94% |
| $25,000 | $253 | $175 | $428 | 6.94% |
| $50,000 | $506 | $350 | $856 | 6.94% |
| $100,000 | $1,011 | $750 | $1,761 | 7.14% |
| $200,000 | $2,022 | $1,500 | $3,522 | 7.14% |
One of the best tiers for this are the $100k and $200k, as a result of the bonus is the next proportion of the deposit, however all tiers are fairly shut.
Additionally keep in mind that for those who deposit greater than what it is advisable get a bonus (so for those who deposit $51,000 as an alternative of the required $50,000), it would decrease your efficient annualized APY.
One of the best half is that you simply get the bonus after 90 days, it’s not like common financial institution curiosity that drips out all 12 months.
