Raisin is a fintech company that partners with banks to offer high interest rates. They also run deposit promotions where they will give you a cash bonus for large deposits as long as you keep them there for 90+ days.
Right now, there’s an offer with Everbank where you can lock in a 4.10% APY interest rate for 90 days.
💵 For a limited time, you can get a competitively high interest rate plus a massive deposit bonus that supercharges your effective annualized APY to ~6% for 3 months.
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Raisin Bonus Effective APY Calculator
I explain it in detail below, but if you don’t care and just want to know how much you can earn, use this calculator:
Raisin Bonus Effective APY Calculator
Enter your deposit amount to estimate your 90-day interest, Raisin bonus, and effective annualized APY.
Note: The Raisin offer is now two parts – an initial welcome bonus plus a smaller “extra bonus.” The calculator doesn’t include the smaller extra bonus in the calculation, only the big welcome bonus.
Raisin Bonus Terms
The Raisin bonus terms have changed and are a little more complex with a two part system.
First, open a new account with Raisin using promotion code SUMMER26 before 8/31/2026. Then, deposit at least $10,000 within 14 days. The bonus, which is up to $1,200, depends on your bonus amount.
Here is the schedule for the initial bonus:
| Deposit | Cash Bonus |
|---|---|
| $10,000 – $24,999 | $50 |
| $25,000 – $49,999 | $125 |
| $50,000 – $99,999 | $250 |
| $100,000 – $199,999 | $500 |
| $200,000 | $1,000 |
As long as you keep the cash in there for 90+ days, the bonus is yours.
Next, set up a recurring deposit within 14 days of the initial deposit, then execute it twice over the next 90 days to earn an “extra bonus:”
| Initial Deposit | Recurring Deposit | Extra Bonus |
|---|---|---|
| $10,000 – $24,999 | $100 total | $10 |
| $25,000 – $49,999 | $250 total | $25 |
| $50,000 – $99,999 | $500 total | $50 |
| $100,000 – $199,999 | $1,000 total | $100 |
| $200,000+ | $2,000 total | $200 |
Everbank High Yield Savings Offer
The Everbank offer is even simpler – you get a 4.10% APY rate lock for 90 days. Nothing else to do other than deposit your funds there:
How You Get Effective Annualized ~6% APY
Effective APY ≈ (90-day interest + bonus) ÷ deposit × 365/90
Here’s the calculations for each tier:
| Deposit | 90-Day Interest @ 4.10% APY | Raisin Bonus | Total Interest | Effective Annualized APY |
|---|---|---|---|---|
| $10,000 | $101 | $50 | $151 | 6.13% |
| $25,000 | $253 | $125 | $378 | 6.13% |
| $50,000 | $506 | $250 | $756 | 6.13% |
| $100,000 | $1,011 | $500 | $1,511 | 6.13% |
| $200,000 | $2,022 | $1,000 | $3,022 | 6.13% |
In previous iterations of this bonus, the higher tiers paid a higher percentage but this time the bonus is 0.5% of the deposit… so all tiers are the same.
If you do end up doing the second part, for the extra bonus, here’s what you can earn:
| Initial Deposit | Recurring Deposit | Extra Bonus |
|---|---|---|
| $10,000 – $24,999 | $100 total | $10 |
| $25,000 – $49,999 | $250 total | $25 |
| $50,000 – $99,999 | $500 total | $50 |
| $100,000 – $199,999 | $1,000 total | $100 |
| $200,000+ | $2,000 total | $200 |
The best part is that you get the bonus after 90 days, it’s not like regular bank interest that drips out all year.
