Raisin has updated its account opening bonus. You can now earn up to a $1,500 bonus + 4% APY. You need a large deposit to earn the full bonus, but since you only need to keep the funds there for 90 days, the effective annual yield can be as high as 7.04%, which makes it a pretty solid high-yield savings option. Raisin is essentially a collection of offers from various smaller banks, all with FDIC/NCUA insurance, so you can just pick the bank you prefer and open an account.

This bonus is pretty decent, so it has been added to our rankings.

If you have enough idle cash, consider moving it among these high-yield accounts to earn an excellent annualized return with no risk.

You need to deposit the required funds within 14 days after opening the account and keep them there for 90 days. The bonus will be paid out after 90+30 days.

  • $70 bonus: deposit $10,000-$24,999
  • $175 bonus: deposit $24,990-$49,999
  • $350 bonus: deposit $50,000-$99,999
  • $750 bonus: deposit $100,000-$199,999
  • $1,500 bonus: deposit $200,000 or more

Terms are as follows:

¹New customers only. Earn a cash bonus when you deposit and maintain funds with partner banks on the Raisin platform. Customers will receive $70 for depositing between $10,000 and $24,499, $175 for depositing between $25,000 and $49,999, $350 for depositing between $50,000 and $99,999, and $750 for depositing between $100,000 and $199,999, and $1,500 for depositing $200,000 or more. To qualify for the bonus, your first deposit must be initiated between January 15, 2026, and February 28, 2026, by 11:59 PM ET, and the promo code HEADSTART must be entered at the time of sign-up. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days will be eligible for this bonus. Bonus cash will be credited directly to your Cash Account within 30 days of meeting all qualifying terms.

You can calculate the effective annual yield and decide based on how much cash you have available.

About Raisin

Raisin, formerly SaveBetter, has already served more than 400 banks and 1 million users in Europe, and officially rebranded to Raisin in the US in 2025. Raisin is a savings marketplace that connects depositors with multiple FDIC-insured banks and NCUA-insured credit unions offering high-yield savings accounts and certificates of deposit (CDs).

It acts as a unified portal, handling account opening and the front-end interface so users can conveniently manage all linked bank accounts in one place. However, Raisin itself does not hold your deposits; it only provides the front-end management layer. This diagram illustrates it well.

Raisin does a great job solving the visibility problem for local small credit unions and community banks, letting users discover many lesser-known financial institutions that still come with FDIC/NCUA protection. In addition, these smaller institutions often do not have the budget to build polished user interfaces or apps. By using Raisin's management portal directly, they can significantly reduce costs while also giving users a better experience.

Account Opening Bonus

See the beginning of this article.

Available Banks

As mentioned above, Raisin provides a unified operating interface, while your actual funds are deposited at various FDIC/NCUA-insured banks. Rates vary slightly by bank. The top options are shown below (data as of December 15, 2025). You can choose directly in the platform interface.

How to Open an Account

The process is very simple: pick a bank that looks good to you, register for a Raisin account, verify your information, and then deposit your funds.

Summary

Raisin is a pretty interesting financial platform. In addition to high-interest products, it also offers solid account opening bonuses. I have previously used the Schwab platform, where you can also buy various FDIC-insured bank deposit products (CDs), and the experience is very smooth, but the bonuses are not nearly this high.

Sign-Up Link