Earn Up to $1,500 in Bonus Cash Plus Rates Up to 3.95% APY
Raisin gives you access to high-yield savings accounts from 100+ FDIC-insured banks and NCUA-insured credit unions in one place. Right now, new customers can stack a cash bonus on top of competitive rates. No monthly fees. No hassle.
How Much Can You Earn?
Your bonus is based on how much you deposit. All tiers also earn competitive interest on top of the cash bonus.
Three Steps to Your Bonus
Most customers finish the sign-up process in under 10 minutes.
Open Your Account
Sign up for a free Raisin account and enter promo code FRESHSTART during registration. Choose from 100+ partner banks and credit unions.
Fund Within 14 Days
Deposit at least $10,000 via ACH transfer within 14 days of opening. The more you deposit, the higher your bonus tier.
Hold for 90 Days
Maintain your balance for 90 days from your first deposit date. Your cash bonus is credited within 30 days of hitting that mark.
Full Requirements
Here's exactly what you need to do to earn your bonus.
Account Eligibility
- New Raisin customers only
- Enter promo code FRESHSTART at sign-up
- One bonus per customer
- Account must stay open until bonus is paid
Deposit Rules
- Minimum $10,000 deposit required
- Fund via ACH transfer only
- Deposit within 14 days of opening
- Bonus tier locked by initial deposit amount
Timeline & Payout
- Maintain balance for 90 days
- Bonus credited within 30 days after 90-day hold
- Bonus paid to your Raisin Cash Account
- Offer available for a limited time
Pros & Cons
The honest breakdown before you decide.
Pros
- Bonus up to $1,500 cash on top of interest
- Rates up to 3.95% APY across partner banks
- 100+ FDIC and NCUA insured institutions
- Zero monthly maintenance fees
- Up to $10M in deposit insurance coverage
- One dashboard to manage everything
- Open an account in minutes
Cons
- $10,000 minimum deposit to qualify for bonus
- Must hold funds for 90 days to earn bonus
- ACH transfers take 2-5 business days
- Withdrawals take 4-5 business days
- Online only (no physical branches)
What You Should Know About Raisin
Key facts before you open an account.
FDIC and NCUA Insurance
All deposits are held at FDIC-member banks and NCUA-insured credit unions. Spread across 40+ institutions, your funds can be eligible for up to $10M in coverage.
No Account Fees
Raisin doesn't charge monthly fees, account opening fees, or withdrawal fees. Every dollar you deposit earns interest from day one.
One Dashboard
Manage savings accounts across multiple partner banks through a single Raisin login. Track balances, interest earned, and tax documents all in one place.
How Raisin Works
Raisin isn't a bank. It partners with banks and credit unions to bring you their best rates. Your money is always held at federally insured partner institutions.
Transfer Timeline
Initial deposits take 2-4 business days via ACH. Withdrawals back to your linked bank take 4-5 business days. Plan accordingly if you need access to funds.
Bonus Is Taxable
Bank bonuses are taxable income. Raisin will issue a Form 1099-INT for your bonus. Factor that in when calculating your total return.
Start Earning Today
Open your account in minutes. Get access to rates up to 3.95% APY plus up to $1,500 in bonus cash with code FRESHSTART.
Open Your Account Now →Frequently Asked Questions
Important Information & Disclosures
Bonus Offer Terms: New customers only. Must use promotional code FRESHSTART at sign-up. First deposit must be initiated within 14 days of account opening. Only funds deposited and maintained with partner banks on the Raisin platform for 90 days will be eligible for the bonus. Bonus cash will be credited directly to your Raisin Cash Account within 30 days of meeting all qualifying terms. Offer available for a limited time and subject to change or cancellation.
Rate Information: APY means Annual Percentage Yield. Rates are accurate as of April 8, 2026, and subject to change. Rates may vary by product and partner institution. Interest rates and APY may change after initial deposit depending on the terms of the specific product selected. Minimum opening deposit is $1.00 for most products, but $10,000 minimum required for bonus eligibility.
FDIC and NCUA Insurance: Raisin is not an FDIC-insured bank or NCUA-insured credit union and does not hold any customer funds. FDIC deposit insurance covers the failure of an insured bank. NCUA deposit insurance covers the failure of an insured credit union. Customer funds are held in custodial deposit accounts at FDIC-member banks and NCUA-member credit unions. Coverage up to $10M is available when deposits are spread across at least 40 partner institutions and subject to applicable conditions.
Affiliate Disclosure: This page contains affiliate links. My Millennial Guide may earn a commission if you open a Raisin account through our links at no additional cost to you. Our editorial opinions are our own and are not influenced by affiliate partnerships.
