Raisin Platinum Savings
New customers can earn a substantial cash bonus on top of competitive interest rates. Choose from 75+ FDIC-insured banks and NCUA-insured credit unions offering rates up to 4.05% APY.
Bonus Structure
The more you deposit, the bigger your bonus. All deposits earn competitive interest rates in addition to the cash bonus.
Ready to earn your bonus?
Get Started with Code HEADSTART →Requirements
Three simple steps to earn your cash bonus. Most customers complete the process in under 10 minutes.
Account Opening
- Open new Raisin account
- Enter promo code HEADSTART
- Choose from 75+ partner banks
- New customers only
Deposit Requirements
- Fund account within 14 days
- Deposit via ACH transfer
- Tier determines bonus amount
- Minimum $10,000 deposit
Timeline
- Maintain balance for 90 days
- Bonus credited within 30 days
- Offer ends February 1, 2026
- Keep account open until bonus paid
Pros & Cons
Pros
- ✓ High bonus amounts up to $1,500
- ✓ Competitive APY up to 4.05%
- ✓ FDIC and NCUA insured
- ✓ No monthly maintenance fees
- ✓ Access to 75+ banks & credit unions
- ✓ One dashboard for all accounts
Cons
- ✗ High minimum deposit ($10K+)
- ✗ 90-day holding requirement
- ✗ Limited time offer (ends Feb 1, 2026)
- ✗ Transfer times 2-5 business days
- ✗ Online-only (no physical branches)
What You Should Know
FDIC and NCUA Insurance
All deposits on Raisin are held at FDIC-member banks and NCUA-insured credit unions. Your funds are protected up to applicable insurance limits.
No Account Fees
Raisin doesn't charge monthly maintenance fees, account opening fees, or withdrawal fees. Every dollar you deposit earns interest from day one.
One Dashboard
Manage all your high-yield savings accounts through a single Raisin login. Track balances, view interest earned, and access tax documents in one place.
75+ Institutions
Raisin connects you with partner banks and credit unions across the country, giving you access to competitive rates that might not be available in your area.
Transfer Timeline
Initial deposits typically take 2-4 business days to complete via ACH transfer. Withdrawals back to your linked bank account generally take 4-5 business days.
How Raisin Works
Partner banks and credit unions use Raisin's platform to reach savers nationwide. Raisin doesn't hold your money—your deposits stay at federally insured partner institutions.
Start Earning Today
Open your account in minutes and get access to competitive rates plus your cash bonus.
Open Your Account Now →Frequently Asked Questions
How do I qualify for the Raisin bonus?
Open a new Raisin account using promo code HEADSTART, fund it within 14 days with at least $10,000, and maintain the balance for 90 days. The bonus amount depends on your deposit tier.
When will I receive my bonus?
Your cash bonus will be credited to your Raisin Cash Account within 30 days of meeting all requirements (90-day hold period). You can then withdraw it or transfer it to another savings product.
Are my deposits insured?
Yes. All deposits are held at FDIC-member banks and NCUA-insured credit unions. Your funds are protected up to $250,000 per depositor, per institution, per ownership category.
Can I withdraw my money before 90 days?
While you can technically withdraw, you must maintain your balance for 90 days to qualify for the bonus. Early withdrawal will disqualify you from receiving the promotional cash bonus.
Is the bonus taxable?
Yes, bank bonuses are considered taxable income by the IRS. Raisin will report bonuses on Form 1099-INT. You'll need to report the bonus as income when filing your taxes.
Important Information
Bonus Offer Terms: New customers only. Must use promotional code HEADSTART at sign-up. First deposit must be initiated between January 15, 2026, and February 1, 2026, by 11:59 PM ET. 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.
Rate Information: APY means Annual Percentage Yield. Rates are accurate as of January 16, 2026. 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 coverage covers the failure of an insured credit union. Customer funds are held in various custodial deposit accounts at FDIC-member banks and NCUA-member credit unions.
Affiliate Disclosure: This page contains affiliate links. We may earn a commission if you sign up for Raisin through our links at no additional cost to you. Our editorial content is not influenced by affiliate partnerships.