Your cash is earning less than it should.
Built for savers with $10,000 or more sitting idle, not bonus chasers. Move the slider to your balance and see what 4.10% APY would pay you versus what your bank pays now.
If your cash has outgrown your bank, this is built for you.
Emergency funds, home-sale proceeds, retirees living off savings, high earners with idle cash. If a meaningful balance is sitting at a near-zero rate, every month it stays put costs you real money.
One bank caps your insurance. Raisin does not.
FDIC insurance stops at $250,000 per depositor, per bank. If your balance is bigger than that, the excess sits uninsured. Raisin spreads your money across many insured institutions so far more of it stays covered.
How the SUMMER26 bonus actually works.
The recurring interest is the real story. The bonus is a one-time extra on top. Here is exactly how to earn it, with no surprises.
| Deposit amount | Base bonus | Max with recurring |
|---|---|---|
| $10,000–$24,999 | $50 | $60 |
| $25,000–$49,999 | $125 | $150 |
| $50,000–$99,999 Most popular | $250 | $300 |
| $100,000–$199,999 | $500 | $600 |
| $200,000+ | $1,000 | $1,200 |
$1 minimum to open and earn the rate. $10,000 minimum deposit to qualify for the SUMMER26 bonus. Bonus and interest are taxable (1099-INT).
What you are actually signing up for.
Every month you wait, that gap keeps compounding for someone else.
At your balance you're leaving roughly $1,850 a year on the table. Use code SUMMER26, fund within the window, and put your cash to work at up to 4.10% APY.
Affiliate disclosure. My Millennial Guide may earn a commission if you open an account through links on this page, at no extra cost to you. This does not change the rates, bonus, or terms you receive.
Illustrative figures. All interest projections shown in the calculator are illustrative, based on 4.10% APY, simple interest, and the balance held for one year. The 0.40% comparison reflects the FDIC national average savings rate. Your actual rate, earnings, and bonus may vary. Rates accurate as of July 1, 2026.
Coverage and custody. Raisin is not a bank. Deposits are held at FDIC-insured banks and NCUA-insured credit unions. Up to $10,000,000 in total deposit insurance is available when funds are spread across 40+ partner institutions, compared with the $250,000 single-bank limit.
Bonus terms. SUMMER26 requires a $10,000 minimum deposit to qualify for a bonus tier ($1 minimum to open and earn the rate). Fund via ACH within 14 days, hold 90 days, and the bonus is credited within 30 days after the hold. A recurring deposit within 14 days unlocks the full max per tier. Fund your first deposit between July 1, 2026 and July 31, 2026. Offer ends July 31, 2026. Bonus and interest are taxable and reported on a 1099-INT.
This page is for informational purposes only and is not financial advice.
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