26 Apr How to Earn ~7% APY from Raisin
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 ~7% 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.
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Raisin Bonus Terms
The Raisin bonus terms are simple. Open a new account with Raisin using promotion code FRESHSTART before 4/30/2026.
Then, deposit at least $10,000 within 14 days. The bonus, which is up to $1,500, depends on your bonus amount.
Here is the schedule:
| Deposit | Cash Bonus |
|---|---|
| $10,000 – $24,999 | $70 |
| $25,000 – $49,999 | $175 |
| $50,000 – $99,999 | $350 |
| $100,000 – $199,999 | $750 |
| $200,000 | $1,500 |
As long as you keep the cash in there for 90+ days, the bonus is yours.
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 ~7% 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 | $70 | $171 | 6.94% |
| $25,000 | $253 | $175 | $428 | 6.94% |
| $50,000 | $506 | $350 | $856 | 6.94% |
| $100,000 | $1,011 | $750 | $1,761 | 7.14% |
| $200,000 | $2,022 | $1,500 | $3,522 | 7.14% |
The best tiers for this are the $100k and $200k, because the bonus is a higher percentage of the deposit, but all tiers are pretty close.
Also remember that if you deposit more than what you need to get a bonus (so if you deposit $51,000 instead of the required $50,000), it will lower your effective annualized APY.
The best part is that you get the bonus after 90 days, it’s not like regular bank interest that drips out all year.