Raisin is a marketing company that partners with banks to offer you some of the highest interest rates on the market right now. They offer savings accounts, certificates of deposit, and money market accounts – but your money is put into their partner banks. Raisin is not itself a bank.

One of the added perks of Raisin is that they have a referral program too. You can earn money when your friends and family open up an account and make a deposit.

Here’s how the program works.

How does the referral program work

The referral program is straightforward, you get $100 for each referral that opens an account and deposits at least $5,000. They must then maintain that deposit for at least 90 days for you to get the $100 bonus.

The normal cap on this is $1,000 (10 referrals) but for a limited time, Raisin is raising that $2,000 (20 referrals). They haven’t stated when that cap will got back down.

As the referee (the friend being referred), you can also get a bonus based on how much you deposit and keep in the account for 90 days:

Here are the official referral bonus terms:

Referral bonus offer terms & conditions: Existing Raisin customers are eligible to receive a $100 referral bonus and their referees are eligible to receive a minimum $50  bonus for each referee who (1) opens an account with Raisin.com and makes a minimum initial deposit of $5,000 and (2) referee maintains the minimum deposit amount for a period of at least 90 days. Referee must use your unique personal referral code for you to be eligible to receive your referral bonus cash. Referrers are eligible to earn a maximum of $2,000 with the Raisin Referral Program. Referees earn bonuses for initial deposits maintained over 90 days as follows: $50 for deposits between $5,000 and $9,999; $100 for deposits between $10,000 and $49,999; $150 for deposits between $50,000 and $99,999; or $200 for deposits of $100,000 or more. Referral bonus cash will be deposited by Raisin Solutions US LLC into customer’s and into referee’s external bank accounts, respectively, that were linked to www.raisin.com/en-us within 30 days of satisfying all terms to qualify for referral bonus cash. US customers only. Not open to Raisin Solutions employees. Raisin reserves the right to terminate this offer at any time and to deny Customer referral bonus cash for any reason. This bonus offer applies to initial customer deposits made after May 8, 2024. 

How to refer your friends

First, you need to sign up for a Raisin account. There are no minimums to open an account and there are no fees. If you do open an account, it would be useful to deposit some funds so you are familiar with the flow of the site and how to use it.

Next, log in and look at the menu at the top, you’ll see a Referral menu item:

Clicking that will show a series of ways you can refer your friends. They can simply enter in your unique referral code (in the box that says Your unique referral code, which is blank in the image below) or they can send an email or post onto Facebook or Twitter.

That’s it!