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.

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:

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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:

As long as you keep the cash in there for 90+ days, the bonus is yours.

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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:

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.

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