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.
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.
The post How to Earn ~7% APY from Raisin appeared first on Best Wallet Hacks.
https://wallethacks.com/how-to-earn-7-apy-from-raisin/
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