Update 7/17/24: Now $100 on Rakuten. Looks like a $225 stack might be possible.
Register for a SkyOne referral. (optional) $25 bonus
Use Rakuten to sign up for Raisin. $100 bonus
During the Raisin signup, use a referral code on the signup page. Up to $200 bonus, depending on the amount deposited. If trying to stack SkyOne, use that credit union for your savings deposit.
Hat tip to Gadget
The Offer
Direct link to offer, do not share your referrals in the comments below. Use this linked post instead.
Raisin has doubled the referral bonus and is now offering new users up to $200 and the person referring $100. Bonus broken down as follows for the person signing up (balance must be maintained for 90 days):
$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
$200 for deposits of $100,000 or more
The Fine Print
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.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
These accounts have no monthly fees.
Our Verdict
Raisin used to be called SaveBetter and we have covered it twice before (when there was a $50 bonus and why we don’t list SaveBetter rates). Rates are competitive with the best high yield savings accounts, although slightly worse than the top rates, although the bonus isn’t significant compared to the deposit required (e.g the $200 bonus works out to be an extra 0.8% APY annualized over that 90 day period). Think the previous Rakuten offer for $50 for $100 deposit was better. Do not share your referrals in the comments below. Use this linked post instead.
Useful posts regarding bank bonuses:
A Beginners Guide To Bank Account Bonuses
Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
PSA: Don’t Call The Bank
Introduction To ChexSystems
Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
What Banks & Credit Unions Do/Don’t Pull ChexSystems?
How To Use Our Direct Deposit Page For Bank Bonuses Page
Common Bank Bonus Misconceptions + Why You Should Give Them A Go
How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
Affiliate Links & Bank Bonuses – We Won’t Be Using Them
Complete List Of Ways To Close Bank Accounts At Each Bank
Banks That Allow/Don’t Allow Out Of State Checking Applications
Bank Bonus Posting Times