How to Earn ~6% 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 ~6% for 3 months.

Table of Contents

1. Raisin Bonus Effective APY Calculator
1. Raisin Bonus Effective APY Calculator
2. Raisin Bonus Terms
3. Everbank High Yield Savings Offer
4. How You Get Effective Annualized ~6% APY

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.

Deposit Amount $ Calculate My Effective APY

Note: The Raisin offer is now two parts – an initial welcome bonus plus a smaller “extra bonus.” The calculator doesn’t include the smaller extra bonus in the calculation, only the big welcome bonus.

👉 Learn more about this offer

Raisin Bonus Terms

The Raisin bonus terms have changed and are a little more complex with a two part system.

First, open a new account with Raisin using promotion code SUMMER26 before 6/30/2026. Then, deposit at least $10,000 within 14 days. The bonus, which is up to $1,200, depends on your bonus amount.

Here is the schedule for the initial bonus:

Deposit	Cash Bonus
$10,000 – $24,999	$50
$25,000 – $49,999	$125
$50,000 – $99,999	$250
$100,000 – $199,999	$500
$200,000	$1,000

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

Next, set up a recurring deposit within 14 days of the initial deposit, then execute it twice over the next 90 days to earn an “extra bonus:”

Initial Deposit	Recurring Deposit	Extra Bonus
$10,000 – $24,999	$100 total	$10
$25,000 – $49,999	$250 total	$25
$50,000 – $99,999	$500 total	$50
$100,000 – $199,999	$1,000 total	$100
$200,000+	$2,000 total	$200

👉 Learn more about this offer

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 ~6% 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	$50	$151	6.13%
$25,000	$253	$125	$378	6.13%
$50,000	$506	$250	$756	6.13%
$100,000	$1,011	$500	$1,511	6.13%
$200,000	$2,022	$1,000	$3,022	6.13%

In previous iterations of this bonus, the higher tiers paid a higher percentage but this time the bonus is 0.5% of the deposit… so all tiers are the same.

If you do end up doing the second part, for the extra bonus, here’s what you can earn:

Initial Deposit	Recurring Deposit	Extra Bonus
$10,000 – $24,999	$100 total	$10
$25,000 – $49,999	$250 total	$25
$50,000 – $99,999	$500 total	$50
$100,000 – $199,999	$1,000 total	$100
$200,000+	$2,000 total	$200

The best part is that you get the bonus after 90 days, it’s not like regular bank interest that drips out all year.

👉 Learn more about this offer

The post How to Earn ~6% APY from Raisin appeared first on Best Wallet Hacks.