Join the Raisin Savings Network today and access high-yield savings options, enjoy up to $250,000 FDIC insurance per bank, and earn bonuses through referrals!
Introduction: Why Should You Tap Into the Raisin Savings Network?
Are you on a quest to find the best home for your savings, where they can grow securely and efficiently? Look no further than the Raisin Savings Network, a revolutionary platform that’s changing the way savvy savers manage their funds. By consolidating access to high-yielding savings products from a variety of banks and credit unions, Raisin not only simplifies your savings strategy but also amplifies its effectiveness.
The Raisin Referral Program opens the door for both new and existing members to pocket generous bonuses. Let’s look into how the Raisin Savings Network can work for you.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
Raisin Savings Network Referral Offer Up To $2000
Current Raisin members can earn a $100 bonus for each new member they refer. New members can receive up to $200, depending on their initial deposit and maintaining it for 90 days.
To refer someone:
- Log into your Raisin account.
- Click ‘Referral’ for your referral code.
- Your friend must use this code when signing up.
Bonuses:
- Referral Registration: Friends must use your code during registration, complete enrollment, and deposit at least $5,000.
- Earn Bonuses:
- You earn $100 once the referral is eligible.
- Referees can earn up to $200.
- Continue referring to earn up to $2,000 in bonuses.
More details about their referral program here.
Understanding Raisin Savings Network
Formerly known as SaveBetter, Raisin provides a network of FDIC-member banks and NCUA-insured credit unions offering high-yield savings products. This setup allows users to spread their money across multiple products while managing them in a single account. Key benefits include:
- Comprehensive Coverage: $250,000 insurance per institution.
- One-Stop Management: Manage multiple savings products conveniently.
- Fee-Free: Enjoy all these benefits with no account management fees.
Raisin’s approach simplifies the savings process, offering a secure way to diversify and grow your savings without the hassle of managing multiple accounts.
Current Rates for Popular Products in the Raisin Savings Network
Here are the current rates for popular products in the Raisin network. For the latest rates, click here.
Savings Accounts
Here is the table summarizing the different high-yield savings accounts and money market deposit accounts:
CD Accounts
Here is the table summarizing the details for various high-yield CD products.
| Bank & Offer Link | Maturity | APY* |
|---|---|---|
| Dayspring Bank | 1 month | 5.32% |
| The Atlantic Federal Credit Union | 1 month | 5.28% |
| Prism Bank | 6 months | 5.25% |
| Dayspring Bank | 4 months | 5.21% |
| Generations Bank | 6 months | 5.18% |
| NexBank | 12 months | 5.15% (read review) |
| Ponce Bank | 1 month | 5.14% (read review) |
| The State Exchange Bank | 4 months | 5.15% (read review) |
| Mission Valley Bank | 1 month | 5.15% |
| Prism Bank | 1 month | 5.15% |
| Freedom Bank | 9 month | 5.15% |
| Generations Bank | 10 months | 5.13% |
| Ponce Bank | 3 months | 5.10% (read review) |
| The State Exchange Bank | 2 months | 5.10% (read review) |
| Freedom Bank | 6 months | 5.10% |
| Freedom Bank | 12 months | 5.10% |
| United Republic Bank | 1 month | 5.08% |
| Freedom Bank | 1 month | 5.06% |
| Lemmata Savings Bank | 9 months | 5.05% |
| Sun Canyon Bank | 5 months | 5.04% |
| Banc of California (program paused) | 2 months | 5.02% |
| Banc of California (program paused) | 3 months | 5.02% |
| SkyOne Federal Credit Union | 5 months | 5.00% |
| University Credit Union | 6 months | 5.00% |
| Southwestern National Bank | 5 months | 5.00% |
| The Atlantic Federal Credit Union | 2 months | 5.00% |
| The Atlantic Federal Credit Union | 3 months | 5.00% |
| Select Bank | 3 months | 5.00% |
| Security State Bank | 3 months | 5.00% |
| Prism Bank | 3 months | 5.00% |
| Freedom Bank | 3 months | 5.00% |
| First Financial Northwest Bank | 9 months | 5.00% |
| Sun Canyon Bank | 11 months | 4.94% |
| Banc of California (program paused) | 6 months | 4.92% |
| Nelnet Bank | 12 months | 4.92% |
| Western Alliance Bank | 9 months | 4.90% |
| First Financial Northwest Bank | 12 months | 4.90% |
| American First Credit Union | 12 months | 4.90% |
| Banc of California (program paused) | 9 months | 4.86% |
| Sallie Mae Bank | 14 months | 4.85% |
| Southwestern National Bank | 8 months | 4.85% |
| Blue Federal Credit Union | 9 months | 4.85% |
| Sallie Mae Bank | 10 months | 4.80% (read review) |
| Idabel National Bank | 9 months | 4.80% |
| Banc of California (program paused) | 12 months | 4.76% |
| Consumers Credit Union | 12 months | 4.76% |
| Technology Credit Union | 18 months | 4.75% |
| Western Alliance Bank | 12 months | 4.75% |
| Southwestern National Bank | 10 months | 4.75% |
| American First Credit Union | 18 months | 4.75% |
| Idabel National Bank | 12 months | 4.70% |
| GreenState Credit Union | 10 months | 4.70% |
| Blue Federal Credit Union | 15 months | 4.70% |
| Western Alliance Bank | 3 months | 4.60% |
| Western Alliance Bank | 5 months | 4.10% (read review) |
| Nelnet Bank | 24 months | 4.39% |
| Western Alliance Bank | 6 months | 4.30% |
| Nelnet Bank | 36 months | 4.19% |
| The Atlantic Federal Credit Union | 5 months | 4.00% |
| The Atlantic Federal Credit Union | 4 months | 4.00% |
No Penalty CDs
Here is the table summarizing the details for various no-penalty CD products.
| Bank & Offer Link | Maturity | APY* |
|---|---|---|
| Mission Valley Bank (PAUSED) | 3 months | 5.15% |
| Technology Credit Union | 5 months | 5.15% |
| Freedom Bank | 9 months | 5.10% |
| Ponce Bank | 4 months | 5.07% |
| Freedom Bank | 12 months | 5.00% |
| Blue Federal Credit Union | 9 months | 5.10% |
| SkyOne Federal Credit Union | 12 months | 4.75% |
| Sallie Mae Bank | 14 months | 4.75% |
| Sallie Mae Bank | 10 months | 4.70% |
| GreenState Credit Union | 12 months | 4.60% |
| Banc of California | 18 months | 4.24% |
| Banc of California | 24 months | 4.03% |
| mph.bank | 6 months | 3.00% |
Maximizing Your Raisin Experience
To get the most out of Raisin’s offerings:
- Diversify Wisely: Spread your savings across various products to maximize returns and coverage.
- Stay Informed: Keep track of the bonus and insurance terms to ensure your savings strategy aligns with the changing rates and benefits.
- Engage in Referrals: Use the referral program to benefit from and share the advantages of Raisin with friends and family.
TRENDING DEAL:
▶ GET UP TO 4.83% APY WITH THE UFB PORTFOLIO SAVINGS ACCOUNT
Our Take on the Offer
The Raisin Savings Network’s latest promotion seems like a solid deal for those looking to streamline their savings strategy and earn extra cash.
With competitive rates, extensive insurance coverage, and a user-friendly platform, it offers a practical solution for managing and growing your savings.
While the bonuses provide an added incentive, the real value lies in the convenience and security Raisin brings to saving.
READ MORE: SEE THESE CASH BACK SHOPPING DEALS AND PROMOTIONS FOR BONUS CASH AND REWARDS
FAQ for Raisin Savings Network
1. What is the Raisin Savings Network? Raisin, formerly known as SaveBetter, is a platform offering access to a variety of high-yielding savings products from different federally insured banks and credit unions. It allows users to manage multiple savings accounts in one place, maximizing returns and insurance coverage.
2. How does Raisin work? You sign up for a no-fee Raisin account, then select and deposit funds into savings products from Raisin’s network of banks and credit unions. You can manage all these accounts, view balances, and add new products through Raisin’s platform.
3. What types of savings products are available on Raisin? Raisin offers a variety of products, including high-yield savings accounts, money market accounts, and certificates of deposit (CDs) from its partner institutions.
4. Is my money safe with Raisin? Yes, all savings products offered through Raisin are from FDIC-member banks or NCUA-insured credit unions, providing up to $250,000 of federally insured coverage per institution, per individual.
5. How do I open a Raisin account? You can open an account by registering on the Raisin website. The process involves providing some personal information, setting up your account, and linking an external bank account for fund transfers.
6. Are there any fees associated with a Raisin account? Raisin accounts come with no fees for the customer. The partner banks and credit unions pay Raisin for marketing their products, allowing Raisin to offer its service free of charge to users.
7. What is the Raisin New Account Bonus? New members can earn a $25 minimum bonus up to a $125 maximum bonus when joining Raisin and meeting certain deposit conditions, like maintaining a minimum balance for 90 days.
8. How does the Raisin Referral Program work? Current members can earn a $50 bonus for each new member they refer who joins Raisin and meets the qualifying conditions. New members referred can also earn a sign-up bonus based on their initial deposit and maintenance period.
9. How long do I need to keep my deposit in Raisin to qualify for bonuses? To qualify for the new account bonus and referral rewards, typically, you need to maintain your initial deposit for at least 90 days.
10. When will I receive my bonus? Your bonus cash will be deposited into your linked external bank account within 30 days of qualifying for the bonus.
11. How many people can I refer to Raisin, and is there a limit on referral rewards? You can refer as many people as you like, but the total referral rewards are capped at 20 bonuses or $1,000 in total referral rewards per person.
12. How do I manage my savings products on Raisin? Once you have an account, you can manage all your savings products, rebalance your portfolio, and add new products easily from the Raisin dashboard.
13. Can I withdraw my funds anytime from savings products on Raisin? Withdrawal terms depend on the specific product you choose. Some accounts may have penalties for early withdrawal, especially CDs, while others like savings accounts might offer more flexibility.
14. Who is eligible to join Raisin? Raisin services are available to U.S. customers. However, specific eligibility may depend on the terms set by partner banks and credit unions for their respective products.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
Unlock Your Trading Potential with Interactive Brokers – Click Here to Learn More!
You’re invited to get more out of your savings with Raisin — and earn an up to $200 bonus using my referral code jenniferc052478!
Click raisin.com/en-us/referral-program?utm_source=email&utm_medium=referral&utm_campaign=raf-bonus, select a savings account or CD, and enter code jenniferc052478 during the quick sign-up process to be eligible. Terms and conditions apply.
Referral code: jenniferc052478
With interest rates likely to drop this year, it could be a great time to lock in a nice rate on a long term CD. If you use a referral code to get the $25 – $125 bonus, just make sure it’s still current or it won’t work. If you need a code, feel free to use mine (account opened Jan 2024).
Raisin referral code: jeffh029272