- Raisin UK offers £50 sign up bonus*in addition to your 5.02% rate for a one-year fix
- This takes the rate up to 5.49% for a year for £10,000, beating the highest offer.
- The offer also offers easy access rates and other fixes like best buys as well.
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Savers can beat top easy-access offers, as well as short- and long-term fixed rate offers, by opening an account on the Raisin savings platform.
This is Money has an exclusive partnership with Raisin to offer new customers a sign-up bonus – a great £50 bonus when you sign up for an account*with a minimum balance of £10,000.
Currently, the highest easily accessible rate you have on the platform is with Hoist Finance, which offers 4.7 percent.
However, with a balance of £10,000, that increase takes it to a 5.22 per cent best buy. The best easy-access account at This is Money’s independent savings desks pays 5.16 per cent.
Boost your savings – Savings platform Raisin offers a £50 sign-up bonus for new customers who open an account and deposit £10,000
Likewise, the £50 bonus also brings Raisin fixed rate accounts for one, two, three and five years* at the best purchase levels.
Savers can get a one-year deal on Raisin from QIB Bank by paying 5.02 per cent, which is boosted by the £50 bonus at 5.49 per cent.
The two- and three-year deals, both from UBL Bank, increase to 5.06 per cent and 5.1 per cent respectively.
Savers can also get a five-year deal paying 5 per cent with UBL Bank’s £50 bonus.
An account must have a minimum deposit of £10,000 and the bonus will be paid 14 days later.
Raisin says savings on its platforms are protected by the Financial Services Compensation Scheme (FSCS), up to a maximum of £85,000.
As a savings platform, Raisin UK offers access to multiple savings and banking products. It allows savers to manage all their savings through a single app-based online account.
Regarding whether savings platforms are a safe place to deposit your savings, Andrew Hagger says: ‘All UK-based Raisin partners are part of the FSCS.
‘This means that if the provider fails, your money is protected up to a value of £85,000 – the same as investing directly.
James Blower, founder of Savings Guru, says: ‘Savings platforms are good for both savers who want to spread their money across multiple providers, maximizing FSCS protection, but without having to open a new account at each bank each time.
“They can open a single account with Raisin or other platforms and access a large number of providers, some of which offer better deals than those available directly and others with providers that are not accessible to ordinary savers.”
Savers must register by March 11 and fund an account with £10,000 by March 31.
To get the bonus, savers should follow this Raisin UK link*, where the bonus code must be entered at the time of registration. Bonus will be paid once offer eligibility is met.
