Get up to £125 from Raisin UK with our exclusive offer | moneyfacts.co.uk

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Published: 11/06/2021

Moneyfacts.co.uk has partnered with Raisin UK to offer savers an exclusive bonus when they open an account through the Raisin UK platform, with the chance to earn up to £125.

What’s the deal?

Anyone who signs up for a new savings account via Raisin UK already stands to earn up to £100 as a welcome bonus, depending on how much they invest. But thanks to our exclusive deal, when new savers deposit £5,000 or more they can receive an additional bonus of £25, simply by using promo code MONEYFACTS25 when registering for an account and funding it by 30 June 2021 (terms and conditions apply). 

 

How much could I earn?

This depends on how much is invested. For savers who deposit between £5,000 and £39,000, the standard welcome bonus is £10, which rises to £50 for deposits of between £40,000 and £74,999, and £100 for deposits of between £75,000 and £85,000 (the maximum amount that can be held in Raisin UK accounts, which is also the limit for depositor protection via the Financial Services Compensation Scheme). No matter which welcome bonus savers qualify for, they’ll be eligible for the additional £25 through our code. 

 

Let’s take a look at how this could equate in terms of savings interest. For example, Union Bank UK is one of the top one-year bonds currently available via Raisin UK and pays 0.85% AER on maturity. If the maximum £85,000 was deposited, this would generate interest of £722.50 over the one-year term. Yet this would also mean savers qualify for the full £125 welcome bonus, which would mean they could earn £847.50 in the year to result in an equivalent interest rate of 0.99%. 

What do I need to do?

Just register for a Raisin UK Account, making sure to include code MONEYFACTS25 in the sign-up form, then apply for one of the many savings accounts available on its platform. Savers will need to deposit at least £5,000 by 30 June in order to qualify for the bonus – this applies whether it’s an easy access account or fixed rate bond, though if it’s the former the account must have a minimum balance of £5,000 for at least six months, and if it’s the latter, it must have a minimum six-month term. The bonus needs to be claimed within six months of funding the account. 

 

How can I find out more?

Find out more by following this link and reading the terms and conditions (details of the standard welcome bonus can be found here). Or why not see what savings accounts are available? With a range of fixed rate bonds, notice accounts and easy access accounts available via Raisin UK, and with rates of up to 1.31% for a five-year term, there’s bound to be the account to suit. Check out the range of Raisin UK savings accounts, and see how they compare with the best savings rates in the market, with many of the top deals accessible directly from our charts. And remember to use code MONEYFACTS25 when signing up for an extra savings boost.

 

Disclaimer

Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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