Raisin Referral Code 2026: €50 Free via Savings Referral

Sign-up is fully online in under 10 minutes. You enter your details, provide an ID for KYC and a bank-account number in your name (EEA). Raisin does not offer a current account: it is solely for placing savings with partner banks across Europe. After validation, you transfer from your usual bank to your Raisin transit account (held at a licensed bank), then select a savings product from the available offers. The money is then moved to the partner bank managing your account or term deposit. Raisin consolidates the offers of dozens of European banks in one interface, sparing you from opening a separate account at each bank.

The Raisin referral grants €50 to each party (referrer and new user) when the new user deposits at least €5,000 in a Raisin savings account or term deposit and holds it for 6 consecutive months. Boosted offers up to €100 have appeared during special campaigns. Outside referrals, Raisin also regularly runs direct welcome offers for new clients (e.g. a bonus for a first term deposit). Offers vary by campaign — check the "Special offers" page on the Raisin site for the current one. The "Raisin promo code" covers both the peer referral and the occasional promotional codes distributed via partner sites; these two are not always combinable — check the terms at sign-up.

Raisin aggregates the offers of many European banks. An overview of products and rates:

Rates change weekly with partner-bank offers. Raisin updates its comparison in real time.

Interest is paid according to each product's terms. On flexible savings, interest accrues daily and is usually paid monthly or annually depending on the partner bank. On term deposits, interest is paid at maturity or annually. Funds in a term deposit are locked for the full term: early withdrawal is not possible without penalty (some contracts impose a partial loss of interest), unlike flexible savings where withdrawal is always possible. At a term deposit's maturity, Raisin notifies you by email and offers to renew, redirect the funds to another product, or return them to your usual bank account (usually within 1-3 business days).

"Raisin promo code" covers two mechanisms: the peer referral (€50 each for €5,000 deposited for 6 months) and promotional codes distributed via comparators or financial media (variable bonuses). The peer referral is usually the most advantageous when both parties meet the conditions; partner codes may offer a sign-up bonus with no minimum holding period, but often for a smaller amount. The two are generally not combinable. Raisin offers three product families: flexible savings accounts (variable rate, no fixed term, funds available within days), term deposits (fixed term and rate, higher rates in exchange for locking funds), and boosted savings accounts (a high promotional rate for a limited period).

Raisin differs from neobanks and domestic banks by accessing European banks that offer rates above local-market levels. By giving access to savings across the EU, geographic diversification helps you find the best offers — though it means entrusting funds to lesser-known banks. Boursobank offers boosted accounts with domestic partners; BforBank and Ramify offer term deposits and life-insurance products alongside classic savings. Raisin remains the specialist in pitting European banks against each other for regulated savings and term deposits.

Raisin (formerly WeltSparen) is a German fintech founded in 2012, regulated in Germany by BaFin. Funds placed via Raisin are deposited directly with partner banks and benefit from the home-country deposit guarantee of each bank — the EU legal minimum is €100,000 per depositor per institution (Directive 2014/49/EU). Raisin does not hold your funds: it acts as an intermediary, so your deposits are not exposed to Raisin's own failure — an important safety point versus crowdlending platforms. Interest is investment income, taxable under your local rules; Raisin provides an annual tax summary, and some foreign partner banks may apply withholding tax (often creditable at home).

Our verdict: Raisin is the go-to for high-yield, deposit-guaranteed European savings. Strengths: access to the best EU rates, real deposit guarantee, a €50 referral, no Raisin-level fees. Weaknesses: no current account, term deposits lock funds, rates change weekly. Ideal for savers seeking better-than-domestic rates with capital protection, alongside flexible options like Monefit SmartSaver (higher yield, higher risk).