Savings platform launches £100 welcome bonus – ‘boosting account returns to 5.33%’ | Personal Finance | Finance
A savings marketplace is offering new customers a £100 welcome bonus for opening a fixed-rate account, offering returns equivalent to 5.33% AER.
Until September 30, 2025, Raisin UK is offering £100 to new customers opening a fixed rate bond for 12 months or longer with a minimum deposit of £10,000. The current leading one-year fixed rate bond on the Raisin UK marketplace is from Kuwait Finance House at 4.33% AER. According to Raisin, this means a £10,000 deposit would generate £433 in interest. When adding the £100 bonus, the return increases to the equivalent of 5.33% AER (£533 in total returns).
Kevin Mountford, co-founder of Raisin UK, said: “As the Autumn Budget approaches, many savers are questioning how policy changes could impact their money. Alongside the £100 reward, this offer comes with several key advantages.
“It effectively boosts returns to a higher equivalent rate of interest, but unlike Easy Access accounts with headline rates that often fall away, the bonus is paid in cash before maturity and is not conditional on keeping money in the account beyond the fixed term.
“By choosing a fixed bond now, savers also protect their investment from any cuts to interest rates over the next 12 months, ensuring their returns remain steady.”
He added: “The combined rate is above the current inflation figure of 3.8%, meaning savings are working harder in real terms.”
The offer comes as billions of pounds held in fixed rate accounts are set to mature this year. Savers have been urged to review their accounts and switch to a better deal before their funds are automatically moved onto the providers’ default savings account. These accounts typically pay less interest.
How to get the £100 bonus
- Register for a free Raisin UK account
- Use the code HELLO100 when registering
- Open a fixed rate bond of 12 months or longer and deposit £10,000 or more in a single transaction by 23:59 on September 30, 2025.
If you meet the full terms and conditions, you’ll receive the £100 bonus by October 31, 2025.
