Raisin UK has launched a £100 welcome bonus for new customers who open a fixed-rate bond with a deposit of £10,000 or more, offering a competitive 5.33% AER. Available for a limited time until September 30, 2025, the offer allows savers to lock in a solid return for 12 months, providing both security and an immediate cash reward. With interest rates and inflation continuing to be key concerns for many savers, this deal provides a timely opportunity to grow savings with minimal risk.
This bonus comes at a time when many are questioning the future of savings rates amid rising inflation. According to Raisin UK, this promotion offers an attractive alternative to the often fluctuating rates of easy-access accounts, with the added benefit of a fixed-term deposit that ensures steady returns.
How the £100 Bonus Works
To qualify for the £100 bonus, new customers must open a fixed-rate bond with a term of 12 months or more and deposit a minimum of £10,000 in a single transaction. The bonus will be added directly to the customer’s Raisin UK Transaction Account by October 31, 2025. This bonus is available exclusively to new customers who have not previously opened a savings account through Raisin UK.
According to Raisin, this offer effectively boosts the return on a £10,000 deposit to 5.33% AER, equating to £533 in total returns over the 12-month term. Without the bonus, the best available one-year fixed-rate bond on the platform currently offers a return of 4.33% AER. The £100 bonus is paid upfront, unlike many other offers that include rewards conditional on keeping funds in the account beyond the fixed term, making this deal more attractive for savers seeking simplicity and immediate benefits.
Why Fixed-Rate Bonds Offer Stability
Fixed-rate bonds remain a popular option for savers looking for stability in a volatile economic climate. By locking in a set interest rate for a defined period, customers can protect their savings from interest rate cuts, which are a growing concern as the cost of living continues to rise. Raisin’s co-founder, Kevin Mountford, emphasised that this deal not only provides an immediate cash bonus but also ensures that savers will not be subject to future rate cuts over the next 12 months.
With inflation currently sitting at 3.8%, the 5.33% return offered by Raisin UK’s fixed-rate bond is notably higher than the rate of inflation, meaning savers can effectively grow their savings in real terms. As millions of pounds held in fixed-rate accounts are set to mature this year, Raisin UK encourages savers to review their options and lock in competitive rates before their funds are automatically transferred to lower-interest default accounts.
