Blue Federal Credit Union's Money Market: A Solid 3.75% APY with a Chance for a $1,500 Bonus

If you're looking for a straightforward place to park your cash and earn a decent return, Blue Federal Credit Union's money market account deserves a look. It's got a competitive rate, no minimum balance drama after the initial dollar, and it's available to anyone in the country. But there's another layer here: a separate, potentially lucrative bonus offer if you're moving a larger sum of money. Let's break down what's actually on the table and whether it makes sense for your savings strategy.

The Core Account: Simple and Solid

At its heart, Blue Federal Credit Union is offering a no-fuss money market deposit account. The 3.75% annual percentage yield is applied to any balance over a dollar, which is fantastic for those who don't want to worry about tiered rates or maintaining a specific minimum. There's no mention of monthly maintenance fees, and the account is federally insured by the NCUA, just like FDIC insurance for banks.

This makes it a compelling option purely as a high-yield savings vehicle, especially if you prefer credit unions or want an account that's easy to manage with a small starting balance.

Understanding the Separate Bonus Opportunity

Now, about that headline-grabbing $1,500 bonus. It's crucial to understand this is not a direct offer from Blue Federal Credit Union itself. It's facilitated through Raisin, a savings marketplace. To be eligible, you must be a new Raisin customer, sign up using the promo code HEADSTART, and then choose to fund a savings product (like this Blue FCU account) through their platform.

The bonus is tiered based on how much you deposit and maintain. The top tier requires a deposit of $200,000 or more. That's a significant commitment. The funds must be deposited within 14 days of opening and then left untouched for a full 90 days to qualify. The bonus itself is paid into your Raisin cash account within about a month after you meet the terms.

• Deposit $10,000–$24,499: Earn a $70 bonus.
• Deposit $25,000–$49,999: Earn a $175 bonus.
• Deposit $50,000–$99,999: Earn a $350 bonus.
• Deposit $100,000–$199,999: Earn a $750 bonus.
• Deposit $200,000+: Earn the full $1,500 bonus.

Practical Considerations Before You Jump In

This combination presents two distinct paths. Path one is simple: open the Blue FCU account directly for the reliable 3.75% yield. Path two is more complex but potentially more rewarding: go through Raisin for the chance at a bonus, but be prepared to navigate their platform and adhere to strict timing rules.

If you're considering the bonus route, do the math on the effective yield. A $1,500 bonus on a $200,000 deposit held for 90 days is an extra 3% annualized return on top of the base interest for that period. That's substantial, but it's a short-term boost. Your main decision is whether you're comfortable moving a large sum into this specific account for at least three months.

• The bonus has a hard deadline: Your first deposit must be initiated by 11:59 PM ET on February 28, 2026.
• You must use the code HEADSTART at Raisin sign-up. Missing this step voids the bonus.
• The 90-day maintenance clock starts from your *first* deposit date. Withdrawing early forfeits the bonus.
• Always double-check the latest terms on the official Raisin site before depositing any money.

Is This the Right Move for Your Money?

For the casual saver with a few thousand dollars, the Blue FCU account alone is a fine choice. The rate is good, the barrier to entry is almost nonexistent, and it's federally insured.

The Raisin bonus offer is a game for those with significant liquid savings looking to optimize a short-term parking spot. It requires careful attention to detail and a willingness to lock up funds. If you have that kind of cash and were planning to move it anyway, the extra $1,500 is a nice incentive. Just don't let the bonus blind you to the requirement of parking a large sum for a quarter of a year.

Bottom Line

• Blue FCU's money market offers a strong 3.75% APY with just $1 to open, no monthly fees, and NCUA insurance.
• The up-to-$1,500 bonus is a separate offer through Raisin, requiring a new account, a promo code (HEADSTART), and a large qualifying deposit by Feb 28, 2026.
• The bonus requires maintaining the deposit for 90 days; calculate if the effective yield is worth locking up your funds.
• For smaller balances, the base account is great. For large balances, weigh the bonus terms carefully against other options.

Common Questions