Grand Bank's Money Market Deal: A Solid Rate Plus a Hefty Bonus

If you're sitting on a decent chunk of cash in a low-yield account, it might be time for a move. Grand Bank, through the Raisin platform, has a compelling offer that combines a competitive interest rate with a potentially large cash bonus. It's one of those deals where the more you can deposit, the more lucrative it gets. Let's break down whether this family-owned bank's offer is the right fit for your savings strategy.

What Makes This Offer Stand Out?

The headline here is the dual benefit. You're not just chasing a bonus or chasing a rate—you get both. The 3.39% APY is respectable, especially on any balance over a dollar. But the bonus structure is what turns heads. It scales directly with your deposit, making it particularly attractive if you have a larger sum to park, like proceeds from a home sale or a consolidated emergency fund.

Grand Bank itself is a smaller, family-run institution based in Oklahoma, which some savers prefer over mega-banks. The account is FDIC-insured up to the standard limits, so your money is protected.

The Nitty-Gritty on Earning That Bonus

This isn't a simple 'open and fund' deal. There are specific steps and timing rules you must follow to get the extra cash.

• You must be a new customer to the Raisin platform.
• During sign-up, you absolutely must enter the promo code HEADSTART. Forget this, and you're out of luck.
• Your first deposit into the account must be initiated on or before February 28, 2026.
• You have a 14-day window from opening to get your full qualifying deposit into the account to lock in your bonus tier.
• Once the money is in, you cannot touch it for 90 days. The clock starts on the date of your first deposit. Any withdrawal during this period will likely disqualify you.
• If you meet all the terms, the bonus should land in your Raisin cash account within 30 days after the 90-day holding period ends.

Practical Advice and Potential Pitfalls

First, the platform. You're opening this account through Raisin, not directly with Grand Bank. This is a common model that offers access to rates from many banks. Just be prepared for that intermediary experience.

The 90-day hold is crucial. Only move money you are certain you won't need for at least three months. Treat it like a short-term CD.

While the source material didn't specify, opening accounts through aggregators like Raisin sometimes involves a soft credit pull, but it could be a hard inquiry. Be prepared for either when you apply.

Finally, always double-check the official terms on the offer page before you apply. Banks can and do change these promotions, and you want to act on the most current information.

Bottom Line

• A strong combo play: a good ongoing rate plus a substantial, tiered bonus.
• Ideal for savers with larger lump sums they can lock up for 90+ days.
• Success hinges on using the correct promo code (HEADSTART) and meeting strict timing deadlines.
• Understand you're banking via the Raisin platform, not directly with the bank.

Common Questions