BMW Bank High Yield Savings Review

BMW Bank savings rate and terms today

Feature	Details
APY	4.15% (variable)
Minimum to open	$1
Monthly fee	None
Cash bonus	Up to $1,000 with code STACK (new Raisin customers, first deposit by Nov 30, 2026)
How you open it	Online through Raisin
FDIC insured	Yes, pass through coverage at BMW Bank of North America (certificate 35141)

From Raisin’s BMW Bank product page, checked Nov 11, 2026. The rate is variable and can change after you deposit.

Our verdict

BMW Bank pays a solid rate with no fees, no balance rules and a $1 minimum, and it is backed by a long established bank. It does not have a teaser rate, so what you see is the variable rate you start with. The STACK bonus can add a meaningful amount on larger deposits.

The trade offs come from Raisin: you open and manage the account on Raisin’s platform, money moves only by transfer, and Raisin’s app is weakly rated (2.9 on the App Store, 2.5 on Google Play).

How much will BMW Bank pay you?

Balance	Interest in one year at BMW Bank	FDIC national average
$10,000	$415	$38
$25,000	$1,038	$95
$50,000	$2,075	$190

Interest only; the STACK bonus is extra. If the APY stays the same and interest stays in the account. National average from the FDIC (Oct 19, 2026).

The STACK cash bonus

Total new deposits	Welcome bonus	Extra if you also open a CD (or savings) with $1,000+
$10,000 to $24,999	$40	$10
$25,000 to $49,999	$100	$25
$50,000 to $99,999	$200	$50
$100,000 to $199,999	$425	$75
$200,000 or more	$900	$100

Raisin’s STACK offer terms, checked Nov 4, 2026. New Raisin customers only. Enter code STACK at sign up and start your first deposit by Nov 30, 2026, 11:59pm ET. Only money deposited within 14 days of your first deposit and kept on Raisin for 90 days counts. The bonus is paid to your Raisin Cash Account within 30 days of meeting the terms. Raisin can change or end the offer at any time. See our full guide to the Raisin STACK bonus.

How opening through Raisin works

Raisin is a savings marketplace, not a bank. You sign up once with Raisin, verify your identity, and then open savings accounts and CDs at partner banks through its platform. Your money is held in a custodial account for your benefit at the bank you choose and is eligible for pass through FDIC insurance up to $250,000 per depositor, per ownership category, as long as the FDIC’s record keeping rules are met. Raisin does not charge platform fees; it is paid by its partner banks.

Money moves by transfer between your linked bank account and Raisin. There is no debit card or ATM access. Read more in is Raisin legit?

Is BMW Bank safe?

Yes. BMW Bank of North America is an FDIC member (certificate 35141) based in Salt Lake City, Utah, and FDIC records show it was established in 1999. Through Raisin, your deposit is held in a custodial account for your benefit at the bank and is eligible for pass through FDIC insurance up to $250,000 per depositor, per ownership category. Compare it with the rest of our best high yield savings accounts. More in is BMW Bank legit? and BMW Bank vs Ally and BMW Bank vs Marcus and BMW Bank vs Capital One, or see BMW Bank vs Western Alliance on Raisin.