Earn a $150 or $450 savings bonus from Discover Bank when you open your first Discover Online Savings Account. Deposit at least $15,000 into your new account to earn a $150 bonus or deposit at least $35,000 to earn a $450 bonus.
- Update 10/14/23: This offer has ended but this version is still active. You might also want to consider this savings account from American Express.
- Update 11/8/22: There’s a $500 savings offer that requires a $50,000 deposit. Get details here.
Discover Bank is also offering a $200 savings bonus that has a lower deposit requirement of $25,000. Read more here.
See Posts History below for more offers from Discover savings.
Discover Bank $150 or $450 Savings Bonus
- What you’ll get: $150 or $450 bonus
- Where it’s available: online, nationwide
- How to earn it:
- Apply for your first Discover Online Savings Account (online, by phone or Discover App).
- Enter the code on the offer page when applying.
- Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $35,000 to earn a $450 Bonus.
- Deposit must be posted to account within 30 days of account open date.
- Enter Offer Code BONUS1022E when applying.
- When it expires: 11/8/22
See more bonus offers that don’t require direct deposit…
Is This Discover Welcome Bonus A Good Deal?
Due to the high deposit requirements, this Discover promotion is not as good as many of the best bank bonuses out there right now. If you have the money for the $15,000 or $35,000 deposit, it’s still worth considering.
Many banks give you a welcome bonus to get you to sign up, but then they charge you a lot of fees to make up for it later. But Discover has low fees, so if you qualify, the welcome bonus could be thought of as free money in your pocket.
Fine Print
- Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover.
- Eligibility is based on primary account owner.
- Account must be open when bonus is credited.
- Bonus will be credited to the account within 30 days of the account qualifying for the bonus.
- Bonus is interest and subject to reporting on Form 1099-INT.
- Offer may be modified or withdrawn without notice.
Bottom Line
Discover Bank is a part of Discover Financial Services, which is one of the biggest companies in the U.S. that issues credit cards. Over the years, it has become known as a top online bank for both individuals and families.
If you want a new savings account with a high annual percentage yield (APY), don’t like paying fees, and have a few thousand dollars to put in as an opening deposit, the $150 to $450 Discover bonus may be worth looking into.
Posts History:
- Discover Bank Promotions: $150 or $200 Savings Account Bonus [Nationwide] – Ends 9/11/25
- Discover Bank Money Market Account Earns up to 3.55% APY (Nationwide)
- Earn Up To 4.00% APY: Discover Bank’s Best Online CD Account Offers (Available Nationwide)
- Discover Bank Promotions: $150 or $400 Savings Account Bonus [Nationwide] – Ended
- Discover Bank $150 or $500 Savings Account Bonus [Nationwide] – Ended
- Discover Bank Bonus: $100-$150 Offer For Existing Customers [Targeted] – Ended
READ MORE: WELCOME OFFERS FROM CHASE AND BMO.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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