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Home Bank Promotions

Discover Bank $150 or $500 Savings Account Bonus [Nationwide] – Ended

Tony Jay by Tony Jay
March 17, 2024 9:15 pm CDT
in Bank Promotions, Deals
0
Earn a $300 cash bonus with BlueVine!
chase-total-checking-banner-300-2024

Earn a $150 or $500 bonus for a new savings account with this offer from Discover Bank. The $150 bonus will require a deposit of at least $15,000 and the $500 bonus will require at least a $50,000 deposit.

Key Takeaways

  • The $500 offer expired but you can still get up to $200 from Discover Bank here.
  • You can earn up to $400 with BMO Bank, as well.
  • For a savings account with a competitive APY from a nationally recognized bank, consider the American Express High Yield Savings Account.
Table of Contents
  • Key Takeaways
  • Discover Bank $150 or $500 Savings Offer
  • Monthly Fees
  • Fine Print
  • Bottom Line
  • Update 12/4/23: The $500 offer expired but you can still get up to $200 from Discover Bank here. The current offer expires on 12/14/23. You can earn up to $400 with BMO Bank, as well.
  • Update 1/1/23: Offer has expired. See the $200 offer here.
  • Update 12/4/22: Offer is back until 12/30/22 with promo code BONUS1122D. We don’t have a new landing page yet – you’ll need to enter the promo code to see the offer while applying.
  • Update 11/20/22: The offer is back until 12/7/22. See below for details.
  • Update 11/10/22: Reportedly the deal is no longer being offered and may not become valid again until 11/28/22.
  • Update 11/8/22: The expiration date is reportedly 12/30/22.

See Posts History below for more offers from Discover savings.

Discover Bank $150 or $500 Savings Offer

  • What you’ll get: $500
  • Where it’s available: online, nationwide
  • How to earn it:
  • To get your $150 or $500 Bonus:
    • Apply for your first Discover Online Savings Account, online, in the Discover App or by phone.
    • Enter Offer Code BONUS1122D 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 $50,000 to earn a $500 Bonus.
    • Deposit must be posted to account within 30 days of account open date.
    • Maximum bonus eligibility is $500.
  • When it expires: 12/7/22 12/30/2022

>>OFFER LINK (this was the previous offer page; we’ll update when a new link is available)

Monthly Fees

There are no monthly fees with this account.

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

There is no mention of a holding period for the $50,000 deposit, so maybe you can deposit it in and take it out soon after.

This is one of the highest offers we’ve ever seen for a Discover savings account. Previously, a $450 offer was the highest.

See more offers that don’t require direct deposit here.

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 Bonus: $100-$150 Offer For Existing Customers [Targeted] – Ended
  • Discover Bank Promotions: $150 or $450 Savings Account Bonus – Ended

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.

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Tony Jay

Tony Jay

Hey there! I'm Tony, a personal finance enthusiast.

If you're looking to maximize your savings, I've got you covered. From exclusive banking promotions and investing bonuses, to exciting credit card offers, I'll keep you in the loop on the hottest deals in town.

Join me here at MoneysMyLife and let's embark on this adventure together. Contact me here.

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Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.

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