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.
- 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:
12/7/2212/30/2022
>>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- Offer may be modified or withdrawn without notice.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 Money Market Account Earns up to 4.05% APY (Nationwide)
- Discover Bank Promotions: $150 or $200 Savings Account Bonus [Nationwide] – Ends 9/12/24
- Earn Up To 5.00% 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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