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*Expired*
Discover Bank recently announced a new tiered bonus and lets just say it’s rather interesting. Apply for your first Discover Online Savings account and when you make $25,000 in deposit value, you’ll be able to grab a $200 Cash Bonus. If you aren’t able to meet such a requirement, then fret not because there’s also a $150 Bonus for those that make $15,000 in deposit value. This would be on top of the 1.20% APY that you earn with no monthly fees, no minimum balance requirements, and no hassle!
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Discover Bank Online Savings Summary:
- Learn More
- Account Type: Online Savings Account
- Maximum Bonus: $200
- Rate: 1.20% APY
- Availability: Nationwide
- Expiration Date: 12/18/2017
- Credit Inquiry: Soft Pull
- Direct Deposit Requirement: None
- Additional Requirements:
- $25,000 minimum deposit to earn $200 bonus.
- $15,000 minimum deposit to earn $150 bonus.
- $25,000 minimum deposit to earn $200 bonus.
- Monthly Fee: None
- Early Termination Fee: None; Account must be open when bonus is distributed
Discover Bank Online Savings Features:
- 24/7 Live Customer Support: You get live customer support at a click of a button around the clock. They pride themselves on high customer service and the quality of help you’ll get.
- $250,000 FDIC Insured: Your funds are insured by the Federal government up to $250,000.
- No Minimum Balance Requirement & No Monthly Fees: This is by far the biggest benefit with no fees or minimum. Your money will earn the 1.20% APY!
- Auto Savers Plan: Discover will help you save money by setting up automatic transfers from your linked Checking account to go into your Discover Online Savings Account each month.
- Discover’s Mobile Banking App: Available for Android and iPhone, account holders will have access to all your main features such as viewing your account balance and recent activity, and making transfers.
How To Get Discover Savings Bonus:
- Sign Up for your first Discover Online Savings account
- Make the necessary deposit within 30 days of account opening:
- $25,000 minimum deposit to earn $200 bonus.
- OR $15,000 minimum deposit to earn $150 bonus.
- $25,000 minimum deposit to earn $200 bonus.
- Account must be open when the bonus is credited.
Fine Print:
- In order to get the $200 bonus, you must enter the promo code during the application process to see the terms.
- Offer is not valid for existing or previous Discover Savings customers.
- The account must be open when the bonus is credited.
- Your $200 bonus is considered interest and will be reported on IRS form 1099-INT.
Conclusion:
You will be getting a $200 maximum bonus if you deposit $25,000 worth of new funds into a new Discover Bank Online Savings account. You could always reap the latter and go for a $150 bonus for a $15,000 in deposit value. Definitely a good start for those of you looking to park your money somewhere for a short period of time. I mean, not only will you be getting an incredibly attractive 1.20% APY, but you’ll be reaping a cash bonus on top! Note that your account must be open when the bonus is credited. Offer is not valid for existing or previous Discover Savings customers. Find all there is to best savings rates from our exclusive list nationwide!
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