Interested in banking with Discover® Bank? Find the best Discover Bank bonuses, promotions, and rates here.
Discover Bank offers bonuses in the amount of $150, $200, and earn up to $30 cash back per month using your debit card when opening an eligible checking or savings account.
Update 6/26/25:
- There is now no minimum to open a CD account.
- Rates have slightly decreased.
- Discover Online Savings is offering 3.50% APY while their Debit Cashback account gets you $360 cash back.
Discover have many products to select from to meet your individual banking needs. Discover Bank is an online-only bank and has no brick-and-mortar branches.
Thus, they are able to offer better rates by operating their banking services online. Their line of deposit accounts include Savings, Checking, Money Market, CD, and IRA CD accounts.
I’ll review the current Discover bonuses, promotions, and offers below.
Discover® Online Savings Account $150/$200 Bonus + 3.50% APY
Available to residents nationwide, apply for your first Discover Online Savings account to earn a $150 or $200 bonus + 3.50% APY.
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code LOP325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
- What you’ll get: $150/$200 bonus + 3.50% APY
- Where it’s available: Online Nationwide
- Monthly fee: There are no monthly fees with this account
How To Earn Discover Savings Bonus
- Apply for your first Discover Online Savings Account through BankCheckingSavings.com by 9/11/2025
- Enter Offer Code LOP325 when applying. Enter your information, such as address, phone, email and social security number.
- Fund your first savings account with a minimum deposit of $15,000 within 45 days of account open date to earn a $150 bonus.
- Fund your first savings account with a minimum deposit of $25,000 within 45 days of account open date to earn a $200 bonus.
- Finally, verify information and electronically sign your application. They may ask your to verify some information on your credit report such as old addresses or loans.
(See advertiser website for full details)
You will be earning a great, competitive APY rate with your new Discover Online Savings account. I personally recommend Discover Bank as their customer service is top notch on top of great bonuses.
If you have excess funds sitting in your checking account, start earning interest on your funds. Open an account today!
What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank.
Discover® Cashback Debit $360 Bonus
Earn 1% cash back on up to $3,000 in debit card purchases each month, for a total of up to $30 cashback per month.
Discover Cashback Checking has no minimum balance requirement, no fees, and free online bill pay. See website for details.
- Cashback – Earn 1% cash back on up to $3,000 in debit card purchases each month
- No. Fees. Period. That means you won’t be charged an account fee on our Cashback Debit account.
- Early Pay – Get your paycheck up to two days early with no charge
- No credit impact – You can apply without affecting your credit score.
- Fraud Protection – You’re never responsible for unauthorized debit card purchases. If you suspect someone else has used your debit card without your permission, let us know.
- Add Cash – Add cash into your account at Walmart stores nationwide.
- Apply in minutes – Applying for a Cashback Debit account is simple and fast.
- Fee free overdraft protection
(See advertiser website for full details.)
Discover® Bank CD
Discover Bank offers competitive rates. Discover Bank has always been one of the best places to open a CD account online. Their CD rates have consistently been very competitive for 12-month CDs, all the way up to 10-year CDs.
- Credit inquiry: Soft pull, which does not affect your credit
- Where it’s available: Online Nationwide
- Opening Deposit: None
- Monthly fee: There are no monthly fees with this account
You’ll find the Best Discover Bank CD Rates below from a 3-month to a 10-year term. You can open a CD for a variety of ownership types such as Individual, Trust, Custodial, Guardian and Estates.
(Member FDIC)
Below are the current rates:
| CD Term | APY Rate |
|---|---|
| 3-Month Term | 2.00% APY |
| 6-Month Term | 3.70% APY |
| 9-Month Term | 4.00% APY |
| 12-Month Term | 4.00% APY |
| 18-Month Term | 3.80% APY |
| 24-Month Term | 3.80% APY |
| 30-Month Term | 3.50% APY |
| 3-Year Term | 3.50% APY |
| 4-Year Term | 3.50% APY |
| 5-Year Term | 3.50% APY |
| 7-Year Term | 3.50% APY |
| 10-Year Term | 3.50% APY |
If you’re currently looking for a long term investment offer topping at 10 years then you should consider checking out a Discover CD account.
With a competitive rate given to you in up to a 10-year’s term, this is quite the generous interest rate that could potentially earn you an exceptional amount of money on your deposit balance.
Discover® Bank IRA CD
Discover Bank is offers competitive rates with terms as low as 3 months or as long as 10 years when opening an IRA CD account with Discover Bank. Consider applying for Discover Bank’s IRA CD to earn a guaranteed rate when thinking about retirement.
- Credit inquiry: Soft pull, which does not affect your credit
- Where it’s available: Online Nationwide
- Opening Deposit: None
- Monthly fee: There are no monthly fees with this account
With this account, you can Rollover or Transfer from other retirement account types and other financial institutions.
(Member FDIC)
Below are the current rates:
| IRA CD Term | APY Rate |
|---|---|
| 3-Month Term | 2.00% APY |
| 6-Month Term | 3.70% APY |
| 9-Month Term | 4.00% APY |
| 12-Month Term | 4.00% APY |
| 18-Month Term | 3.80% APY |
| 24-Month Term | 3.80% APY |
| 30-Month Term | 3.50% APY |
| 3-Year Term | 3.50% APY |
| 4-Year Term | 3.50% APY |
| 5-Year Term | 3.50% APY |
| 7-Year Term | 3.50% APY |
| 10-Year Term | 3.50% APY |
Discover® Bank Money Market Account
Earn up to 3.45% APY Rate with the Discover Bank Money Market Account for balances above $100,000. Money Market accounts typically offer higher interest rates, with higher account balance requirements.
- What you’ll get: Up to 3.45% APY Rate
- Credit inquiry: Soft pull, which does not affect your credit
- Where it’s available: Online Nationwide
- Monthly fee: There are no monthly fees with this account
- How to earn rate:
- Open a new Discover Money Market Account online.
- Fill out the forms within 7-10 days of setting up your account.
- Fund your account. You can send them a check or transfer funds from an existing bank account.
- Verify your information and start earning the listed APY Rate.
| Current Money Market Rates | |
| Balances Under $100,000 | Balances $100,000 & Over |
| 3.40% APY | 3.45% APY |
(See advertiser website for full details)
Fine Print
- $2,500 minimum balance to avoid the $10 Minimum Balance Fee.
- Offer may be modified or withdrawn without notice.
| BONUS LINK | OFFER | REVIEW |
| Discover® Bank Online Savings terms apply | $150/$200 bonus + 3.50% APY | Review |
| Discover® Bank CD | Up to 4.00% APY | Review |
| Discover® Bank Money Market | Up to 3.45% APY | Review |
| Discover® Bank IRA CD | Up to 4.00% APY | Review |
| Discover® Checking | $360 Cash Back | Review |
Conclusion
For those looking for a online checking or savings account with no monthly fees or minimum balance requirements, then Discover Bank could be the perfect option for you!
For more options, see our list of the latest bank promotions and compare with our list of Discover Bank bonuses and promotions.
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