Find the best Discover Bank bonuses, promotions, and rates here.
Discover Bank has current bonuses in the amount of $150, $200, and $360 cash offers when opening an eligible checking or savings account.
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.
Table of Contents
Discover Online Savings Account $150/$200 Bonus + 2.15% APY
Available to residents nationwide, apply for your first Discover Online Savings account to earn a $150 or $200 bonus and 2.15% APY.
- What you’ll get: 2.15% APY + $150/$200 bonus
- Where it’s available: Online Nationwide
- Monthly fee: There are no monthly fees with this account
- Direct Deposit Required: No
- How to earn it:
- How To Earn $150 Bonus
- Apply for your first Discover Online Savings Account through BankCheckingSavings.com by 12/15/2022
- Enter Offer Code BCS922 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 30 days of account open date.
- 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.
- How To Earn $200 Bonus
- Apply for your first Discover Online Savings Account through BankCheckingSavings.com by 12/15/2022
- Enter Offer Code BCS922 when applying. Enter your information, such as address, phone, email and social security number.
- Fund your first savings account with a minimum deposit of $25,000 within 30 days of account open date.
- 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.
- How To Earn $150 Bonus
(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.
In addition, you can also earn a generous bonus by meeting certain requirements! However, this bonus offer is available for a limited time. If you have excess funds sitting in your checking account, start earning interest on your funds. Open an account today!
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 ends 12/15/2022, 11:59 PM ET. Offer may be modified or withdrawn without notice.
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.
- What you’ll get: Up to 3.30% APY Rate
- Credit inquiry: Soft pull, which does not affect your credit
- Where it’s available: Online Nationwide
- Opening Deposit: $2,500 minimum
- 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 | 0.75% APY |
| 6-Month Term | 1.00% APY |
| 9-Month Term | 1.25% APY |
| 12-Month Term | 3.00% APY |
| 18-Month Term | 3.00% APY |
| 24-Month Term | 3.10% APY |
| 30-Month Term | 3.10% APY |
| 3-Year Term | 3.15% APY |
| 4-Year Term | 3.20% APY |
| 5-Year Term | 3.30% APY |
| 7-Year Term | 3.30% APY |
| 10-Year Term | 3.30% 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.
- What you’ll get: Up to 3.30% APY Rate
- Credit inquiry: Soft pull, which does not affect your credit
- Where it’s available: Online Nationwide
- Opening Deposit: $2,500 minimum
- 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 | 0.75% APY |
| 6-Month Term | 1.00% APY |
| 9-Month Term | 1.25% APY |
| 12-Month Term | 3.00% APY |
| 18-Month Term | 3.00% APY |
| 24-Month Term | 3.10% APY |
| 30-Month Term | 3.10% APY |
| 3-Year Term | 3.15% APYY |
| 4-Year Term | 3.20% APYY |
| 5-Year Term | 3.30% APY |
| 7-Year Term | 3.30% APY |
| 10-Year Term | 3.30% APY |
Discover Bank Money Market Account
Earn up to 2.10% 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 2.10% 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 by making a minimum opening deposit of $2,500. 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 |
| 2.05% APY | 2.10% 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.
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.)
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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Check back for the latest Discover Bank promotions, bonuses, offer codes, and coupons.
I want the promotion code for deposit deadline on 10/21/2019, but you just offer the new one from 10/17/2019 and deposit deadline on November.