Find the best Discover Bank bonuses, promotions, and rates for January 2021 here.
We have current Checking and Savings bonuses in the amount of $150, $200, and $360 cash offers.
Discover have many products to select from to meet your individual banking needs. The offers are easy to qualify for and usually requires you to open an eligible account and meet certain requirements like using a promo code or having a minimum opening deposit.
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. Discover Bank, established in 1985, is based in Greenwood, Delaware.
Discover is quite known for their exceptional CD Rates and IRAs with terms of up to 10 years, as well as Money Market Accounts. For you thrifty reader everywhere, looking to expand your banking knowledge, check out our Bank Account Bonuses— the internet’s most updated list on BCS! Member FDIC.
Table of Contents
Discover Bank Bonuses
- Promotion Links:
- IRA CD
- Certificate of Deposit
- Money Market Account
- Account Type: Savings, IRA, CD, Discover Cashback Debit
- Availability: Online Nationwide
- Credit Inquiry: Soft Pull via ChexSystems
- Credit Card Funding: None
- Direct Deposit Requirement: None
- Closing Account Fee: None
Discover Online Savings Account 0.40% APY
With this offer, you can earn 0.40% APY on your funds.
- What you’ll get: 0.40% APY
- Eligible account: Discover Online Savings Account
- Credit inquiry: Soft pull, which does not affect your credit
- Where it’s available: Online Nationwide
- How to earn it:
- Open a new Discover Online Savings Account online or by phone
- Earn 0.40% APY on your deposits
- Monthly fee: There are no monthly fees with this account
(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 as their customer service is top notch.
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!
How To Earn The Rate
- Open a new Discover Online Savings Account online or by phone.
- Verify your information and electronically sign your application. They may ask your to verify some information on your credit report such as old addresses or loans.
- Earn high interest rate of 0.40% APY
- No minimum opening deposit, no minimum balance requirement, and no monthly fees
- Interest on Discover Online Savings Accounts is compounded daily and credited monthly
- Manage your account online or with the Discover mobile app
- FDIC insurance up to $250,000
- There are no monthly fees with this account.
Discover Cashback Debit $360 Promotion
Discover Bank is currently offering 1.00% cash back on debit card purchases up to $3,000 each month when you open a new Discover Cashback Debit account. The sign up process is as simple as clicking “Open An Account” and filling out your information! If you’re looking into Online Checking accounts, this account is essentially also considered a Free Checking account.
- What you’ll get: Up to $360 Checking Bonus
- Eligible account: Discover Cashback Debit Account
- Credit inquiry: Soft pull, which does not affect your credit
- Where it’s available: Online Nationwide
- How to earn it: Open a new Discover Cashback Debit Account online and start earning 1% cash back on up to $3,000 in debit card purchases each month, up to $360 a year in Cash Back Bonuses.
- When you’ll receive it: None Listed
- Monthly fee: There are no monthly fees with this account
For those looking for a great checking account, Discover Bank offers its Discover Cashback Debit account! Users can earn 1% cash back on up to $3,000 in debit card purchases per month, up to $360 cash back per year!
In addition, experience no monthly fees or monthly balance requirements and access many no-fee ATMs nationwide!
(See advertiser website for full details)
How To Earn The $360 Bonus
- Open a new Discover Cashback Debit Account online.
- Enter your information.
- Fund your account. Funding can be done now or later. It’s up to you.
- Start earning 1% cash back on up to $3,000 in debit card purchases each month, up to $360 a year in Cash Back Bonuses.
- Access to over 60,000 free ATMs in the U.S. (uses the Allpoint network; the largest ATM network big online banks use)
- Earn 1% cash back on up to $3,000 in debit card purchases each month
- Free Online Bill Pay (standard with most banks)
- No Cost for Replacement Debit Card (standard with most banks)
- Free Official Bank Check (standard with most banks)
- No Cost for Expedited Delivery for your Replacement Debit Card (good perk; some banks charge for this)
- Free Outbound ACH Transfers (standard with most banks)
- Free Incoming Wire (good perk; most traditional banks charge for this)
- There are no monthly fees with this account.
- ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), and loan payments or account funding made with your debit card are not eligible for cash back rewards.
- Purchases made using third-party payment accounts (services such as Venmo® and PayPal™, who also provide P2P payments) may not be eligible for cash back rewards.
- Account must be open at the time the rewards are applied. Offer may be modified or withdrawn without notice.
Discover Bank CD
Discover Bank currently offers rates up to % APY. 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 % APY Rate
- Eligible account: Discover Certificate of Deposit Account
- Credit inquiry: Soft pull, which does not affect your credit
- Where it’s available: Online Nationwide
- How to earn it: Open a new Certificate of Deposit Account online and fund your account by making a minimum opening deposit of $2,500. Select your term and earn the corresponding APY Rate.
- Opening Deposit: $2,500 minimum
- When you’ll receive it: None Listed
- 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. Keep in mind that you’d need at least $2,500 to open your account and lock in your rate.
You can open a CD for a variety of ownership types such as Individual, Trust, Custodial, Guardian and Estates.
Below are the current rates:
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 currently offering a rate of up to % APY 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 % APY Rate
- Eligible account: Discover IRA Certificate of Deposit Account
- Credit inquiry: Soft pull, which does not affect your credit
- Where it’s available: Online Nationwide
- How to earn it: Open a new IRA Certificate of Deposit Account online and fund your account by making a minimum opening deposit of $2,500. Select your term and earn the corresponding APY Rate.
- Opening Deposit: $2,500 minimum
- When you’ll receive it: None Listed
- 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.
Below are the current rates:
If you’re interested in saving for your retirement now, Discover Bank offers IRA CD accounts with highly competitive rates. IRA CDs are similar to savings accounts, in that your money earns a set interest rate over time. The higher your rate, the more interest you can earn.
If this sounds like something you would be interested in, I highly recommend you take advantage of this offer soon before it ends!
Discover Bank Money Market Account
Earn up to % 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. However, Discover Bank’s Online Savings account is currently offering better rates than their Money Market account. Thus, we highly recommend checking out the Savings account first.
- What you’ll get: Up to % APY Rate
- Eligible account: Discover Money Market Account
- Credit inquiry: Soft pull, which does not affect your credit
- Where it’s available: Online Nationwide
- How to earn it: Open a new Discover Money Market Account online and fund your account by making a minimum opening deposit of $2,500. Deposit $100,000 or more and earn the higher tier APY Rate .
- When you’ll receive it: None Listed
- Monthly fee: There are no monthly fees with this account
From 24/7 Customer Service to consistently competitive rates and easy online access, Discover is consistently striving to give their customers more.
With their Money Market Account, there is a minimum opening deposit of $2,500 but no hidden fees. You can open an account in minutes so apply today!
| Current Money Market Rates | |
| Balances Under $100,000 | Balances $100,000 & Over |
| % APY | % APY |
How To Earn The 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.
- Minimum balance fees
- Withdrawals at over 60,000 ATMs nationwide
- Replacement debit card
- Standard checks
- Official bank check
- Online bill pay
- Expedited delivery for debit card replacement
- There are no monthly fees with this account.
- $2,500 minimum balance to avoid the $10 Minimum Balance Fee.
- Offer may be modified or withdrawn without notice.
- The Annual Percentage Yield (APY) for the Online Savings Account is accurate as of 06/28/2019
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! All you have to do is sign up for the right accounts and complete the simple requirements like maintaining a certain balance or performing specific transaction amounts.
You’ll enjoy earning their competitive rates from Discover Bank. Most of our reviews would take you step-by-step until you receive your bonus! I also recommend that you check out Discover’s CDs which could earn you an exceptional return.
| BONUS LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| Chase Total Checking® | $200 Cash | Review |
| Bank of America Checking | $100 Offer | Review |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| HSBC Advance Checking Member FDIC | $200 Cash | Review |
| HSBC Advance Checking Member FDIC | Up To $240 | Review |
| Aspiration | $100 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington 25 Checking | $300 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Axos Bank Basic Business Checking | $100 Cash | Review |
| Ally Invest | Up to $3,500 Cash | Review |
| BlockFi | Up To $250 BTC | Review |
| Discover Bank Cashback Debit | $360 Debit Cashback | Review |
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.