Find the best Discover Bank bonuses, promotions, and rates 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
- Availability: Online Nationwide
- Credit Card Funding: None
- Direct Deposit Requirement: None
- Closing Account Fee: None
Discover Online Savings Account $150/$200 Bonus + 0.90% APY
Available to residents nationwide, apply for your first Discover Online Savings account to earn a $150 or $200 bonus and 0.90% APY.
- What you’ll get: 0.90% APY + $150/$200 bonus
- Eligible account: Discover Online Savings Account
- Where it’s available: Online Nationwide
- 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 Bonus
How To Earn $150 Bonus
- Apply for your first Discover Online Savings Account through BankCheckingSavings.com by 09/15/2022
- Enter Offer Code BCS622 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 09/15/2022
- Enter Offer Code BCS622 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.
- 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.
- FDIC Insured: Your funds are insured by the Federal government, up to $250,000.
- No Minimum Balance Requirement & No Fees: This is by far the biggest benefit with no fees or minimum.
- 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 to making transfers.
None; now with no fees
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 09/15/2022, 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 2.75% 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
- 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. 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.
(Member FDIC)
Below are the current rates:
| CD Term | APY Rate |
|---|---|
| 3-Month Term | 0.30% APY |
| 6-Month Term | 0.60% APY |
| 9-Month Term | 0.65% APY |
| 12-Month Term | 1.50% APY |
| 18-Month Term | 1.80% APY |
| 24-Month Term | 2.10% APY |
| 30-Month Term | 2.10% APY |
| 3-Year Term | 2.30% APY |
| 4-Year Term | 2.30% APY |
| 5-Year Term | 2.75% APY |
| 7-Year Term | 2.75% APY |
| 10-Year Term | 2.75% 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 2.75% 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
- 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 | 0.30% APY |
| 6-Month Term | 0.60% APY |
| 9-Month Term | 0.65% APY |
| 12-Month Term | 1.50% APY |
| 18-Month Term | 1.80% APY |
| 24-Month Term | 2.10% APY |
| 30-Month Term | 2.10% APY |
| 3-Year Term | 2.30% APYY |
| 4-Year Term | 2.30% APYY |
| 5-Year Term | 2.75% APY |
| 7-Year Term | 2.75% APY |
| 10-Year Term | 2.75% APY |
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 0.85% 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 0.85% APY Rate
- Eligible account: Discover Money Market Account
- 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
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 |
| 0.80% APY | 0.85% APY |
(See advertiser website for full details)
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.
- 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
Discover Cashback Debit $360 Promotion
- 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! 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.
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.