Find updated Discover Savings bonuses here.
Available to residents nationwide, apply for your first Discover Online Savings account to earn 1.70% APY. The account has no fees, no minimum balance requirements, and no hassle! This is truly the most convenient and easiest online savings account to have!
On top of earning a competitive rate, Discover is offering a chance to earn a $150 or $200 bonus. Simply open a new Online Savings Account by 2/3/2020 using promo code BCS120. Keep in mind that this offer is only available to new Discover Bank Online Savings account customers. See advertiser website for full details.
From 24/7 Customer Service to competitive rates and easy online access, Discover is consistently striving to give their customers more.
Check out our Discover Bank Bonuses page for all the latest products such as Money Market, CDs, Checking, IRAs, etc.
I’ll review the Discover Savings offer below.
Table of Contents
Discover Online Savings Summary
 Open a Discover Online Savings Account for all these features: • Bonus offer applies for your first Discover Online Savings Account • Earn $200/$150 Bonus with promo code BCS120 by 2/3/2020 • Fund your first savings account with a minimum of $25K by 2/17/2020 to earn the $200 Bonus • Fund your first savings account with a minimum of $15K by 2/17/2020 to earn the $150 Bonus • Earn high interest rate of 1.70% APY • No minimum opening deposit, no minimum balance requirement, and now no 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 See advertiser website for full details |
Discover Online Savings Information
- Apply Now at Discover
- Account Type: Online Savings Account
- Availability: Nationwide
- Expiration Date: 2/3/2020
- Credit Inquiry: Soft Pull
- Direct Deposit Requirement: None
- Monthly Fee: None; now with no fees
- Early Termination Fee: None; however, your account must be open when the bonus is distributed
(See advertiser website for full details.)
Bonus Requirements
*See advertiser website for full details.*
How To Earn $150 Bonus
- Apply for your first Discover Online Savings Account through BankCheckingSavings.com by 2/3/2020
- Enter Offer Code BCS120 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 by 2/17/2020
- 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 2/3/2020
- Enter Offer Code BCS120 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 by 2/17/2020
- 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. Account must be open when bonus is credited. Bonus will be credited to the account by 3/2/20. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be modified/withdrawn without notice.
Online Savings Account
Discover is a very well known bank and a reliable place to invest your savings. They offer a better rate than almost all major traditional banks. Rather than being tiered, the rate you get applies to ALL balances.
New accounts don’t need a minimum balance to open. Plus, there are no monthly minimums or maintenance fees that you’ll typically find with your local banks.
All money transfers must occur online. There are several options for this process. The easiest is to link your current Checking account to your Discover Online Savings account and transfer your money that way.
To avoid fees, make sure you keep at most 6 money transfers per billing cycle. Money transfers consist of:
- ACH Transfer
- Online Transfers
- Funds transfers to an internal/external account
- Wire Transfers
- Transfers to repay loans at Discover
Conclusion
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!
This account is a great one to keep in the long run. It has no fees and a relatively high interest rate among other savings accounts.
If you are looking for even higher interest rate for long term investments, then check out Discover’s CD rates instead. Find all there is to best savings rates from our exclusive list nationwide!
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