Interested in opening a Discover® Online Savings Account? Find the latest Discover Savings bonus, offer codes, promo codes, and promotion here! Member FDIC.
Available nationwide, the Discover Online Savings Account that offers to kick-start your savings with 4.25% APY – one of the highest rates online!
Discover Bank is FDIC-insured. Enjoy online convenience and high interest yields while receiving a safe and secure way to save money each month.
Discover Savings Summary
Open a Discover® Online Savings Account for all these features: • Earn high interest rate of 4.25% 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 Savings Information
Direct Link to Offer | |
Account Type | Online Savings Account |
Availability | Online nationwide |
What’s the offer? | N/A |
Current APY | 4.25% |
Promo Code | N/A |
How to open | Online or by phone (1-800-347-7000) |
How to qualify | Must be your first Discover Online Savings Account. |
When you’ll receive it | N/A |
Account monthly fee | $0; There are no fees or minimum balance requirements |
Account closure fee | None |
Account Features
- No minimum opening deposit.
- No minimum balance requirement.
- Interest is compounded daily and credited monthly.
- Now with no fees.
- Auto Savers plan which automatically transfers money from your personal checking account into your savings account each month.
- FDIC insurance up to $250,000.
- Manage your account online or with the Discover mobile banking apps. Features include checking your savings account balance, viewing recent activity, viewing earned interest, and the ability to make and set up transfers, and works on the Android, iPhone, and Blackberry devices.
Are My Deposits Safe?
Yes, Discover Bank is a member of the FDIC. FDIC deposit insurance is $250,000 per depositor, per deposit ownership category.
The FDIC provides separate insurance coverage for funds that depositors may have in different categories of legal ownership. The FDIC refers to these different categories as ownership categories.
About Discover Bank
Discover strives to be the leading digital bank and payments services company.
Their mission is to help people spend smarter, manage debt better, and save more to achieve a brighter financial future.
PROMOTIONAL LINK | OFFER | REVIEW |
Discover® Bank Online Savings terms apply | 4.25% APY | Review |
Discover® Checking | $360 Cash Back | Review |
Discover® Bank CD | Up to 4.70% APY | Review |
Discover® Bank Money Market | Up to 4.05% APY | Review |
Discover® Bank IRA CD | Up to 4.70% APY | Review |
Bottom Line
If you’re on the search for an account that offers a highly competitive annual percentage yield (APY) rates on your funds, and low fees, then you’re definitely looking at the right spot.
To conclude, the Discover Savings Account is the right fit for you if you’re looking for all three in one account.
See our full list of Bank Rates for all the best online banks plus more Discover Bank promotions! For more, see our list of the latest bank bonuses.
Demo says
It pays to Discover
Tori says
I am intrigued, someone used it? How does it work without problems? Any feedback? I want to try this!
cars company says
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Jackson says
Can I sign up for more than one account?
Rockstar says
How’s your research? Looking to open for at least 2 accounts.
ALMIRA says
I applied for discover savings account but i didn’t get any confirmation email, did it go through?
Patricia says
Anthony I am in the application process through your link and it automatically populates a coupon code, however says it is expired. Does this mean the promo is no longer valid? I don’t want to apply if the promo is not valid. Any info on this? thanks!
Anthony Nguyen says
The promo code is correct for this month. Check again.
Cindyhann says
Always takes me min 5 business days to move money into or out of Discover Bank cia ACH. Sometimes it arrives on business day 6! Ugh. So slow. Allowed me to open 2 Accra under my name with 2 different promo links. Deposits were moved in an out using 5k transfers via 2nd acct. received payout on both accts.
Vishwa says
i am looking for Discover $150 or $200 bonus flyer of March 2018. Can some one help me find?
Jessica says
Is this still available. I cannot find the promo code
Tom says
This bonus is instantaneous. Posted damn near quicker than the 25k did!
Andy L says
how long is my $15k or $25k need to keep in account in order to earn bonus of $150 or $250?
Darla says
I have a Discover credit card and CDs, but not an online savings account. Am I eligible for the $200 bonus? What are savings accounts that are co-branded or affinity accounts?
Pauline says
Is the Discover savings account available to a business?
Deborah Fuchs says
I closed an online savings account with Discover in early April, 2017. If I ant to use this promotion and open an account, will I be eligible for the bonus? Will I be considered a new customer?
Ram says
I used the promo code but forgot to click u provided. Will I get 200$ or not?
saver says
how long does one have to keep 15K or 25K in the account?
F says
Is this offer for new customer only? Or for current customer as well?
Liz Pham says
This offer is for new customers only.
Steven Rasmussen says
Who pays the $150/$200 bonus – Discover or HMB? Why do I have to give you my SSN when I should only give that to Discover Bank where I would be opening the account(s).
Liz Pham says
Discover is having the promotion and will provide the bonus after you meet the requirements. We do not need any of your personal information/nor did we request it. Please click the Discover Online Savings link to open your new savings account today!
Andy says
how long is my $15k or $25k need to keep in account in order to earn bonus of $150 or $250?
Andy L says
how long is my $15k or $25k need to keep in account in order to earn bonus of $150 or $250?
Ann says
It’s just a cumulative transfer requirement (you can move a smaller amount of money in and out several times), not a balance requirement.
Jo says
I didn’t see what the promo codes were