Interested in banking with Discover® Bank? Find the latest Discover Bank promotions, offers, and bonuses here.
Update 6/26/25:
- There is now no minimum to open a CD account.
- Rates have slightly decreased.
- Discover Online Savings is offering a $150/$200 bonus + 3.50% APY while their Debit Cashback account gets you $360 cash back.
Discover Bank has a range of accounts including Online Savings, Checking, Money Market, CD, and IRA accounts. Member FDIC.
About Discover Bank Promotions
Headquartered in Greenwood, Delaware, Discover Bank is an online-only bank with no retail branches.
They can offer better rates by operating their banking services online due to little overhead.
Their line of deposit accounts include Savings, Checking, Money Market, CD, and IRA CD accounts.
Discover even has IRAs and CDs with terms of up to to 10 years, as well as Money Market account all with competitive APY rates.
I’ll review current Discover Bank offers below.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Discover® Bank Online Savings terms apply | $150/$200 bonus + 3.50% APY | Review |
| Discover® Checking | $360 Cash Back | Review |
| Discover® Bank CD | Up to 4.00% APY | Review |
| Discover® Bank Money Market | Up to 3.45% APY | Review |
| Discover® Bank IRA CD | Up to 4.00% APY | Review |
Discover® Online Savings $150/$200 Bonus + 3.50% APY
Available nationwide, the Discover Online Savings Account that offers to kick-start your savings with a $200 or $150 bonus along with 3.50% APY.
- What you’ll get: $150 or $200 bonus + 3.50% APY
- Account Type: Discover Online Savings
- Availability: Online, Nationwide
Discover Online Savings is known for its online convenience and high interest yields. They provide a safe and secure way to save money each month.
As with any online bank, Discover is able to avoid overhead costs of a physical branch, thus saving money and offering you a higher savings rate. This is simply one of the best Discover Bank promotions!
(See Advertiser for full details)
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code LOP325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
How To Earn $150 Bonus
- Must be a new Discover Bank Online Savings Account customer
- Apply for your first Discover Online Savings Account through HustlerMoneyBlog.com by 9/11/2025 using offer code LOP325
- Fund your first savings account with a minimum deposit of $15,000 within 45 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.
- As a result, you’ll earn your $150 Discover Savings Bonus!
How To Earn $200 Bonus
- Must be a new Discover Bank Online Savings Account customer
- Apply for your first Discover Online Savings Account through HustlerMoneyBlog.com by 9/11/2025 using offer code LOP325
- Fund your first savings account with a minimum deposit of $25,000 within 45 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.
- As a result, you’ll earn your $200 Discover Savings Bonus!
What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank.
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.
Discover® Cashback Debit – up to $360 bonus
Discover Bank has cash back rewards with their debit card. Simply open an account online, and Discover will give you 1% cash back on up to $3,000 in debit card purchases each month, for up to $360 each year as a bonus to your normal spending. See website for details.
(Visit Discover to learn more)
BONUS AMOUNT: up to $360
ACCOUNT TYPE: Personal Checking
AVAILABILITY: Nationwide
OFFER EXPIRES: Limited Time
BONUS REQUIREMENTS:
- Open a new Discover Cashback Debit checking account using the link below.
- Use your debit card to earn cashback – up to $30 can be earned per month (see website for details).
- Bonus cash will be deposited into your account each month.
ACCOUNT FEATURES:
- 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.)
Discover® Certificate of Deposit
Discover Bank offers Certificates of Deposit (CD) accounts with some of the highest rates. Depends on the length of the term, you can earn competitive rates on your deposits.
The interest rates have been consistently competitive with terms as short as 3 months to 120 months long.
| CD Term | APY Rate |
|---|---|
| 3-Month Term | 2.00% APY |
| 6-Month Term | 3.70% APY |
| 9-Month Term | 4.00% APY |
| 12-Month Term | 4.00% APY |
| 18-Month Term | 3.80% APY |
| 24-Month Term | 3.80% APY |
| 30-Month Term | 3.50% APY |
| 3-Year Term | 3.50% APY |
| 4-Year Term | 3.50% APY |
| 5-Year Term | 3.50% APY |
| 7-Year Term | 3.50% APY |
| 10-Year Term | 3.50% APY |
Interest rate from traditional Savings account can change the next day, however CDs rate can be guaranteed for the length of the term for risk-free income.
CDs features include high interest rates, 24/7 Live Customer Service, Online Account Management, and FDIC Deposit Insurance up to $250,000 per individual account holder (FDIC certificate 5649).
(Visit Discover for more details)
Discover® IRA CD
If you are thinking about retirement, consider getting a Discover Bank IRA CD account to earn a guaranteed rate to offset your risk for the future. Discover’s IRA CD is earns a competitive rate. This is higher than many savings account I have seen and could be quite a good investment in the long run.
With Discover Bank, you can choose an IRA term as low as 3 months or as long as 10 years. They also provide 24/7 phone service so you can always call them if you have any further questions!
(Visit Discover for more details)
| IRA CD Term | APY Rate |
|---|---|
| 3-Month Term | 2.00% APY |
| 6-Month Term | 3.70% APY |
| 9-Month Term | 4.00% APY |
| 12-Month Term | 4.00% APY |
| 18-Month Term | 3.80% APY |
| 24-Month Term | 3.80% APY |
| 30-Month Term | 3.50% APY |
| 3-Year Term | 3.50% APY |
| 4-Year Term | 3.50% APY |
| 5-Year Term | 3.50% APY |
| 7-Year Term | 3.50% APY |
| 10-Year Term | 3.50% APY |
Discover® Money Market
Discover Bank’s Money Market account offers 3.40% APY rate on balances up to $99,999. Those with a balance $100K and higher, you’ll earn 3.45% APY with easy cash access via ATM, debit, or check. There is no hidden fees and get access to over 60,000 free ATMs.
Discover Bank provides great APY rates so you can earn more money with many free features transfer money, withdraw money, deposit money, view your daily activity, or pay bills in just a few steps online or on your mobile phone.
(Visit Discover for more details)
Should You Open a Discover Bank Account?
We consider Discover Bank to be the top online bank in the country. These Discover bank promotions have a nice deposit bonus along with some of the highest interest rates on savings products.
- Two main features are no fees including minimum or service fees for Discover checking accounts and Discover savings accounts.
- Super easy to access your money through over 60,000 no-fee ATMs across the country.
Discover Monthly Fees
Discover recently eliminated many of their fees– pretty much no fees at all.
Cashback Checking
- No monthly service fee
- No ATM fee at over 60,000 ATMs in the US
- Zero fee for online bill pay
- No fee for check order
- No fee for replacement debit card
- Zero fee for official bank check
- No fee for outbound ACH transfers
- No fee for deposited item returned
- Zero fee for incoming wire
- No fee for stop payment
- No insufficient funds fee
Online Savings
- No fee monthly service fee
- No fee for official bank check & expedited delivery
- Zero fee for deposited item returned
- No fee for incoming wire
- No fee for each excessive withdrawal
- Zero fee for stop payment order
- No fee insufficient funds fee
Money Market
- No fee for minimum balance fee
- No fee for ATM fee at over 60,000 ATMs in the US
- Zero fee for check order
- No fee for replacement debit card
- No fee for deposited item returned
- Zero fee for incoming wire
- No fee for each excessive withdrawal
- No fee for stop payment
- Zero fee for insufficient funds fee
Certificate of Deposit (CD)
- Zero monthly service fee
- No fee for official bank check
- No fee for incoming wire
Bottom Line
Definitely sign up for an online checking or savings account with no monthly fees or minimum balance requirements. Discover also has great CD accounts with outstanding % APY rates.
The Discover Online Savings and Debit Cashback checking are both recommended. A great way to earn some extra money on your cash balances for opening your first online savings account!
Be sure to search of the best bank promotions from the internet’s most updated list, then compare rates with all the best listed on our Savings Rates Page and CD Rates Page.
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