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 a $200 or $150 bonus along with 3.90% APY – one of the highest rates online!
To redeem this offer, apply for your first Discover Online Savings account by 06/15/2023 and be sure to use the promo code HMB223 when applying. See advertiser website for full details on the promotion terms to earn your Discover Savings Bonus!
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 Bonus Summary
 Open a Discover Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code HMB223 by 06/15/2023 • Earn high interest rate of 3.90% 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 To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code HMB223 when applying. 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. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200. What to know: 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 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. |
Discover Savings Bonus Information
| Direct Link to Offer | |
| Account Type | Online Savings Account |
| Availability | Online nationwide |
| What’s the offer? | $150 or $200 bonus |
| Current APY | 3.90% |
| Expiration Date | 06/15/2023 |
| Promo Code | HMB223 |
| 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 | Bonus will be credited to the account within 60 days of the account qualifying for the bonus. |
| Account monthly fee | $0; There are no fees or minimum balance requirements |
| Account closure fee | None |
How To Earn Discover Savings Bonus
*See advertiser website for full details.*
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 06/15/2023 using offer code HMB223
- 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.
- 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 06/15/2023 using offer code HMB223
- 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.
- As a result, you’ll earn your $200 Discover Savings Bonus!
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.
Fine Print
What to know: 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 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice.
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 | Up to $200 Cash + 3.90% APY | Review |
| Discover Bank CD | Up to 4.75% APY | Review |
| Discover Bank Money Market | Up to 3.85% APY | Review |
| Discover Bank IRA CD | Up to 4.75% APY | Review |
Bottom Line
If you’re on the search for an account that offers a bonus, 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 bonuses! For more, see our list of the latest bank bonuses.
Does the initial $500 deposit count towards the $15,000 deposit by 9/15/2016?
Thanks
Not sure. I deposited $15,000 and got the bonus in about 2 weeks.
The links don’t work.
Offer expired. Tried to use on 7/17
Link is working fine.
Does anyone know the Bank of America Promo code for the $300 bonus?
I am a long time Capitalone360 (formerly ING) customer tired to the long hold times that they offer. Figured I will go with DiscoverBank instead since I liked the experience with Discover Credit Card. Tried to open a checking and a savings account on Friday 5/27. They couldn’t open the account right away as “some people are on vacation due to the long weekend”.
5 phone calls to customer service, got shuttled multiple people for no apparent reason, and finally got told on Tuesday 5/31, that there was “an error” that cannot be resolved, so I need to apply again. Won’t be opening an account with Discover Bank! What a waste of time and energy! Hey Discover Bank – have you guys heard of the concept of “great first impression”? All your advertised features sound great – if only you guys get your act together and actually open an account!
Will stick with Capitalone360 or go to Ally Bank.
When you click on the link to apply it doesn’t do any thing but go back to the same page, what’s that all about??
John, you have to have a discover credit card in order to open any accounts with discover, I know because I experienced the same thing you did and when I called discover they informed me that you have to have a discover credit card in order to open any accounts.
That wasn’t true for me. I was able to open a Discover savings account online without having a Discover credit card.
Does the minimum $15,000 deposit have to remain in the account for any length of time in order to receive the bonus?
When I spoke with the lady at discover she said no. But to play it safe I left it in there for 90 days. The interest on $15,000 is decent.
Sign Up Now button is disabled…
I called Discover Card and the code is valid. But I was told that I must go through the Hustler Money Blog to open the account and then I would be eligible for the $100 bonus. The link does not work on the site.
I called Discover and talked to a live person gave them the code: HMB216. Got my $100 in about 30 days.
Sign up link is not working. Will entering the promo code HMB216 in discover bank gives $100 ?
what is the waiting period before you can open the saving account again and get the promotion. 3 months, 6 months,1 year???
The URL has moved. Offer still available?
I got in on the 100 offer for 10k deposit late last year before that deal expired. Received the 100 bonus within about a month.
Question, is there a clawback method if I close or remove funds from the account?
Sign up link doesn’t work
Thank you for letting us know. We will make it available as soon as we can. In the mean time, you’re still able to use the offer code provided.
So no need to sign up from this site? Will it work by just putting the offer code?
So I just click the sign up link posted in this page, then enter the Promo code S00000FAQ, correct?
Yes. The code should be auto-populated though.
Thanks. Will try it.
Is That promo code the letter O after the “S” or the number 0 ? Thanks….Les
Number zero.
This promotion code shows “Bonus valid through 1/31/16. Limited to new customer only. Limit one per customer. Bonus good on Discover Online Savings Account only. To get the $100 Bonus, apply through HMB by 1/31/16 and a minimum deposit of $15,000 must be received by 2/15/16. Account must be open at time the bonus is paid. $100 will be credited to your Discover Bank account within 30 days of reaching $15,000 balance. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be withdrawn without notice.”
There is no definition of “new customer” in the ad.
In addition, can the $15000 deposit be separated in several times? Can I deposit $5001, then withdraw $5000; then deposit $5000, then withdraw $5000; then deposit $5000, then withdraw $5000 for the bonus.
Confirmed. Received Bonus on 12/29/2015
Hi did you sign up here or on Discover’s site
Through here. Then, emailed them the code.
I opened an account and deposited $10,000. I received a $50 bonus. When I disputed that the bonus amount should be $100, I received a memo that in 60 days I would receive a response whether they would adjust the amount to $100 or advise me why $50 is correct. Is anyone else getting the wrong bonus amount?
I am sorry to hear about your predicament; yet, I am glad to learn about it from your posting before opening Discover Savings that website claimed has to be open by 11/30/2015 but Discover customer service claims that 10/31/1025 is the last day to open an account. Do you know if the last day to open an account is 10/31/2015 or 11/30/2015? Thanks, Greg
I opened the account on 10/9 with a last day of 10/31. Discover continues to contemplate whether I will get $100.
I had used S00000EEL which had the following conditions
Bonus valid thru 10/31/15. Limited to new savings customers only 1 per customer per account. To receive $50 or $100 bonus: 1) Must apply through HustlerMoneyBlog.com by 10/31/15; and 2) Minimum deposit of $5,000 for $50 Bonus or $10,000 for $100 bonus must be received by 11/15/15. Bonus will be issued by 12/31/15 as credit to the account, which must be open at issue. Bonus is considered interest and will be reported on IRS Form 1099INT. Offer may be modified/withdrawn without notice.
But received $50 today. Called the banker. They were not sure why it was $50 and not $100 credited to my account. Then after taking a break, it came down to me not bringing in new money to the bank but just transferring from checking account. Asked them to put that in the reply to my secure message. I am either getting $100 or discover is advertising false information. Hopefully it will be the former
Same here. I only got $50 even though I deposited enough for the $100. Their reply was to wait for 12/31/2015 for the rest of the promotional credit. Sounded like a generic reply with no backing though.
That’s a new one. Haven’t heard that answer before.
I got another $50 yesterday so the promotion worked out. I got $100 bonus for my $10,000 deposit. Thank you Discover.
how to take the money out? Is there any free way?
I know T&c say 30 days, but how long is is taking in reality for people to get the 100 bonus?
Is there any current checking account bonus?
How long does the 10k have to be in the account and still get the bonus. Can up be put in the account and taken out a day later?
Exactly what I want to know. +1 on the question
Would like to know this too!
usually 90 days
Have you verified this or are you guessing.
Just spoke with CSR and verified the 10k could be withdrawn the day after deposit and it would qualify for requirements. No minimum balance and no ETF, this offer sounds like a no brainer.
Whom did you call to verify this? Last I called the rep didn’t know when I could withdraw the 10k.
Can you deposit $5001, withdraw $5000, then deposit $5000 … so that the accumulated deposits is over the limit for the bonus?
The link now works though looks like it is for new customers only so I guess I’m not eligible since I already have a savings account with them.
Code S00000EEL is now working fine.