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 3.60% 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 3.60% 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 Offer may be modified or withdrawn without notice.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 | 3.60% |
| 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 + 3.60% APY | Review |
| Discover Bank CD | Up to 4.75% APY | Review |
| Discover Bank Money Market | Up to 3.55% 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.
How long do you need to keep the $20k in the account to get the $200 bonus? Other people are saying 1 year. Do you need to have at least $20k in the account for 1 year or you just need to have the account open for 1 year?
What is the promo code?
You don’t have to keep the $20k there any longer than the day they deposit the $200 bonus.
I just did this – my bonus was posted Oct 20, my monthly interest posted Oct 31, I initiated the transfer out of the entire balance a day later and a week after that it was in my external bank account.
2.2% APY would be the benefit of this with depositing 20,000 dollars. According to other poster, we have to keep money there for 1 year. In quick simple calculation, Deposit 20,000 dollars, wait a short time, get Bonus of 200 dollars, wait 1 year at 1.2 percent, get Interest of $240 means Net Benefits of 240 dollars.
240 dollars from 20,000 dollars will give us effective rate of 2.2 percent a year. That’s way better than CD 1 year (quick search found currently at 1.5% as of 10-20-2017). Please correct me if I am wrong. Thank you.
440 dollars total benefit. Sorry.
The APY is significantly higher – the account can be closed the day after the bonus posts with no penalty whatsoever. Whoever the other poster was provided you with incorrect information.
I have an awful time viewing my savings account. Why can’t I get it after I give all the info you need? I keep getting the credit card account. This happens every time I want tosee it. I’m very upset over this. Mrs. G
After depositing the $20K, may I withdraw most of it?
Can someone please clarify if you must deposit 20k all at once to qualify or can it also be cummulative??
It can be cumulative as long as the 20k is within the account by 10/16/2017.
could you comfirm it needs to be in by 10/16 or by 11/15??
The current promotion would need the necessary deposit by 11/15/2017.
I have opened online savings account. if I don’t deposit money by the deadline, could I open one more time and use new bonus code and get bonus credited to my account.
Phone is not working..for them..
How long do you need to keep the account open for?
Unless Discover changed the rules it’s 90 days. I’d call them to be sure.
Took 8 days after money hit for me to get my bonus
This was a soft credit inquiry from what I remember!
how long did it take for the bonus to kick in?
I was just checking this out too…. my paperwork says the $100 can be in your account by 9/19/17 but you must keep the account open for at least one year.
This is absolutely exceptional. Even though variety of article on this topic, this article carries a number of the treasured points which had been never be read in other articles.
Many people will get lot of benefits by reading this kind of informational stuff .Thank you so much for this .
I open discover saving $15000 .
will i get $100 bonus if next month I withdraw $5000…?
Or I have to keep $15000 in saving ,if yes how long ?
Thank you.
Hello ba tran,
I just spoke with Garrett, a Discover CSR. With the current offer, simply open the account by 05/31/2017 and fund the account with at least $15K by 06/15/2017. Garrett confirmed that all you would need to do is fund the account, wait until you receive the bonus, and wait a day to relocate the funds.
Thanks for supporting HMB and I hope this helped! -Danny
Currently I have a Discover saving account so if I open up another one and deposit $15,000 from elsewhere I would still be qualify for this bonus?
Hello Nhi,
I don’t think you would qualify for this bonus since you currently have an account. In the terms, it states that “Offer not valid for existing or prior Discover savings customers.” However, you could call and check with a customer service representative in the case that you can!
Hope this helps! -Danny
Thank you so much for the wonderful information .This is really important for me .I am searching this kind of information from a long time and finally got it.
Hi HMB,
I opened the account with the code, thanks.
However, you dont mention how long shall I keep it to qualify the bonus, may you confirm and check?
Thanks,
It’s a great rate so I wouldn’t mind keeping my money in the account.
However, if you must withdraw, I would think after the bonus show up. However, check with the CSR before doing so without a clawback.
How long does the account need to remain open once the bonus is received?
I waited 90 days. Got the bonus and closed it. Everything was fine.
I am about to close account opened in 2015.
However I can not find information on how many months (if any) I need to wait in order to reapply and get the bonus again. Any thoughts? Thanks,Nina
Wow. I put in $15,000 and 9 days later got the bonus. That enabled me to sign up for and relocate the $15,000 into the $400 Citibank offer. Thanks, guys!
You can use your wife’s name,too.
Hi HMB,
Why does it say this right now when the expiration is 10/15?
“Additional Requirements: Use promo code HMB916 at the OFFER CODE BOX. Must deposit $15,000 by 9/15/2016 to receive the maximum $100 bonus”
It has been updated.
I applied last weekend ……did everything as instructed and entered the HMB1016 code and transferred $1000 over to Discover Bank. They sent me an email that deposit was accepted today ……But I had received no email confirming the bonus code was accepted on account opening.
So I called the 800-number and they said there was no bonus code on their screen for my account. I gave them the bonus code and ask them to verify that it was a good bonus code and could he enter it online.
He took five minutes and then came back and said yes it was a good bonus code but no they could not apply it to my account over the phone… only on account opening online.
He said he could make a note in the file that I called and that I could transfer the $15,000 and meet the other conditions and then call Discover Bank again at the end of February and they would run it up the flagpole to see if I could get the bonus but there was no guarantee.
He sounded a bit doubtful so I guess I will just have to close the account. No bonus for me.
Bottom line be careful to enter the code but even if you do it may not go through.
I noticed if you click on the “Sign Up” link in the post the code is automatically pre-populated but you have to click “apply” next to the code for the code to actually go through. It could be easy to overlook that if you see the code in the box already.
Thank you for the blog post. It’s a great deal and made me choose Discover over Ally. I set mine up a few months ago and got the $100 no problem.