[Expired] Discover AAA Savings $150/$200 Bonus with $15,000/$20,000 Deposit

 

This bonus has expired, the bonus is still available on the regular savings account.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Nationwide
  • Direct deposit required: None
  • Additional requirements: Deposit $15,000 for $150 bonus or deposit $20,000 for $200 bonus
  • APY: 1.15%
  • Initial Deposit: None
  • Hard/soft pull: Soft
  • ChexSystems: Checking does have Chex inquiry
  • Credit card funding: None
  • Monthly fees: None
  • Early account termination fee: None mentioned
  • Expiration date: Open account by October 31st, 2017. Must deposit funds by November 15th, 2017
  • Insured: FDIC

The Offer

Direct link to offer

  • Apply for your first AAA Online Savings Account by 10/31/17. Enter offer code AAABONUS when applying. Deposit a total of at least $15,000 into your account by 11/15/17 to earn a $150 Bonus or deposit a total of at least $20,000 into your account by 11/15/17 to earn a $200 Bonus. According to this datapoint cumulative deposits will work, YMMV as always.

The Fine Print

  • To get your $150 or $200 Bonus offer: What to do: Apply for your first AAA Online Savings Account from Discover Bank by 10/31/17. Enter Offer Code AAABONUS when applying. Deposit a total of at least $15,000 into your account by 11/15/17 to earn a $150 Bonus or deposit a total of at least $20,000 into your account by 11/15/17 to earn a $200 Bonus.
  • Maximum bonus eligibility is $200 per account.
  • What to know: Offer not valid for existing or prior AAA savings customers.
  • Account must be open when bonus is credited.
  • Bonus will be credited to the account by 11/30/17. B
  • onus is considered interest and will be reported on IRS Form 1099-INT.
  • Offer may be modified/withdrawn without notice.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There are no fees to with this account.

Discover does not have any minimum balance requirement, and you can withdraw all the funds after opening the account and fulfilling the $15,000/$20,000 deposit requirement. You do obviously need to keep the account open until the bonus posts.

Our Verdict

Discover is also offering the same bonus when you apply for the account with them directly. This is not the first time they have offered a bonus on the AAA savings account and people have successfully gotten the bonus from the Discover savings and this AAA discover savings bonus before as well. I don’t think the order matters, but I’d probably do the regular Discover savings account first and then this AAA account.

This is a great deal if you have $15,000/$20,000 as there is no minimum deposit length so you can deposit the $15,000/$20,000 and then immediately withdraw it. In the past the bonus has posted 5-15 days after the deposited has been received. Some people might want to keep funds in the account as they do offer a 1.15% APY, but there are higher interest savings accounts available. We will be adding this to our list of the best saving account bonuses.

Big thanks to reader, Michael G who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:
    William Charles
  • On August 26, 2017, 08:00

View Comments (273)

  • Can someone confirm that the amount these Discover savings accounts are funded with during account opening will counts towards the "deposit" requirements?

    If so it it correct to think that the below would be the easiest approach to this bonus?

    (1) open the account, funding it with $15000, $25000, $40000 etc. depending on offer at opening
    (2) wait for the $150 / $200 / $400 bonus to post
    (3) withdraw funds (if you plan to do so)

  • Signed up for savings account, had to call in to verify information. The Discover rep oddly mentioned that it can be multiple deposits that equal $15,000. She did say if you deposit $5000, withdrawal $1000 (via transfer or bill payment), then deposit $10,000. You will only have $14,000 and need an additional $1000 to make up for the $1000 withdrawal.

    I may have received bad information from the rep, but wanted to share. I will be trying the $5k deposit, withdrawal, deposit, withdrawal, deposit to see if it works anyways.

  • 90 day rule only applies to savings accounts, right?

    Did the $150 bonus and closed the account like six months ago. Have maintained by checking account there for years. Am I clear to do this bonus?

  • Opened savings account on 11/11/2017.

    15k deposit was received on 11/16/2017.

    $150 Bonus posted a day later on 11/17/2017. Sweet!

    I wish I had read the comments that deposits are cumulative. I was also under the impression I had to park the money in the account for 3 months. I guess I can just withdraw it. Sweet again!

  • DP

    Opened AAA on 10-23-2017

    Opened AAIA on 10-31-2017

    10/06/2017 through 10/30/2017 Deposited 20K from outside source

    11/20/2017 - Received Account Promotion $200

    I received both bonuses, total $400.

    Thanks a lot Dr.!

    Frank

  • Deposited 20k from Ally 11-1-17, got my 200.00 bonus today.

    Thank you so much, DoC and everyone who posted data points. Had already done regular Discover and original AAA bonuses-- if it weren't for you, I wouldn't have tried for this one!

  • I only deposited $15k in my husband's and my accounts, but a $200 bonus posted in each of our accounts today. Did this happen to anyone else?

  • DP:

    10/26/17 – Discover AAA Savings Acct. opened online

    10/30/17 – Deposited $100

    11/1/17 – Deposited $100

    11/3/17 – Deposited $10000

    11/6/17 – Deposited $10000

    11/20/17 – Account Promotion Deposited $200

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