This bonus has expired, the bonus is still available on the regular savings account.
Bonus is working for those who have received the regular and AAA bonuses.
Offer at a glance
- Maximum bonus amount:Â $200
- Availability:Â Nationwide
- Direct deposit required:Â None
- Additional requirements:Â Deposit $15,000 for $150 bonus or deposit $20,000 for $200 bonus
- APY: 1.15%
- Initial Deposit:Â None
- Hard/soft pull:Â Soft
- ChexSystems: Checking does have Chex inquiry
- Credit card funding:Â None
- Monthly fees:Â None
- Early account termination fee:Â None mentioned
- Expiration date: Open account by October 31st, 2017. Must deposit funds by November 15th, 2017
- Insured: FDIC
The Offer
- Apply for your first AAII Savings Account from Discover Bank by 10/31/17. Enter offer code AAIIBONUS 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 AAII Savings Account from Discover Bank (OSA) by 10/31/17. Enter invitation Code: AAIIBONUS when applying. Deposit a total interest 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 eligibility is $200 per account.
- What to know: Offer not valid for existing or prior Discover savings customers.
- Account must be open when bonus is credited. Bonus will be credited to the account by 11/30/17.
- Bonus 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- Offer may be modified/withdrawn without notice.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
The fine print states: “Offer not valid for existing or prior Discover savings customers”, despite that the bonus is working for people who have done the regular & AAA bonuses before. This looks like a pretty easy $600 from Discover. I’ll be adding it to our list of the best savings accounts.
Big thanks to readers, Rene & Yet Another Redditor who let us know. Learn how to find bonuses and contribute to the site here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
AAII now has 1.35 APY…the other Disc accts being 1.30 APY. Possibly the best savings/MM APY on the AAII account at this time with no minimums. Beats C1 MM as well.
Just after i closed the account.. *sigh*
why on earth would you close a discover savings account? you can only get the bonus once per lifetime for each one.. and it’s a completely free account to keep open.
less accounts to track over the long haul. if i get hit by a bus.. simplicity for my wife.
+1
Just $200 bonus posted today, later than everyone else. Im guessing I wasnt only one to get paid late.
200 reasons to Thank you Doc!
AAII bonus also posted for me this morning 11/20.
I’m a triple crown discover savings winner now!
Congrats
I opened acct 10/31 and still waiting for bonus to post.. I transferred from AAA to AAII. When did everyone open their accounts?
Bonus posted for me 11/20 as well, got all three discover savings $200 bonuses thank to you DoC!
Its exactly same for me too Mr.Derek.
Thanks a million to doctor of credit,
god bless you dear “DOC” for helping middle class income people to earn some extra…..
My $200 AAII bonus is also showing as posting 11/20/17. I got all three bonuses. Unfortunately, I did the regular Discover savings when the bonus was only $100.
I did (in this order) regular Discover savings, AAA savings and then AAII savings.
Thank you DoC.
$200 AAII bonus posted today! Also had the AAA and regular Savings accounts open. Glad I rolled the dice here.
AAII Bonus posted for me and SO. Nice $1200 haul so far.
$1200 total for me and the wife across all 3 x 2! Thanks Doc!
In what order did you open the accounts? I am wondering if wife and I did not get the regular savings bonus because we opened the AAA and AAII accounts first, if only by a few minutes.