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

Bonus has been extended, click here more information here.

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 2nd, 2017. Must deposit funds by October 16tth, 2017
  • Insured: FDIC

The Offer

Direct link to offer

  • Apply for your first Discover Online Savings Account by 10/2/17. Enter offer code S817 when applying. Deposit a total of at least $15,000 into your account by 10/16/17 to earn a $150 Bonus or deposit a total of at least $20,000 into your account by 10/16/17 to earn a $200 Bonus.

 

The Fine Print

  • 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 10/31/17.
  • Bonus is considered interest and will be reported on IRS Form 1099-INT.
  • Offer may be modified/withdrawn without notice.

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 deposit requirement.

Early Termination Fee

There’s no mention of a fee for closing the account at any time. Note that you need to leave the account open until October 31st or whenever the bonus posts.

Our Verdict

Previously the bonus has been $100 for depositing $15,000 so this bonus is even better because at minimum you’re getting an extra $50 for the same requirements. The best part of this deal is that there is no deposit minimum length so you should be able to 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. A lot of people like these Discover bonuses because they also offer a decent APY (1.15% currently), this is a good rate but there are better around. I will be adding this to the list of the best saving account bonuses. We aren’t sure if cumulative deposits will work, my guess is no but who knows for sure.

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

Useful posts regarding bank bonuses:
    William Charles
  • On August 22, 2017, 20:27

View Comments (179)

  • This is listed on the Best Bank Bonus page but the post has older info.

    New terms are:
    *To get your Bonus: Apply for your first Discover Online Savings Account by 02/28/18. Enter offer code SD17 when applying. Deposit a total of at least $15,000 into your account by 03/14/18 to earn a $150 Bonus or deposit a total of at least $25,000 into your account by 03/14/18 to earn a $200 Bonus. Maximum bonus eligibility is $200 per account.

    Also, the Direct link on the Best Bank bonus page takes us to this post rather than the Discover offer page.

  • anyone recd the bonus yet with a regular savings acct opened on 10/31 with the bonus code save917d1?TIA

    • family members opened AAA & AAII accts on 10/31, completed funding $20K few days after as I for the regular savings and did recd $200 bonus today. Does the bonus for regular acct normally take longer than AAA or AAII?

  • Bonus is cumulative!

    9/08, $15k deposit
    9/08: $1 deposit
    9/11: Pulled out $15k
    10/05: $150 promo received
    10/05: $150 withdrawn
    10/11: $5000 deposited
    10/20: Additional $50 promo received

    So those of you planning to do $2000 deposit and withdrawal 10 times, that should work too!

    • Thanks for the DP.

      To confirm, this was all external transfers out from Discover? I'm hoping to save time by doing internal Discover transfers (between checking and savings accounts) to total $25k, but don't know if it'd qualify...

    • You can't withdraw more than 6 times a month per some sort of federal regulation on savings account. Probably safer to do $5k 4 times.

  • Got bonus on 10/5. Does anyone know if I can just transfer the 20k over from regular savings to AAA to trigger the bonus on that one? Or do I have to withdraw to external and then deposit into AAA from external?

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