Offer at a glance
- Maximum bonus amount: $200
- Availability: Nationwide, see targeted email
- Additional requirements: Deposit $15,000 for $100 bonus, or $25,000 for $200 bonus
- Expiration date: Fund by 9/16/24, hold through 10/31/24
The Offer
Check your email for the following deal for current Discover savings account holders:
- Add $15,000/$25,000 in New Funds from an external source directly to your Account ending in (xxxx) by 9/16/24. You can make one or more deposits between 8/29/24 and 9/16/24. Internal transfers are ineligible.
- Maintain the balance until the end of the Hold Period on 10/31/24.
- Enjoy your bonus – your $100/$200 bonus will be automatically credited to your account by 11/30/24.
No enrollment necessary for those who received this email offer.
The Fine Print
- To qualify for a Savings Boost Bonus, deposit directly to Account ending xxxx (Account) a Required Deposit Amount (RDA) of $15,000 in New Funds (i.e., not currently on deposit at Discover) to earn $100 Bonus OR $25,000 in New Funds to earn $200 Bonus between 08/29/2024 and 09/16/2024 11:59 PM ET (Funding Period). Additionally, maintain a minimum of your Account balance as of 08/27/2024 11:59 PM ET plus RDA (Hold Amount) from 09/16/2024 11:59 PM ET to 10/31/2024 11:59 PM ET. RDA may consist of multiple deposits made during Funding Period. RDA funds must be credited to Account by end of Funding Period. Any funds added over qualifying Hold Amount are excluded from Hold Period requirements. Maximum Bonus eligibility is $200. Offer available only for Account ending xxxx and is non-transferable. Account must be open when Bonus is credited by 11/30/2024.
- Bonus is considered interest and will be reported on IRS Form 1099-INT.
- Offer may be modified/withdrawn.
Our Verdict
This offer was sent out to many/most of us via email (subject: <your name> how’s an extra $200 sound?), but not to everyone. (I’m not aware of any signup bonus from Discover for new accounts available at the moment.) I love these kinds of offers for accounts I already own since it’s an easy transfer to get the bonus.
Discover always offers a pretty decent savings APY rate on their savings account and so there isn’t any downside to tying up your funds in the account for 1.5 months. Easy win for someone with the $15k/$25k cash.
For the $100 or $200 bonus, just a reminder that deposits have to be NEW FUNDS. Do not deposit into Discover Checking and transfer to Savings. It will not count.
if i initiate a pull via discover account(pull funds from other bank to discover via discover app),it should count right for bonus?
Thanks received this offer
This is basically 10.75% annualized interest. Worth moving any funds in other banks for.
Does anyone have any insight whether the funds have to be deposited by the deadline, or available by the deadline? Not sure what to make of the cryptic warning to “allow for deposit processing and hold times as it may result in not meeting the offer end date.”
I was the one that sent this offer in. You’ll need to have the $15,000/$25,000 in the account depending on the bonus you are going for by 9/16/2024 with the current funds amount in the Discover Savings account (that day must reflect at least the balance per the email). In my case I’d need at least $15,000 + the $0.39 currently in the account on 9/16/2024. There’s still a good amount of time to deposit the funds.
Making a ACH transfer to the account as a pull that same day will definitely make you miss the deadline. There’s always a risk of a push into the account not making that day, especially if you do it 1-3 days before as banks sometimes wait on transfers if the dollar amount is large as these and it’s something one does not recurrently do.
Give yourself more leeway than you need is what I’d advise.
On a completely different subject, since I know you shop at Jewel, physical Alberstons GCs are back on Amazon. https://www.amazon.com/Albertsons-Companies-50-Gift-Card/dp/B0CNKQNDY7
Thanks for the Amazon note. Just no fun without being able to use discounted AGC.
DP: Targeted with 0.00 in my account.
i didnt opened their saving account cus i’m still waiting for their 500$ bonus with 50k deposit !
i wonder if i reopen and only put $2, will i get targeted?
Just to add a DP about balances and receiving the offer…
P1 – $6.40
P2 – $2684.24
We both received the offer
Datapoint: I was targeted with 0.05 cents in my account. Glad I left that nickel in there.